Retailers — Coping with the Changing HST Environment
Retailers — Changing HST Environment
Retailers in Canada are contending with the latest round of indirect tax rate changes, including HST tax rate increases in several provinces.
Retailers in Canada are contending with the latest round of indirect tax rate changes, including HST tax rate increases in New Brunswick, Newfoundland and Labrador and Prince Edward Island.
These changes add to an already wide range of indirect tax challenges that retailers must meet in their daily operations. As retailers’ activities evolve with new products, expanding markets, new forms of payment and ever changing reward programs, the related sales tax issues around these activities also become more complex. With one or more indirect taxes applying to most retail transactions, any errors in systems and sales processing can multiply quickly and become very expensive if not addressed in time.
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