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.]

Information sharing – prescribed enactments

4   For the purposes of section 14 (6) (k) of the Act, the following enactments are prescribed:

(a) the Business Number Act;

(b) section 8 of the Financial Administration Act.

[en. B.C. Reg. 121/2023, Sch. 5.]