Puerto Rico Treasury outlines ‘B2B’ tax exemption changes
July 5, 2013
The Puerto Rico Treasury Department announced Thursday it has issued a circular letter to guide retailers and service providers on changes in the Sales and Use Tax (IVU, by its initials in Spanish) exemption between business services, or "B2B", which took effect July 1.
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Taxpayers have choice of filing under new code, or as per 1994 provisions
April 10, 2012
On January 31, 2011, Puerto Rico enacted a new Internal Revenue Code (the “2011 Code”), which reformed the island's tax system, containing significant changes for individual and corporate taxpayers.
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