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Statutes of Newfoundland and Labrador 2012
AN ACT TO AMEND THE REVENUE ADMINISTRATION ACT
(Assented to June 27, 2012)
Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:
1. Subsection 88(2) of the Revenue Administration Act is repealed and the following substituted:
(2) A person who brings into or receives delivery of a used vehicle in the province where that vehicle was acquired from a person who is not an HST registrant is liable for and shall pay at the time the vehicle enters the province tax at the rate of 14% of the purchase price of the vehicle.
2. Section 90 of the Act is repealed and the following substituted:
90. Where a consumer acquires a vehicle from a person who is not an HST registrant, the purchase price on which tax is required to be paid under this Act is the amount determined by the valuation system prescribed by regulation.