Interest on refunds: pay interest from original payment date to refund, subject to a one-month exclusion and rounding rules. The amendment requires interest on refundable tax or penalty amounts to be paid from the date the disputed amount was originally paid until refund is granted, subject to a one-month exclusion; instalment payments attract interest calculated on each instalment from its payment date to refund, the new rule supersedes earlier interest provisions, and computation uses rounding rules that ignore fractional months and round refundable amounts to the nearest whole hundred. Authorities must promptly receive and give effect to appellate or other orders to meet the one-month timeframe.
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Provisions expressly mentioned in the judgment/order text.
Interest on refunds: pay interest from original payment date to refund, subject to a one-month exclusion and rounding rules.
The amendment requires interest on refundable tax or penalty amounts to be paid from the date the disputed amount was originally paid until refund is granted, subject to a one-month exclusion; instalment payments attract interest calculated on each instalment from its payment date to refund, the new rule supersedes earlier interest provisions, and computation uses rounding rules that ignore fractional months and round refundable amounts to the nearest whole hundred. Authorities must promptly receive and give effect to appellate or other orders to meet the one-month timeframe.
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