Article 7 - Allocation of Unidentified payments

1. If the Taxable Person settles any amount to the Authority without specifying the type of Tax or Tax Period to which it relates, the Authority may allocate the amount for settling any debts or liabilities due to the Authority based on seniority.

2. If the amount received by the Authority under Clause (1) of this Article, exceeds the Taxable Person’s existing liabilities, the Authority shall treat the excess amount received as a credit against future liabilities of the Taxable Person, where the Taxable Person did not request the excess amount to be returned.

3. The Authority shall notify the Taxable Person regarding the allocation of payments according to Clause (1) of this Article.