Saskatchewan makes key clarifications about its PST relief measures
Saskatchewan updated and reposted its PST relief measures for businesses on April 2, 2020. These measures are intended to support Saskatchewan businesses that are unable to submit their PST returns due to cash flow concerns related to COVID-19.
The province made the following clarifications in its information notice, "Notice to Businesses Regarding Penalty and Interest on Late Returns due to COVID-19":
Those who are able must file their tax returns each month/quarter (with or without payment). The following automatic deferrals are available:
Qualifying for automatic PST deferral
The notice stipulates that to qualify for the automatic PST deferral and waiver of penalties and interest, businesses must make full PST payments or have a payment arrangement in place by July 31, 2020. Taxpayers may request payment arrangements by submitting a request electronically through the Saskatchewan eTax Services (SETS) located at sets.saskatchewan.ca, or through email at firstname.lastname@example.org.
Suspension of audit and compliance activity
The notice also states that audit program and compliance activities have been suspended.
For more information, contact your KPMG advisor.
Information is current to April 7. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500
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