NEWFOUNDLAND AND LABRADOR REGULATION 111/18

NEWFOUNDLAND AND LABRADOR
REGULATION 111/18

Revenue Administration Regulations (Amendment)
under the
Revenue Administration Act
(O.C. 2018-257)

(Filed December 6, 2018)

Under the authority of sections 107 and 111 of the Revenue Administration Act, the Lieutenant-Governor in Council makes the following regulations.

Dated at St. John's, December 5, 2018.

Ann Marie Hann
Clerk of the Executive Council

REGULATIONS

Analysis

1. S.64.3 Amdt.
Tax shown separately

2. S.64.8 Added

Tax advantage

3. Commencement

NLR 73/11
as amended

1. Paragraph 64.3(b) of the Revenue Administration Regulations is repealed and the following substituted:

(b) the tax or where there is more than one tax rate, the tax at each tax rate.

2. The regulations are amended by adding immediately after section 64.7 the following:

Tax advantage

64.8 Where a retail purchaser cancels a contract of insurance relating to an automobile before it expires and enters into a new contract of insurance relating to an automobile solely for the purpose of availing of the reduced tax rates prescribed in subsection 91.1(1.1) of the Act, the reduced tax rate shall not be applied until the expiry of the original contract of insurance relating to an automobile.

Commencement

2. These regulations come into force on January 1, 2019.