Tax on the Pari-Mutuel
You must collect a tax, known as the tax on the pari-mutuel, on bets you receive under a pari-mutuel system during a race card held in Québec or elsewhere.
This 2.5% tax is calculated on the amount of the bet. You must remit the tax to us and file the Statement of Amounts Placed as Bets During a Race Card (form VD-539.A-V), or a facsimile thereof, no later than the last day of the calendar month that follows the month in which you received the bets placed under a pari-mutuel system during a race card.
You can make your remittance:
- at a financial institution or an ATM, using the remittance slip from the Return Respecting Pari-Mutuel Bets (VDZ-539-V) (check with your financial institution to see if it offers these payment methods);
- by mail (enclose the remittance slip from form VDZ-539-V with form VD-539.A-V).
Payment date
Regardless of how you pay, your payment is considered to be received on the date it is received at one of our offices or the date it is processed by a financial institution for remittance to the Minister of Revenue of Québec. To avoid interest and penalties, make sure you account for processing by your financial institution.
Administrative charges
You will have to pay administrative charges if you remit to Revenu Québec a cheque or other commercial paper that is subsequently refused by a financial institution because of insufficient funds in the account on which it is drawn.
The amount is considered due on the date the cheque or commercial paper is refused. Interest is calculated from that date and is added to your debt.