The improved SURI procedure is for excise taxes on gas and diesel oils. #NewsIsMyBusiness
Puerto Rico Gov. Alejandro García-Padilla signed Thursday the law that approves a 68 percent increase in the excise tax over crude oil and its derivatives to $15.50 from $9.25 per barrel, expected to take effect immediately.
The Treasury Department pumped $731 million into the government’s General Fund last month, or $216 million more than what it collected during January 2011. The 42 percent hike was fueled by income and excise taxes, Treasury Secretary Jesús Méndez said Thursday.
NIMB ON SOCIAL MEDIA