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Statutes of Newfoundland and Labrador 2016
AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT NO. 5
(Assented to June 7, 2016)
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 Section 98 of the Revenue Administration Act is repealed and the following substituted: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.
2. This Act is considered to have come into force on April 15, 2016.