Singapore legislation
Section 19
Section 19
Refund of tax, etc.
(1)
Where —
a registered person has surrendered carbon credits for any tax charged in relation to a taxable facility of the registered person; and
the tax charged is reduced as a result of —
any relief or remission given to a registered person under section 18; or
any revision under section 23 to an assessment of tax,the registered person may apply to the Agency for a refund of the amount of tax so reduced.
(2)
For the purpose of subsection (1), if —
the registered person continues to hold a registry account for the taxable facility; and
the revision was to correct an error that was not on the part of the Agency,then, the Agency must effect the refund by crediting the registry account for the taxable facility with the number of carbon credits with a total carbon price equal to the amount of tax so reduced.
(3)
An application under subsection (1) must be made within 4 years after the date on which the relief or remission is given, or the revision is made, as the case may be.
(4)
Where any refund has been erroneously made or any carbon credit erroneously credited pursuant to subsection (1) or (2), the registered person refunded or whose registry account was credited with the carbon credit must pay to the Agency an amount equal to the amount of the erroneous refund or the carbon price of the carbon credit erroneously credited, upon demand being made by the Agency within 4 years after the date of the erroneous refund or credit.
(5)
Nothing in this section operates to extend any time limit for an appeal or to validate any objection or appeal that is otherwise invalid, or to authorise the revision of any assessment or other matter that has become final and conclusive.