This weekend, the eyes of the culinary world will be on Puerto Rico, with the start of Saborea Puerto Rico: A culinary extravaganza! For the fourth edition of the event, 55 local and international chefs as well as 60 local restaurants will gather on the beachfront Punta del Escambrón, in San Juan, to enjoy a weekend of food, drink and cooking exhibits.
On Thursday, News is my Business obtained a copy of the notice the Internal Revenue Service sent to the government of Puerto Rico with regards to the federal credit granted for the 4 percent excise tax that went into effect in January.
Local manufacturing companies subjected to the 4 percent excise tax imposed in January through Law 154 may want to breathe a sigh of relief, as the Internal Revenue Service has confirmed that they will be able to take a credit on their federal income tax returns for the amount paid in Puerto Rico.
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