Australian Capital Territory Numbered Acts

LIQUOR TAX ACT 1991 (NO. 110 OF 1991) - SECT 8

8. (1) The amount of tax payable by a person in respect of a quarter is—

        (a)     if the purchases in the quarter relate to an exempt wholesale licence—the determined amount plus the amount calculated in accordance with the formula in subsection (2); or

        (b)     in any other case—the determined amount or the amount calculated in accordance with the formula in subsection (2), whichever is greater.

(2) For the purposes of subsection (1), the formula is—

        (TP ^_ ES) x DR

        where—

        TP is the aggregate of amounts (including duties) paid or payable by the person for taxable purchases in the quarter;

        ES is the aggregate of amounts (including duties) paid or payable by the person for exempt sales in the quarter; and

        DR is the determined rate.