NEWFOUNDLAND AND LABRADOR REGULATION 80/23

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Newfoundland and Labrador
Regulation 2023

NEWFOUNDLAND AND LABRADOR
REGULATION 80/23

Revenue Administration Regulations (Amendment)
under the
Revenue Administration Act
(O.C. 2023-244)

(Filed October 26, 2023)

Under the authority of section 111 of the Revenue Administration Act, the Lieutenant-Governor in Council makes the following regulations.

Dated at St. John’s, October 19, 2023.

Krista Quinlan
Clerk of the Executive Council

REGULATIONS

Analysis

1. S.63 Amdt.
Valuation

NLR 73/11
as amended

1. Subsection 63(2) of the Revenue Administration Regulations is repealed and the following substituted:

(2) Notwithstanding subsection (1), where the actual price paid for a vehicle is less than the value referred to in paragraph (1)(b), the purchase price of the vehicle shall be the actual price paid where, at the time when the tax is payable, the consumer and the seller of the vehicle confirm the actual price paid by the consumer, in the form and manner required by the minister.