1. Where it is established that the Qualifying Entity no longer satisfies the conditions required for full or partial entitlement to the Research and Development Tax Credit in respect of a specific Research and Development Project, any amount of Tax Credit relating to such project that has been refunded or used to reduce Corporate Tax and/or Top-up Tax liabilities of the Qualifying Entity or any other Person in accordance with Article (7) of this Resolution, shall be repaid to the Authority within the timeframe and in the manner prescribed by the Authority. 2. Any unused portion of the Research and Development Tax Credit pertaining to the Research and Development Project itself shall be deemed forfeited from the date the situation referred to in Clause (1) of this Article is established, and it shall not be carried forward or refunded. 3. If the Research and Development Tax Credit becomes subject to repayment pursuant to the provisions of this Article, no other tax credits, special reliefs, tax losses, or Pillar Two Losses may be utilized, whether directly or indirectly, to satisfy tax liability arising from such repayment.
Interpretation and application must be checked against the official text and current version.