Tax

    GST (Goods and Services Tax)

    A broad consumption tax used in Canada, Australia, India, and other countries.

    Definition

    Functionally similar to VAT. Canada uses GST federally with provincial PST or combined HST; Australia uses a flat 10% GST. Glo Invoice supports multi-jurisdiction tax rates.

    Related terms

    VAT (Value-Added Tax)

    A consumption tax used outside the US, levied at each stage of production.

    Sales tax

    A tax on the sale of goods (and sometimes services) collected from the customer at checkout.