INTERNATIONAL TAX PLAZA - Qualified refundable tax credit

Details: Published: 02 February 2022

‘Qualified refundable tax credit’ means:

(a) a refundable tax credit designed in such a way that it is payable as a cash payment or a cash equivalent to a constituent entity within four years from the date when the constituent entity is entitled to receive the refundable tax credit under the laws of the jurisdiction granting the credit; or

(b) if the tax credit is refundable in part, the portion of the refundable tax credit that is payable as a cash payment or a cash equivalent to a constituent entity within four years from the date when theconstituent entity is entitled to receive the partial refundable tax credit.

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