Tax Credit
Cumulative Tax Credit
The cumulative tax credit is a refund of net current proceeds (NCP) tax (tier 1) offset against the net revenue tax (tier 2) payable on mine revenues.
- 4.5/5.0
- British Columbia. Farming, Natural Resources & Industry
- All levels
- Last updated 1 week ago
- English
Description
The cumulative tax credit is a refund of net current proceeds (NCP) tax (tier 1) offset against the net revenue tax (tier 2) payable on mine revenues.- To encourage the development of new mines and eligible expansion projects.