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Question and Answers

PayPal transactions and GST

Question

 A client receives some of its payments via Paypal. It is GST registered on the sales it makes.

Would the deduction/payment to Paypal include GST or would it be exempt for GST purposes.

Answer

 We would expect the payment to Paypal to be a financial service therefore exempt. We would recommend this be confirmed with Paypal.

GSTJack WiltonFinancial Services
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