Draft proposed consolidation of PST statute released

The BC government has released a draft consolidation of the provincial sales tax statute that would take effect April 1, 2013, subject to approval of the legislature, to help British Columbians and BC businesses with the re-implementation of the provincial sales tax.
 
The draft consolidation offers a preview of what the final PST act would generally look like, subject to approval by the legislature. Final amendments leading to the re-implementation of the PST are to be formally introduced to the legislature in February 2013. This provides one more tool to support businesses during their return to a PST plus GST tax system. Draft regulations that complete the legislative package will be released with or before the introduction of the amendments to the legislature. More than a dozen publications that provide plain-language guidance on the application of PST and related exemptions have been distributed through the fall. Recent publications include notices for the restaurant industry, telecommunications services, and services to tangible personal property. More notices will be released over the coming months. Consumers and businesses can also refer to an updated “What’s taxable, what’s not” guide covering many common goods and services. Information is available online at: www.gov.bc.ca/pst. The BC government is providing a wide range of tools and services to help businesses understand how the PST works and how to register using the new eTaxBC e-services option. Starting January 2, 2013, eTaxBC services are available for online registration, making compliance with the PST easier.