Interest on delayed tax refunds payable after waiting period, with higher rate where refund follows final adjudicatory order.

Interest is payable on tax refunds not made within sixty days of receipt of the refund application, accruing from the day after that sixty day period until payment at a rate to be notified by Government on Council recommendation subject to statutory caps; a higher capped rate applies where the claim arises from a final order of an adjudicating body or court. Orders by appellate bodies or courts reversing an officer's refund decision are deemed to have been passed under the primary refund provision and thus fall within this interest and timing regime.

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