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B.C. Reg. 166/2016
O.C. 493/2016
Deposited July 5, 2016
effective July 5, 2016
This consolidation is current to November 29, 2022.
Link to consolidated regulation (PDF)
Link to Point in Time

Logging Tax Act

Logging Tax Regulation

[includes amendments up to B.C. Reg. 229/2018, July 5, 2016]

Definition

1   In this regulation, "Act" means the Logging Tax Act.

Instalment payments threshold

2   For the purposes of section 15 (1) of the Act, the amount prescribed is $2 000.

Calculation of interest

3   For the purposes of sections 15 (7) (a), 15.1 (2) and 21.1 (1) of the Act, interest payable on amounts due to the government must be

(a) calculated at the rate prescribed under the Interest Rate under Various Statutes Regulation, B.C. Reg. 386/92, and

(b) calculated on a daily basis and compounded monthly.

[am. B.C. Reg. 229/2018, s. 2.]

[Provisions relevant to the enactment of this regulation: Logging Tax Act, R.S.B.C. 1996, c. 277, sections 15, 21.1 and 42]