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Newfoundland and Labrador NEWFOUNDLAND Interactive Digital Media Tax Credit
Regulations (Amendment) (Filed March 31, 2021) Under the authority of section 46.3 of the Income Tax Act, 2000, the Lieutenant-Governor in Council makes the following regulations. Dated at St. John’s, March 30, 2021. Gary Norris REGULATIONS Analysis 1.
S.9 Amdt. 2. Commencement NLR 84/15 1. (1) Paragraph 9(2)(b) of the Interactive Digital Media Tax Credit Regulations is repealed and the following substituted: (b) before January 1, 2025. (2) Subsection 9(3) of the regulations is repealed and the following substituted: (3) Notwithstanding paragraph (1)(a), where an eligible corporation is applying for a tax credit certificate with respect to qualifying expenditures referred to in subsection 10(2) the eligible corporation shall apply for a tax credit certificate in respect of those qualifying expenditures within 18 months of the end of the taxation year during which the eligible product is completed. Commencement 2. These regulations are considered to have come into force on January 1, 2020. ©Queen's Printer |