Section Sch50-“ 165B — Income Tax Act 2007: Recovery of overpaid refunds: NRWT

“ 165B Recovery of overpaid refunds: NRWT “ (1) This section applies for the purposes of the NRWT rules when the amount of a refund made to a person is more than the amount properly refundable to them. “ (2) The Commissioner may recover the amount overpaid as if it were income tax. “ (3) If the person has led the Commissioner by wilful default or neglect to pay the refund, the amount of the overpayment is due on the date the refund was paid. In every other case, the amount of the overpayment is due on the 5th working day of the month after that in which the Commissioner notifies the person that the amount of the overpayment is payable. “ Compare: 2004 No 35 s NG 16(5) ” .