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Saskatchewan updates PST relief measures for businesses

Saskatchewan updates PST relief measures for businesses

Saskatchewan makes key clarifications about its PST relief measures

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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:

  • Monthly filers may defer payment of amounts due for February, March and April 2020 reporting periods to July 31, 2020
  • Quarterly filers may defer payment of amounts due for the January 1, 2020 to March 31, 2020 reporting period to July 31, 2020
  • Businesses are not required to submit a request for relief from penalty and interest charges for these returns.

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 sasktaxinfo@gov.sk.ca.

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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