The Department of Finance of the Canadian province of Newfoundland and Labrador has announced that its Harmonized Sales Tax (HST) will be increased from 13% to 15% effective 1 January 2016. HST is comprised of the federal Goods and Services Tax (GST), which remains 5%, and the provincial GST, which is increased from 8% to 10%.
In general, the change applies for any supplies of goods or services where consideration has become due without having been paid, or is paid without having become due,…