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  • PRRT record keeping

    An entity that has an interest in an exploration permit, retention lease or petroleum project needs to keep records of its PRRT affairs.

    Record-keeping requirements for PRRT purposes are broadly similar to those under other tax laws we administer.

    As PRRT is assessed on a project basis, an entity should keep separate records for each of its interests. These records are needed to work out the current or future PRRT liability for those interests.

    See also:

    Last modified: 24 Nov 2016QC 37580