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Small Business Guide to Provincial Sales Tax PST Rev Gov Bc Form

Small Business Guide to Provincial Sales Tax PST Rev Gov Bc Form

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provincial sales tax PST in British Columbia the provincial sales tax p in British Columbia BC Canada has been a significant aspect of the province's taxation system influencing both businesses and consumers alike introduction to the PST the PST is a consumption tax levied by the provincial government on the purchase or lease of taxable goods and services in British Columbia it operates alongside the federal Goods and services tax GST creating a combined tax system known as the harmonized sales tax HST in some provinces however BC reverted to a separate PST system in 2013 after a brief period of implementing the HST historical context the history of the PST in British Columbia dates back to its introduction in the early 1940s initially the tax was imposed on a limited range of goods gradually expanding over the years to cover a broader Spectrum of products and services various amendments and revisions have been made to the PST system throughout its history to adapt to changing

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