News and Insights

Revenue Quebec Provides More Details on its Voluntary Disclosure Program

Tax Development Oct 01, 2013

Revenue Quebec (“RQ”) recently updated its Interpretation Bulletin ADM.4, “Voluntary Disclosures” to provide additional information on its administrative policy concerning voluntary disclosures (“VD”) and to introduce the new application form, LM-15-V

RQ has added to its “Special Cases” (situations in which the VD policy does not apply) the situation in which a post-assessment application for the cancellation or waiver of penalties or interest has been filed.  RQ has indicated such an application would be considered retroactive tax planning.

In addition, RQ has provided further details on its policy concerning anonymous VD applications, including a discussion on when such an application can and cannot be made.