New PST Exemptions for Mining Equipment and New Mine Allowance Extended in BC Budget 2020
FOR IMMEDIATE RELEASE
Vancouver, B.C. – The Mining Suppliers Association of British Columbia (MSABC) welcomes a new Provincial Sales Tax (PST) exemption for machinery and equipment purchased for pollution control and waste management in addition to an extension of the New Mine Allowance to 2025 in Budget 2020.
Budget 2020 allows mining operations to obtain machinery and equipment used for pollution control and waste management without paying PST, regardless of where the machinery will be used. “Previously, this exemption was subject to location constraints which meant that some pollution control equipment used further away from a mill or pit, for example, was not exempt from PST,” said Mike Abbey, Area Sales Manager for Johnson Controls and Chair of MSABC. “A mining operation can now purchase water treatment equipment to treat water at a location a significant distance away from their primary operations, without being charged PST on that purchase” added Abbey. [...]