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
Latest Posts in "Canada"
- New GST Voluntary Disclosure Guidelines: Major Changes to CRA’s VDP Now in Effect
- Navigating GST/HST on Domestic and International Freight Transportation Services in Canada
- Final 2025 GST/HST Credit Payments Released for Eligible Canadians on October 3
- Ensuring Compliance: Québec’s Uniform Fiscal Documentation and Reporting Requirements
- Navigating Canada’s Complex Sales Tax System: GST, HST, PST, and QST Explained
