T-0.1, r. 2 - Regulation respecting the Québec sales tax

Section 279r11 Disposition versions

2012-09-01

279R11. The gaming authority’s additional credit in respect of gaming activities for a reporting period of the authority is the amount determined by the formula

A - B - C.

For the purposes of this formula,

(1)  A is the total of all amounts that the authority is required, under section 279R7 or 279R8, to add in determining its net tax for the period;

(2)  B is the total of all amounts each of which is a credit of the authority in respect of a prize or winnings for the period determined under section 279R9 or 279R10; and

(3)  C is the imputed tax payable by the authority on gaming expenses for the period determined under sections 279R12 to 279R17.

O.C. 1470-2002, s. 7.