The B.C. Government will go ahead with two planned tax changes that were delayed due to the Covid-19 pandemic.
The tax changes will go into effect on April 1 and will include the elimination of the provincial sales tax exemption for carbonated beverages that contain sugar, natural sweeteners or artificial sweeteners. As well as the addition of new PST registration and collection requirements for e-commerce businesses located outside of B.C.
The move to tax sweetened carbonated beverages is one that is supported by health professionals due to the health costs and impacts of sweetened drinks. The tax will apply to all beverages that are dispensed through soda fountains, soda guns and similar equipment. This will also include sodas dispensed through vending machines.
All sellers of digital software and telecommunication services wil lbe required to collect PST on sales to customers in B.C. if they have renues of more than $10,000. As part of the new requirements vapour products will be required to register to collect PST on all online or mail-order sales to B.C. customers.
The government will also be opening applications for two tax benefits. These tax benefits include a temporary PST rebate on select machinery and equipment, and a refundable tax credit for employers
Applications will open in the coming weeks.
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