Apple Tells Booksellers About PST Changes in B.C.
Apple sent a reminder detailing the change to booksellers via email on Tuesday. The company now collects and remits the PST to B.C.’s Ministry of Finance on each seller’s behalf. Previously, the tax was collected by the sellers themselves and not the marketplaces they sell on.
The change, which took effect on July 1, 2022, makes things easier for B.C.-based sellers. They no longer have to register for PST in the province if they don’t carry out any taxable activities other than retail sales on marketplaces like Apple Books.
Apple told sellers that, starting in August, they will see PST charges in their tax on commission statement in the Payments and Financial Reports section of iTunes Connect. iTunes Connect is a platform used by sellers to manage the songs, books, and movies they market through iTunes and Apple Books.
You can check out Apple’s full email below, courtesy of 9to5Mac:
In accordance with tax regulations in British Columbia, as of July 1, 2022, remittances for sales on the Book Store in Canada are reduced by a 7% provincial sales tax (PST) on Apple’s commission for publishers based in British Columbia. Apple Canada collects and remits the tax to the Ministry of Finance in British Columbia on your behalf. Starting in August, this tax will appear on your tax on commission statement in the Payments and Financial Reports section of iTunes Connect.
Please note that the PST is in addition to the 5% goods and services tax (GST) that’s currently deducted from your commission.
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