Quebec to tax some tech firms

Image
AFP Montreal
Last Updated : Mar 28 2018 | 1:00 PM IST

Quebec will start applying a sales tax to some internet companies such as Netflix and AirBnb starting in 2019, the government of the French speaking province has said.

But only internet platforms selling "intangible goods or services" will be obliged to pay the provincal sales tax set at 9.975 percent, according to the 2018-2019 budget presented by the Liberal government of Premier Philippe Couillard.

Foreign platforms will have to register in Quebec in order to sell their services to the people of Quebec.

Starting January 1, 2019 these companies will have to assess this provincial tax and pay it to the government.

Companies that are Canadian but based outside Quebec will have to do so starting September 1 of next year.

Online retailers such as Amazon will be spared.

Canada is waging a campaign against tax dodging by big online companies. The federal government said recently it wanted to go after internet giants, although it did not say when.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 28 2018 | 1:00 PM IST

Next Story