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What (who) is multi sales tax - definition
Provincial Sales Tax; Quebec Sales Tax; Sales tax in Canada; Provincial sales tax
sales tax
TAX PAID TO A GOVERNING BODY FOR THE SALES OF CERTAIN GOODS AND SERVICES
Sales Tax; Sales taxes; Sales Taxes; National Sales Tax; National sales tax; Retail sales tax; Indirect business tax; General sales tax
(sales taxes)
The sales tax on things that you buy is the amount of money that you pay to the national government, or, in the United States, to the local or state government. (BUSINESS)
N-VAR
Sales tax
TAX PAID TO A GOVERNING BODY FOR THE SALES OF CERTAIN GOODS AND SERVICES
Sales Tax; Sales taxes; Sales Taxes; National Sales Tax; National sales tax; Retail sales tax; Indirect business tax; General sales tax
A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase.
Sales tax audit
A sales tax audit is the examination of a company’s financial documents by a government's tax agency to verify if the proper amount of sales tax has been remitted to the proper authority. Bob Meighan, writing for Huffington Post, stated that "only 1.
Wikipedia
Sales taxes in Canada
In Canada, there are two types of sales taxes levied. These are :
- Provincial sales taxes (PST), levied by the provinces.
- Goods and services tax (GST)/harmonized sales tax (HST), a value-added tax levied by the federal government. The GST applies nationally. The HST includes the provincial portion of the sales tax but is administered by the Canada Revenue Agency (CRA) and is applied under the same legislation as the GST. The HST is in effect in Ontario, New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island.
Every province except Alberta has implemented either a provincial sales tax or the Harmonized Sales Tax. The federal GST rate is 5 percent, effective January 1, 2008.
The territories of Yukon, Northwest Territories, and Nunavut have no territorial sales taxes, so only the GST is collected. The three northern jurisdictions are heavily subsidized by the federal government, and their residents receive some additional tax concessions due to the high cost of living in the north.
