Vendors — Prepare now to meet Luxury Tax requirements Vendors — Prepare now to meet Luxury Tax requirements Vendors — Prepare now to meet Luxury Tax requirements

​Finance has now released draft legislation for this new tax regime that outlines obligations for vendors, importers and purchasers of certain vehicles, boats and aircraft as well as administrative and transition rules. Finance has also clarified that the new tax will generally apply after August 2022. Finance will accept comments on this legislation until April 11, 2022.

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