Face­book, In­sta­gram to charge GST on on­line ads

The Peterborough Examiner - - Business | Classified -

Face­book and In­sta­gram will charge the goods and ser­vices tax on on­line ad­ver­tise­ments pur­chased through their Cana­dian op­er­a­tions, but other tech­nol­ogy gi­ants said they aren’t ready to fol­low suit just yet. The U.S.based so­cial me­dia net­works said they de­cided to ap­ply the taxes by mid-2019 in an ef­fort to “pro­vide more trans­parency to gov­ern­ments and pol­icy mak­ers around the world who have called for greater vis­i­bil­ity over the rev­enue as­so­ci­ated with lo­cally sup­ported sales in their coun­tries.” Ot­tawa has long faced pres­sure to force for­eign ser­vices to ap­ply sales taxes, but has shied away from the mea­sures to pre­vent small busi­nesses los­ing cus­tomers to larger firms based abroad.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.