Transitional Rules Released for the Newfoundland and Labrador HST Rate Increase

Newfoundland and Labrador has released transitional rules relating to the upcoming increase in its Harmonized Sales Tax (HST) rate from 13% to 15%, effective July 1, 2016. The transitional rules provide a standard approach for determining the applicable tax rate for transactions that straddle the implementation date. Specific rules address various types of supplies, including tangible personal property, services, leases and licences, intangible personal property, and real property. The transitional rules generally require the new rate of 15% to be charged on invoices dated after June 30, 2016.

For more information, please see the link below:
Transitional Rules for the Newfoundland and Labrador HST Rate Increase