Implications of the Zero-rating Provisions for Intangibles Supplied to Non-residents |
 | With the evolution of the Internet, we have seen a significant increase in the number of supplies of intangible personal property. From a GST perspective, this has been problematic, particularly when an intangible was supplied to a nonresident of Canada since the zero-rating provisions initially only applied to supplies of intellectual property. However, on March 20, 2007, the zero-rating provisions for supplies of intangibles to non-residents were broadened significantly. The objective of this session is to provide an understanding of the application of the revised zero-rating provisions that are now available for exports of intangible personal property in comparison with the rules that previously existed. This session begins by defining an "intangible" and providing a number of common examples of intangibles being supplied today. In addition, the presentation contains a thorough discussion of the evidentiary requirements a supplier must obtain to support zero-rating supplies of intangibles to non-residents of Canada. After this session, you will understand what an intangible is, the zero-rating provisions that are currently available for supplies of intangibles made to non-residents of Canada, and what steps a supplier must take to ensure that any zero-rating provided to non-residents is not denied on audit. |
2008 Commodity Tax Symposium, September 22-24, 2008, Ottawa, ON Audio synchronized to PowerPoint presentation: 25 slides, length 1:00:22 Technical Paper: 36 pages |
