News and Insights

Revenue Quebec Releases Several Documents Relating to QST

Tax Development Aug 12, 2013

Revenue Quebec has released an update to the brochure on the Fuel Tax Act, published a new brochure on the Voluntary Disclosure process and a Tax News document pertaining to the sale of property by a financial services provider occurring after January 1, 2013. 

IN-222-V, “An Overview of the Fuel Tax Act” has been updated from its previous version dated July 2011.  This brochure sets out the principal rules of the Fuel Tax Act , including information on registration certificates, permits, and the collection and remittance of the tax applicable to retail and wholesale dealers of fuel and to storers and carriers of bulk fuel.

IN-309-V, “Voluntary Disclosure: Rectifying Your Tax Situation” is a new brochure that outlines the voluntary disclosure (“VD”) process.  It includes details on special cases in which a VD may not be made, conditions for a VD, how and where to make a VD, the validation of information provided in a VD and the consequences of making a VD.

Revenue Quebec also published Tax News dated July 25, 2013 that discusses the sale of property by a Financial Services Provider.  Transitional rules specific to this scenario are discussed in this one page publication.