Drilling Rig (Provincial Sales Tax – Related Equipment) Remission Regulations, F-13.4 Reg 48

1 DRILLING RIG F-13.4 REG 48 The Drilling Rig (Provincial Sales Tax – Related Equipment) Remission Regulations being Chapter F-13.4 Reg 48 (effective September 7, 2023) NOTE: This consolidation is not official. Amendments have been incorporated for convenience of reference and the original statutes and regulations should be consulted for all purposes of interpretation and application of the law. In order to preserve the integrity of the original statutes and regulations, errors that may have appeared are reproduced in this consolidation. 2 F-13.4 REG 48 DRILLING RIG Table of Contents 1 Title 2 Definitions and interpretation 3 Remission 4 Application for remission 5 Payment of remission 6 Overpayment 7 Coming into force 3 DRILLING RIG F-13.4 REG 48 CHAPTER F-13.4 REG 48 The Financial Administration Act, 1993 Title 1 These regulations may be cited as The Drilling Rig (Provincial Sales Tax – Related Equipment) Remission Regulations. Definitions and interpretation 2(1) In these regulations: “Act” means The Provincial Sales Tax Act; “remission” means a remission of tax pursuant to these regulations; “tax” means the tax payable pursuant to the Act. (2) The definitions set out in the Act and the regulations made pursuant to the Act apply for the purposes of these regulations. 15 Sep 2023 c F13.4 Reg 48 s2. Remission 3 Subject to section 4, every purchaser is granted a remission of the full amount of tax on the purchase, during the period commencing on April 1, 2017 and ending on March 31, 2023, of all or any of the following: (a) pipe racks; (b) structures that are used to house any of the following related equipment: (i) circulating systems (mud pump, mixer and tank); (ii) blowout prevention systems (blowout preventer and manifold), including system controls; (iii) boilers; (iv) shale shakers and shaker tanks; (v) engine and generator sets that power drilling rigs or service rigs. 15 Sep 2023 c F13.4 Reg 48 s3. Application for remission 4(1) Subject to subsection (2), a purchaser who wishes to claim a remission pursuant to section 3 shall: (a) apply to the minister in a form satisfactory to the minister; and (b) provide the minister with information to establish to the minister’s satisfaction: (i) that the purchaser is entitled to the remission; and (ii) the amount of the remission. 4 F-13.4 REG 48 DRILLING RIG (2) An application pursuant to subsection (1) must be received by the minister on or before March 31, 2025. 15 Sep 2023 c F13.4 Reg 48 s4. Payment of remission 5(1) Subject to subsection (2), if the minister grants a remission pursuant to section 3, the minister shall pay the amount of the remission to the purchaser. (2) If a purchaser is eligible to receive a remission of tax but has an outstanding debt due and owing to the Crown, the minister may: (a) if the debt is equal to or greater than the amount of the remission, apply all of the remission towards the satisfaction of the purchaser’s debt; or (b) if the debt is less than the amount of the remission, apply that portion of the remission that is required to satisfy the purchaser’s debt, and pay any remainder of the remission to the purchaser. 15 Sep 2023 c F13.4 Reg 48 s5. Overpayment 6(1) The minister may declare any or all remissions granted to a purchaser pursuant to these regulations to be an overpayment if, in the minister’s opinion, the purchaser: (a) has knowingly made a false or misleading statement with respect to a material fact on any form or in any information or record provided to the minister pursuant to these regulations; (b) has omitted to make a statement to the minister or to provide any information or record to the minister, and that omission results in a statement with respect to a material fact being misleading; or (c) has failed to comply with these regulations. (2) If the minister declares a remission of tax to be an overpayment, the amount of the overpayment is deemed to be a debt due and owing to the Crown in right of Saskatchewan and may be recovered from the purchaser in any manner authorized pursuant to The Financial Administration Act, 1993, The Revenue and Financial Services Act or in any other manner authorized by law. 15 Sep 2023 c F13.4 Reg 48 s6. Coming into force 7 These regulations come into force on the day on which they are filed with the Registrar of Regulations. 15 Sep 2023 c F13.4 Reg 48 s7. REGINA, SASKATCHEWAN Printed by the authority of THE King’S PRINTER Copyright©2023