Newfoundland and Labrador Regulations 2006

NEWFOUNDLAND AND LABRADOR
REGULATION 19/06

Insurance Companies Tax Regulations
(Amendment)
under the
Insurance Companies Tax Act
(O.C. 2006-031)

(Filed February 8, 2006)

Under the authority of section 17.1 of the Insurance Companies Tax Act, the Lieutenant-Governor in Council makes the following regulations.

Dated at St. John's, February 8, 2006.

Robert C. Thompson
Clerk of the Executive Council

REGULATIONS

Analysis

CNLR 1122/96

1. The Insurance Companies Tax Regulations are amended by adding immediately after section 4 the following:

Returns to be filed

4.1 (1) Unless otherwise is required by the minister under subsection (2), a company shall make a separate return of tax payable for each calendar month and shall file the return with the minister not later than 20 days after the end of the month in respect of which the return is made together with payment of the tax payable by the company.

(2) The minister may, in addition to or instead of the returns required under subsection (1), order a company to make a return of the tax payable by that company in respect of a period prescribed by the minister in the order, and in that case, the company that has been ordered shall make the return of tax payable within the period prescribed by the minister in the order together with payment of the tax payable by the company.

(3) A return required to be made by a company under this section shall be signed by an officer, director or agent of the company or a person authorized in writing to sign on behalf of the officer, director or agent.