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Canada Newfoundland raises HST to 15% 2016

  • GST
  • 02 August 2015 | Richard Asquith

Canada Newfoundland raises HST to 15% 2016

The Canadian province of Newfoundland and Labrador is to increase its Harmonized Sales Tax (‘HST’) rate from 13% to 15% on 1 January 2016.

Canadian HST is made up of local Provincial Sales Tax (PST) and federal Goods & Services Tax (GST). Newfoundland is increasing its PST rate from 8% to 10%. The GST rate will remain at 5%.

The new rate should be applied at the earliest of the following points:

  1. The date of the issued invoice
  2. If there is an unjustified delay in the issuing of the invoice, then the date the invoice should have been produced
  3. The date any consideration is paid

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.