Regulations relating to interest on repayment of overpaid amounts of CO2 tax
Laid down by Royal Decree 12 June 1998 pursuant to Act 21 December 1990 no 72 relating to tax on discharge of CO2 in the petroleum activities on the continental shelf, section 6.
Section 1
When CO2 tax is paid back, interest shall be payable on overpaid amounts of such tax, unless the incorrect payment is resulting from circumstances attributable to the person liable to pay the tax, or circumstances for which he is the most likely to be responsible. Upon repayment of overpaid amounts of tax, interest paid on overdue amounts according to Act 21 December 1990 no 72 relating to tax on discharge of CO2 in the petroleum activities on the continental shelf, section 4 second paragraph, shall be refunded in respect of the repayable amount of fees.
Decisions relating to interest may be appealed to the Ministry.
Section 2
Interest payable on overpaid amounts of tax shall be calculated from the time when the amount was paid in and until the repayment takes place.
Section 3
The rate of interest shall be equal to the rate of interest at any time as stipulated in regulations 5 September 1980 no 4 relating to levy, payment and settlement of instalment tax etc, section 11, subsection 2.
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English version is not necessarily updated according to recent changes at any time.
Updated: 15/03/2024