Many online marketplace facilitators will have to collect British Columbia's 7% provincial sales tax (PST) starting July 1, 2022. Under this change, which was announced in British Columbia's 2022 budget, online marketplace facilitators must register and collect PST on many of the taxable sales facilitated through their marketplaces. In addition, affected facilitators and certain other entities will also have to collect PST on certain online marketplace services starting July 1, 2022.
As a result of these changes, online marketplace facilitators and other affected entities that are subject to the new PST rules must identify all affected sales and ensure their systems are updated to collect and remit the sales tax as required.
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