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

Section 279r16 Disposition versions

2013-07-03

279R16. The formula referred to in paragraph 4 of the second paragraph of section 279R12 is

(D.1 - D.2) × D.3.

For the purposes of this formula,

(1)  D.1 is the amount by which the amount described in subparagraph a exceeds the amount described in subparagraph b:

(a)  the total face value of all rights of the authority evidenced by tickets, cards or other printed devices that were acquired by the distributor from the authority for the purpose of supply on the distributor’s own behalf otherwise than as prizes in kind and in the case of instant win tickets, the consideration for the supplies of which by the authority to the distributor became due during the period or was paid during the period without having become due, or in any other case, in respect of which it became ascertainable in the period whether amounts were payable as prizes or winnings;

(b)  the total amount paid or payable for the supplies referred to in subparagraph a made by the authority to the distributor; and

(2)  D.2 is the amount by which the amount described in subparagraph a exceeds the amount described in subparagraph b:

(a)  the total face value of all rights of the authority evidenced by tickets, cards or other printed devices that were supplied to the distributor by the authority, the face value of which is included in determining the value under subparagraph a of paragraph 1 for the period or a preceding reporting period of the authority and that are returned by the distributor to the authority during the period;

(b)  the total amount paid or payable for the supplies referred to in subparagraph a made by the authority to the distributor;

(3)  D.3 is the tax rate set out in the first paragraph of section 16 of the Act.

O.C. 1470-2002, s. 7; O.C. 701-2013, s. 16.

2012-09-01

279R16. The formula referred to in paragraph 4 of the second paragraph of section 279R12 is

(D.1 - D.2) × D.3.

For the purposes of this formula,

(1)  D.1 is the amount by which the amount described in subparagraph a exceeds the amount described in subparagraph b:

(a)  the total face value of all rights of the authority evidenced by tickets, cards or other printed devices that were acquired by the distributor from the authority for the purpose of supply on the distributor’s own behalf otherwise than as prizes in kind and in the case of instant win tickets, the consideration for the supplies of which by the authority to the distributor became due during the period or was paid during the period without having become due, or in any other case, in respect of which it became ascertainable in the period whether amounts were payable as prizes or winnings;

(b)  the total amount paid or payable for the supplies referred to in subparagraph a made by the authority to the distributor; and

(2)  D.2 is the amount by which the amount described in subparagraph a exceeds the amount described in subparagraph b:

(a)  the total face value of all rights of the authority evidenced by tickets, cards or other printed devices that were supplied to the distributor by the authority, the face value of which is included in determining the value under subparagraph a of paragraph 1 for the period or a preceding reporting period of the authority and that are returned by the distributor to the authority during the period;

(b)  the total amount paid or payable for the supplies referred to in subparagraph a made by the authority to the distributor;

(3)  D.3 is 7,5%.

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