FNTC Bulletin: 2016 Annual Laws

Press Release

April 8, 2016

The Annual Laws Bulletin is issued by the First Nations Tax Commission (FNTC) to assist First Nations and their tax administrators in the development and submission of annual laws made under the First Nations Fiscal Management Act (FMA). In 2016, there are changes to the annual law process, arising out of amendments to the FMA (which came in force on April 1, 2016), and changes to the FNTC Standards for rates and expenditure laws.

The FNTC encourages First Nations to consult as early as possible with an FNTC advisor for an update on the changes for 2016, and to obtain technical comments on draft laws. These comments can help ensure the laws are consistent with FMA requirements, and will prevent errors in the laws before they are submitted for Council approval.

Read More: http://fntc.ca/bulletin-2016-annual-laws/

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