The Director of Revenue and Taxation or his delegate shall authorize the Treasurer of Guam, by proper certification, to refund from any funds in the treasury derived from the Vehicle Transfer Tax, any overpayment or erroneously collected assessment of the tax, penalty or interest imposed by this Chapter with interest at one-half (1/2%) per month, or fraction thereof, from the date of overpayment or erroneous collection. No refund shall be paid unless a claim is filed therefor with the Director of Revenue and Taxation within one (1) year from the date of overpayment or erroneous collection.

Where a refund is due a taxpayer, and the taxpayer has any obligation owing to the government of Guam, the refund or such part thereof as may be necessary shall be applied to the obligation.

SOURCE: GC § 19456, enacted by P.L. 1-88 as amended by P.L. 3-77.

NOTE: “Finance” changed to Revenue and Taxation in this Chapter by Editor, GC,
1970 Ed.

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COL070307