Statutes of Newfoundland and Labrador 2016 Chapter 23

Important Information
(Includes details about the availability of printed and electronic versions of the Statutes.)

AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT NO. 5

(Assented to June 7, 2016)

Analysis

Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

SNL2009 cR-15.01 as amended

1. Section 98 of the Revenue Administration Act is repealed and the following substituted:

Rate of tax

98. The tax imposed on tobacco by this Act shall be calculated as follows:

(a) for cigarettes, a tax of $0.245 on every cigarette;

(b) for tobacco, other than cigarettes and cigars, a tax of $0.40 for each gram of tobacco; and

(c) for cigars, a tax of 125% of the purchase price on a cigar, and the tax shall be rounded to the nearest 1/100 of a cent.

Commencement

2. This Act is considered to have come into force on April 15, 2016.