The tax adds 20 cents to every litre of sugar sweetened beverages.
There is a new “sweetened beverage tax” in Newfoundland and Labrador.
The tax adds 20 cents to every litre of sugar-sweetened beverages as of 1 September 2022.
The new law requires wholesalers that sell these drinks to issue invoices that contain specific details (which the province is expected to outline soon). As a result, certain wholesalers and retailers in Newfoundland and Labrador may need to update their systems because of the new tax obligations.
Source KPMG
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