T-0.1 - Act respecting the Québec sales tax

Section 350.42.8 Disposition versions

2009-05-15

350.42.8. A registrant shall, in determining the net tax of the registrant for a reporting period that includes a particular time, add the amount determined by the formula in the second paragraph if

(1)  the registrant makes a supply of a beverage in a returnable container of a particular class in respect of which the registrant is a specified beverage retailer;

(2)  the first and second paragraphs of section 350.42.4 apply in determining the value of the consideration for the supply; and

(3)  the registrant makes at the particular time a supply of the returnable container used and empty for consideration without having acquired it used and empty for consideration.

The amount that a registrant is required to add in determining the net tax of the registrant under the first paragraph is determined by the formula

A × B.

For the purposes of the formula,

(1)  A is the rate of tax specified in the first paragraph of section 16; and

(2)  B is the refund for a returnable container of that class.

2009, c. 5, s. 632.