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Mining in Saskatchewan — PST refund opportunity
Mining in Saskatchewan — PST refund opportunity
Mining companies may be eligible to claim a refund of retroactive provincial sales tax (PST) paid on certain drilling related services in Saskatchewan
Mining companies may be eligible to claim a refund of retroactive provincial sales tax (PST) paid on certain drilling related services in Saskatchewan. The province’s Ministry of Finance recently announced that, effective December 1, 2019, drilling services related to certain exploration and specified mine site drilling are exempt from PST. Further, Saskatchewan has indicated that certain downhole servicing or repairs are also exempt from PST as of this date. As a result, companies that have paid PST for such drilling services performed since December 1, 2019 should prepare an application to claim a refund.
Download this edition of the TaxNewsFlash to learn more.
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