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With the growth of the global economy is going digital, is already digital!   

by | Dec 9, 2017 | Globalization Trade

 

 

  • Finally in Canada, the holding exploratory talks from January to March 2017 were in progress at the Federal-Provincial Committee on Taxation which examines the issue between the federal and provincial governments regarding cross-border e-commerce in Canada, to legislate to restore the current tax inequity that represents the non-taxation of certain goods and services but also to give more accountable to the merchant/exporter’s business that has its street address in one of the provinces and territories in Canada for the collection of sales taxes (GST/HST including QST in Quebec) on behalf of tax administrations (Canada Border Services Agency, Canada Revenue Agency and Revenu Québec) when purchasers are located in Canada, the US and the EU ;

 

  • In addition, according to Me Marwah Rizqy, a professor of tax law at the Department of Taxation at the Université de Sherbrooke (Québec), said to have made a proposal. The best approach is the taxation at source that will be made by ” Payment Service Providers (PSPs) such as Apple Pay or PayPal, Buyster, BillMeLater, Optimal Payment, etc., as well as credit cards, Interac such as VISA, MasterCard, American Express, bank accounts, etc., to retain a fixed percentage that will be paid to the tax authorities ’’[1]. These are all institutions that collect data and who specifically know the address of the purchase and the amount that was invoiced ;

 

  • These payment service providers who are also involved as stakeholders in an online sale transaction for retail e-commerce (E-Commerce/E-Business), which has become a must for Canadian bricks-and-mortar retail businesses to have a good Internet presence whether for sale to industrial customers or end consumers in the context of the digital globalization of economies. With the growth of the global economy is going digital, is already digital!

[1]© Copyright 2017. Maxime Bertrand ‘’Ventes sur Internet : un équilibre à rétablir pour les commerçants et pour l’État. Radio Canada. All Rights Reserved. Published on Tuesday January 17, 2017. Page consulted on Monday January 23, 2017. http://ici.radio-canada.ca/nouvelle/1011444/commerce-internet-equilibre-commercants-etat-taxes-tvq-taxation-loi