Increase in the Specific Tax on Alcoholic Beverages Effective as of 3:00 a.m. on November 21, 2012
The Minister of Finance and the Economy today announced an increase in the specific tax on alcoholic beverages. The increase is effective as of 3:00 a.m. on November 21, 2012.
As a result, persons selling alcoholic beverages for consumption on the premises or for home consumption on which the specific tax was (or should have been) collected in advance must take inventory of all the alcoholic beverages they have in stock at 3:00 a.m. on November 21, 2012. They must then remit, no later than December 21, 2012, an amount equal to the difference between the tax applicable at the new rate and the tax applicable at the rate in effect before 3:00 a.m. November 21, 2012.
On November 21, 2012, a copy of form VDZ-505-V, Alcoholic Beverage Inventory, which includes a remittance slip, will be mailed to persons selling alcoholic beverages. If you sell alcoholic beverages and you do not receive a copy of the form, please contact Revenu Québec.
For more information, click Increase in the Specific Tax on Alcoholic Beverages.