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

Section 434r8 Disposition versions

2012-09-01

434R8. Subject to sections 434R8.7 to 434R8.11, if a registrant operates a business that consists in providing telephone services, electricity or natural gas in a separate division or service and an election by the registrant to determine the net tax of the registrant in accordance with sections 434R1 to 434R8 is in effect during a particular reporting period of the registrant, the net tax of the registrant for the particular reporting period is equal to the positive or negative amount determined by the formula

A + B.

For the purposes of that formula:

(1)  A is the amount that would correspond to the registrant’s net tax for the particular reporting period, determined in accordance with section 434R7, if the registrant did not operate the business and if all the property and services acquired or brought into Québec by the registrant, otherwise than primarily for consumption, use or supply in the course of operating the business were the only property and services acquired or brought in by the registrant; and

(2)  B is the amount that would correspond to the registrant’s net tax for the particular reporting period, determined in accordance with sections 428 to 432 of the Act, if the operation of the business were the only activity carried on by the registrant and if the property and services acquired or brought into Québec by the registrant primarily for consumption, use or supply in the course of operating the business were the only property and services acquired or brought in by the registrant.

O.C. 1108-95, s. 8; O.C. 1463-2001, s. 38.