Acts and Regulations

2014-139 - Tobacco Tax Act

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NEW BRUNSWICK
REGULATION 2014-139
under the
Tobacco Tax Act
(O.C. 2014-361)
Filed August 18, 2014
1Section 4.2 of New Brunswick Regulation 84-250 under the Tobacco Tax Act is amended
(a) by repealing paragraph (1)(a) and substituting the following:
(a) submits an application, on a form provided by the Minister, to the Commissioner,
(b) by repealing subsection (2).
2Section 5.1 of the Regulation is amended
(a) by repealing subsection (3);
(b) by repealing subsection (4);
(c) by repealing subsection (5).
3Paragraph 6.2(2)(c) of the Regulation is repealed and the following is substituted:
(c) made within six months after the day on which the substantiated loss occurred.
4Section 8 of the Regulation is repealed and the following is substituted:
8(1)Subject to subsection (2), for the purposes of section 3 of the Act, the normal retail price of cigars shall be the suggested retail price of the manufacturer.
8(2)If there is no suggested retail price of the manufacturer, the normal retail price of cigars shall be calculated as follows:
A Ă— 123%
2where
2Ais the wholesale price of the cigars, excluding any volume or trade discounts.
5Section 2 of this Regulation comes into force on October 1, 2014.