T-0.1 - Act respecting the Québec sales tax

Section 499.2 Disposition versions

2005-03-17

499.2. The instalment base of a person referred to in section 499.1 for a particular reporting period of the person is the lesser of

(1)  an amount equal to

(a)  in the case of a reporting period determined under section 461.1, the amount determined by the formula

A × (365 / B), and

(b)  in any other case, the total of the specific tax and the amount equal to the specific tax, if any, that the person has collected or should have collected for the particular reporting period; and

(2)  the amount determined by the formula

C × (365 / D).

For the purposes of these formulas,

(1)  A is the total of the specific tax and the amount equal to the specific tax, if any, that the person has collected or should have collected for the particular reporting period;

(2)  B is the number of days in the particular reporting period;

(3)  C is the total of all amounts each of which is the total of the specific tax and the amount equal to the specific tax, if any, that the person has collected or should have collected for a reporting period ending in the 12-month period immediately preceding the particular reporting period; and

(4)  D is the number of days in the period commencing on the first day of the first of those preceding reporting periods and ending on the last day of the last of those preceding reporting periods.

1999, c. 83, s. 321; 2005, c. 1, s. 369.

1999-12-20

499.2. The instalment base of a person referred to in section 499.1 for a particular reporting period of the person is the lesser of

(1)  an amount equal to

(a)  in the case of a reporting period determined under section 461.1, the amount determined by the formula

A × (365 / B), and

(b)  in any other case, the total of the specific tax and the amount equal to the specific tax, if any, that the person has collected or should have collected, the duties provided for in section 79.11 of the Licenses Act (chapter L-3) that the person has collected or should have collected under subparagraphs b and d of the first paragraph of that section and that the person is required to pay under subparagraphs c and e of the first paragraph of that section for the particular reporting period; and

(2)  the amount determined by the formula

C × (365 / D).

For the purposes of these formulas,

(1)  A is the total of the specific tax and the amount equal to the specific tax, if any, that the person has collected or should have collected, the duties provided for in section 79.11 of the Licenses Act that the person has collected or should have collected under subparagraphs b and d of the first paragraph of that section and that the person is required to pay under subparagraphs c and e of the first paragraph of that section for the particular reporting period;

(2)  B is the number of days in the particular reporting period;

(3)  C is the total of all amounts each of which is the total of the specific tax and the amount equal to the specific tax, if any, that the person has collected or should have collected, the duties provided for in section 79.11 of the Licenses Act that the person has collected or should have collected under subparagraphs b and d of the first paragraph of that section and that the person is required to pay under subparagraphs c and e of the first paragraph of that section for a reporting period ending in the twelve-month period immediately preceding the particular reporting period; and

(4)  D is the number of days in the period commencing on the first day of the first of those preceding reporting periods and ending on the last day of the last of those preceding reporting periods.

1999, c. 83, s. 321.