Canada: Filing of annual information return for provincial sales tax by online marketplace facilitators
Online marketplace facilitators required to file annual information for British Columbia’s provincial sales tax return by no later than 31 August 2023
Filing of annual information return for provincial sales tax
Qualifying online marketplace facilitators will be required to file their first annual information return for British Columbia’s provincial sales tax (PST) for the period of 1 July 2022 to 30 June 2023, by no later than 31 August 2023.
Online marketplace facilitators may need to update their systems to capture all the information required to file this new return, starting from 1 July 2022. Even though the annual information return is not yet available, the return may require online marketplace facilitators to report specific information, including details related to each online marketplace seller, according to recently updated guidance.
Background
British Columbia announced new PST registration obligations for online marketplace facilitators and certain other entities in its 2022 provincial budget. Read TaxNewsFlash
In general, the new PST rules require entities that meet that statutory definition of “online marketplace facilitator” to collect and remit PST on retail sales of taxable goods sold by online sellers through their electronic marketplaces, as well as on certain newly taxable services rendered by the online marketplace facilitators (and certain other entities) to the online sellers.
Read a September 2022 report [PDF 182 KB] prepared by the KPMG member firm in Canada
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