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T-0.1 - Act respecting the Québec sales tax
Section 541.26.1
Disposition versions
541.26.1. Where in a reporting period a person who is not resident in Québec, does not carry on a business in Québec, within the meaning of section 1, and is not a registrant, within the meaning of that section, is required under the fourth paragraph of section 541.25 to collect the tax or the particular amount in respect of the supply of an accommodation unit and where the consideration for the supply is expressed in a foreign currency, the value of the consideration for the supply must, for the purpose of rendering an account of the tax or the particular amount under section 541.26, unless the second paragraph applies, be converted into Canadian currency using the exchange rate applicable on the last day of the reporting period or any other conversion method acceptable to the Minister.
A person to whom the first paragraph applies may elect to render an account of the tax or the particular amount, for a reporting period, in a prescribed foreign currency. In such a case, the amount to be remitted to the Minister by the person for the reporting period must be remitted in that same prescribed foreign currency.
Where a person elects under the second paragraph to render an account of the tax or the particular amount, for a reporting period, in a prescribed foreign currency and the value of the consideration for the supply of an accommodation unit is expressed in another foreign currency, the value of the consideration must be converted into the prescribed foreign currency using the exchange rate applicable on the last day of the reporting period or any other conversion method acceptable to the Minister.
For the purposes of this section, the conversion method used by a person for the purpose of rendering an account to the Minister of the tax or the particular amount for a reporting period and of remitting it to the Minister must be used consistently for at least 24 months.
Division II of Chapter I of Title I applies for the purpose of determining whether a person is resident in Québec.
