The newly released rules provide further clarification on how PST will apply during the transition period immediately before and after implementation. This includes guidance surrounding:
- Invoices issued before October 1 for services provided afterward
- Services billed after October 1 where some work may have been completed earlier
- Situations where clients may need to self-assess PST if tax is not collected at the time of sale
Members who may be impacted are encouraged to begin preparing now for potential registration, invoicing, collection, and remittance requirements associated with the changes.
The Chamber also encourages businesses to review the available provincial resources carefully and consult directly with their accounting or tax advisors to better understand how these new rules may apply to their operations.
Additional information and official provincial resources can be found here:
BC Government – Notice to Professional Services Providers
BC Government PST Information and Resources