B.C. Introduces Bill Providing Details on LNG Income Taxes
Posted on Mar 26, 2015 in Canada & Mexico, LNG Exports, Policy, Legislation and Politics | Comments Off on B.C. Introduces Bill Providing Details on LNG Income Taxes
The British Columbia (B.C.) government has introduced Bill 26, the Liquefied Natural Gas Income Tax Amendment Act 2015, to “set out the remaining elements of a competitive LNG income tax framework.” The bill provides the LNG industry clarifying information under the Liquefied Natural Gas Income Tax Act, including obligations to register, file returns, pay the tax, and appeal rights. It also sets out various government powers to enforce the act. Read more in the press release and overview.