The regulation PER-8/PJ/2024 issued by the Director General of Taxes revises tax payment, refund, and overpayment procedures within the Coretax digital administration system. Effective from 28 July 2026, the amendment mandates electronic proof submission for all tax payments, requiring taxpayers to generate certified digital receipts through the official portal. It also establishes a standardized process for claiming overpayments, including a defined review period during which the Directorate General of Taxes may request additional documentation. Moreover, the regulation imposes strict verification timelines for customs reviews, obligating authorities to complete assessments within predetermined windows, thereby reducing indefinite delays. These changes aim to enhance transparency, curb tax evasion, and accelerate refund processing for compliant taxpayers. Businesses are advised to integrate the new electronic proof workflow into their accounting systems, train finance personnel on updated documentation requirements, and review internal controls to ensure adherence to the new deadlines. Failure to comply may result in administrative sanctions or delayed refunds. The regulation therefore represents a significant operational shift for corporate tax administration, emphasizing digital compliance and timely reporting.
Key Takeaways
- Electronic Proofs: Taxpayers must generate and upload digital payment confirmations via the Coretax portal.
- Refund Mechanism: Overpaid taxes can be reclaimed through a streamlined refund request, subject to verification.
- Compliance Deadlines: Customs authorities must complete reviews within the stipulated timeframe, or face procedural penalties.
Source: Read Original Announcement