The Resource Development Division of the Ministry of Energy and Resources is consulting with stakeholders on proposed new regulations that will modernize interest charges assessed on late payments of royalties, rents, taxes and other fees owing to the Crown pursuant to The Crown Minerals Act (CMA) and The Mineral Taxation Act, 1983 (MTA). The proposed new regulations include:
- The Late Payment Interest Charges Regulations which will be established under the CMA to repeal and replace The Delayed Payment Charge Regulations, 1970; and
- The Mineral Taxation Late Payment Interest Charges Regulations, to be established under the MTA.
Further details on the proposed new regulations may be found at Notice of Proposed New Regulations w. Appendices 1 & 2.
Please submit feedback on the proposed new regulations to the ER Service Desk at email@example.com by August 13, 2020.