British Columbia Order in Council — Order under Financial Administration, s (O.C. 371/2020)

O.C. 371/2020

British Columbia — Orders in Council

371 June 29, 2020 PROVINCE OF BRITISH COLUMBIA ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL Order in Council No. , Approved and Ordered Executive Council Chambers, Victoria On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that the attached Tax and Royalty Interest (COVID-19 Emergency) Remission Regulation is made. Minister of Finance and Deputy Premier Presiding Member of the Executive Council (This

part is for administrative purposes only and is not part of the Order.) Authority under which Order is made: Act and section: Financial Administration Act, R.S.B.C. 1996, c. 138, s. 19 Other: R10419917 TAX AND ROYALTY INTEREST (COVID-19 EMERGENCY) REMISSION REGULATION

Definitions In this regulation: "eligible amount" means (

a) eligible interest, or (

b) an amount imposed as a fine or penalty to the extent that the amount is determined by calculating or otherwise incorporates eligible interest; "eligible interest" means interest that is calculated in relation to any part of the remission period; "remission period" means the period that begins on March 24, 2020 and ends on September 30, 2020. Application The following Acts are specified for the purposes of

section of this regulation: (

a) the Carbon Tax Act; (

b) the Employer Health Tax Act; (

c) the Home Owner Grant Act; (

d) the Insurance Premium Tax Act; (

e) the International Business Activity Act; (

t) the Logging Tax Act; (

g) the Mineral Land Tax Act; (

h) the Mineral Tax Act; (

i) the Motor Fuel Tax Act; (

j) the Petroleum and Natural Gas Act; (

k) the Property Transfer Tax Act; (1) the Provincial Sales Tax Act; (

m) the Social Service Tax Act; (

n) the Speculation and Vacancy Tax Act; (

o) the Taxation (Rural Area) Act; (

p) the Tobacco Tax Act. Remission of interest Authorization is given for the remission of any of the following amounts that is paid or payable to the government: (

a) an eligible amount that is imposed or authorized to be imposed under

an Act specified in

section of this regulation, whether directly or as that Act is applied by another enactment; page of3 (

b) an eligible amount that is imposed or authorized to be imposed under any of the following Acts and made subject by that Act to administration and enforcement under the Taxation (Rural Area) Act: (

i) the South Coast British Columbia Transportation Authority Act; (ii) the University Endowment La,nd Act. page of3

Document details

Collection	British Columbia — Orders in Council
Citation	O.C. 371/2020
Type	order_in_council
Volume / chapter	arc oic 0371 2020
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	85a00ab33b0e1216c90e146a09df3680b5a05da5

Source file is stored in the law ingest library (pdf).