What is the difference between PST and QST?
The Canadian sales taxes include the Provincial Sales Tax (PST), the Quebec Sales Tax (QST), the Goods and Services Tax (GST), and the Harmonized Sales Tax (HST) which is a combination of the provincial sales tax portion and the GST in some provinces.
What are QST taxes?
Discussion: In Québec, the provincial sales tax is called the Québec Sales Tax (QST). Just like the GST, QST is charged and collected on most goods and services and when QST is paid it can be claimed back on your QST return. The QST rate is 9.975%.
What products are taxed?
Retail sales of tangible items in California are generally subject to sales tax. Examples include furniture, giftware, toys, antiques and clothing. Some labor service and associated costs are subject to sales tax if they are involved in the creation or manufacturing of new personal property.
Where does QST apply?
Under new measures announced in the Quebec 2018 budget, Canadian businesses outside of Quebec and businesses in foreign countries that sell taxable supplies in Quebec will be required to register and collect QST where they earn $30,000 a year in revenue from certain Quebec customers.
Do I have to charge QST?
Specified system. Once you are registered under the specified QST system, you are required to collect the tax at the rate of 9.975%, and remit it to us, when you make certain taxable supplies, other than zero-rated supplies, of property or services in Québec to specified Québec consumers.
What products are taxed the most?
General fund excise taxes are imposed on many goods and services, the most prominent of which are alcohol, tobacco, and health insurance.
When should QST be charged?
Under the specified system, you are required to report and remit any QST collected within one month after every quarter of the calendar year.
Which supplies are subject to GST and QST?
Supplies that are subject to 5% GST and 9.975% QST include the following: sales of printed books that have an International Standard Book Number (ISBN) (the sales are subject only to 5% GST).
What is specific tax in the Philippines?
On goods manufactured or produced in the Philippines for domestic sale or consumption or for any other disposition; and On goods imported. Specific Tax – refers to the excise tax imposed which is based on weight or volume capacity or any other physical unit of measurement
What are the taxes in the Philippines when someone dies?
List of Taxes & Rates in the Philippines. Estate Tax – Philippines Estate Tax is a tax on the right of the deceased person to transmit his/her estate to his/her lawful heirs and beneficiaries at the time of death and on certain transfers which are made by law as equivalent to testamentary disposition.
What are VAT exempt transactions in the Philippines?
What are VAT Exempt Transactions in the Philippines? After reading this article, you will know if your transaction is VAT Exempt. A. Sale or importation of agricultural, livestock, poultry, and marine food products in their “original state”, Provided, that the food is generally used for human consumption.