The Taxation of Utilities and Cable Television Companies Act gives the authority to a council to charge utilities and cable television companies a municipal business tax at a rate of not more than 2.5% of a company's gross revenue for the previous year. The legislation also establishes a provincial business tax on utilities and cable television companies that provide services in unincorporated areas of the province.
The provincial business tax is also based on a company's gross revenue from the previous year.
The current provincial rates are as follows:
Utilities tax is administered by the province.
For more information about corporate income taxes in Newfoundland and Labrador, please contact the Tax Administration Division.
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