Cap. 395 Art. 38Refund may be set off against tax due.

(1) Where a registered person who furnishes a tax return in respect of a tax period, is entitled to a refund in terms of the provisions of this Act, such refund may be set off against the tax due for that period.

(2) Any refund, or part thereof, due to a registered person for a tax period which is not set off against the tax due for that same period in accordance with the provisions of subarticle (1) hereof, shall be paid within the time-limit specified in article 57.