Lisa Book Keeping
GST/HST for digital economy businesses New Measures
|Posted on 15 June, 2021 at 0:05|
I want my post in colourful as stay in Summer:)
As of July 1, 2021, digital economy businesses, including distribution platform operators, may have potential goods and services tax/harmonized sales tax (GST/HST) obligations under three proposed measures that were announced by the Government of Canada. This means you may have new obligations, including registering for, and charging and collecting the GST/HST.
…the CRA will take a practical approach to compliance and exercise discretion in administering these measures during a 12-month transition period, starting July 1, 2021.
You will be able to apply to register starting June 21, 2021.
The new rules for non-resident digital economy businesses are proposed to start on July 1, 2021.
Find out if you need to register for the GST/HST
Please go to CRA's website to find out your GST obligations by click the link below