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Manitoba — Prepare for RST Reduction Transitional Rules

Manitoba — Prepare for RST Reduction Transitional Rules

Certain businesses that do business in Manitoba will be affected by the province’s Retail Sales Tax (RST) rate reduction.

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Certain businesses that do business in Manitoba will be affected by the province’s Retail Sales Tax (RST) rate reduction to 7% (from 8%) effective July 1, 2019. Now that Manitoba has released transitional rules for this upcoming rate change, businesses should prepare to make any needed changes to their systems and processes, among other important considerations. The transitional rules, which are summarized below, specify how the RST will apply to certain goods and services purchased before or after July 1, 2019, or for purchases that straddle that date.

Download this edition of the TaxNewsFlash to learn more.

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