The Puerto Rico Treasury Department has launched a series of embargoes on local businesses that have not been remitting collected Sales and Use Tax (“IVU”, for its Spanish acronym) to the government, nor their employees’ tax retentions.
The Puerto Rico Society of Certified Public Accountants will host a seminar on how the island’s economic scenario will affect the insurance sector, which is expected to take a hit from the government’s debt restructuring process.
Effective this week, the team of former Rodríguez & Luis CPAs, a firm with more than 15 years of experience providing particularly advisory and tax services, is joining Kevane Grant Thornton, adding technical experience and expertise to its workforce.