• Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 9/27/2013

Canada - Updated voluntary disclosure process in Quebec 

September 27: Revenu Quebec introduced new Form LM-15-V, Voluntary Disclosure Application, for taxpayers who want to rectify their tax situation on or after 19 September 2013.

Quebec's revised interpretation bulletin ADM. 4/R4, Voluntary Disclosures, provides additional information on the application of the voluntary disclosure policy and reflects changes to the procedure for making a voluntary disclosure. This change is part of Quebec's general review of its procedures.

Interpretation bulletin ADM. 4/R4 includes a new example of a situation when the voluntary disclosure policy no longer applies, such as when a taxpayer has filed a post-assessment application for the cancellation or waiver of penalties or interest. In this situation, Revenu Quebec reported that a voluntary disclosure application would be considered to be retroactive tax planning.

Read a September 2013 report prepared by the KPMG member firm in Canada: Quebec Updates Voluntary Disclosure Process

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