T-0.1 - Act respecting the Québec sales tax

Section 457.1.5 Disposition versions

2004-11-03

457.1.5. For the purposes of section 457.1.4, the amount that a registrant shall add in determining the net tax for the appropriate reporting period of the registrant is determined by the formula

50% × [(A − B) / C] × D.

For the purposes of this formula,

(1)  A is the particular amount referred to in subparagraph 2 of the first paragraph of section 457.1.4;

(2)  B is the amount determined under the second paragraph of section 457.1.4;

(3)  C is the composite amount referred to in subparagraph 1 of the first paragraph of section 457.1.4; and

(4)  D is the amount of the input tax refund claimed by the registrant, in a fiscal year, in relation to the composite amount.

2004, c. 21, s. 537.