Puerto Rico Treasury Secretary Francisco Parés announced the approval of provisions on qualified payments for aid that employers grant to their employees, and special Retirement Plans and Individual Retirement Accounts cash-outs, given the state of emergency caused by the COVID-19 outbreak. He said the benefits are outlined in the documents, exempting employers from paying taxes […]
Gov. Wanda Vázquez over the weekend signed off on an economic aid package for Puerto Rico’s individuals and businesses whose finances have been affected by a lockdown and 24/7 curfew in effect since Mar. 15, to contain the coronavirus COVID-19 spread. The first $500 million in assistance from the Emergency Measure Support Package that will […]
Two of Puerto Rico’s main banks unveiled different measures over the weekend to help customers whose finances have been affected by the lockdown and mandatory curfew in place since Mar. 15, offering moratoriums and online help. FirstBank announced automatic stays on loan payments, offering qualifying clients the benefit for the months of April, May and […]
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