Income Tax Refund Reporting
The General and/or Supplemental Appropriations Acts of each fiscal year as well as Guam laws mandate that the Department of Revenue and Taxation submit certain reports relative to Income Tax Refunds. Below you will find links these reports.
Pursuant to § 51106(c), Chapter 51, Title 11 of the Guam Code Annotated, the Director of the Department of Administration is mandated to submit the Income Tax Refund Efficient Payment Trust Fund monthly bank statements to the Speaker of the Guam Legislature and the Office of Finance and Budget no later than five (5) days after the end of each month. Below you will find a link to the Income Tax Refund Efficient Payment Trust Fund bank statements.
Pursuant to General Appropriations Acts, the Director of the Department of Revenue and Taxation is mandated to submit an Income Tax Refund Status Report to the Speaker of the Guam Legislature and the Office of Finance and Budget no later than the fifteen (15th) day after the end of each month pursuant to a template design found in Appendix II of Public Law 32-068. Such template provides for Income Tax Refund Status information by Individual and Corporate income tax refund statuses to include Total Tax Returns filed, Total Tax Returns owed Income Tax Refunds, Total Income Tax Refunds and Interest Paid and Owed, etc. Below you will find a link to the Income Tax Refund Status Reports.