New tax model for P.R. seeks to spur employment, economic development
April 16, 2018
Puerto Rico Gov. Ricardo Rosselló submitted his vision for a new tax model to the island’s Legislative Assembly aimed at encouraging work and create economic development through changes to the Internal Revenue Code.
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COFINA constituents call out gov’t inaccuracies related to IVU collections
March 16, 2018
A group of Puerto Rico Sales Tax Financing Corp. (known as COFINA in Spanish) stakeholders expressed concern about the government’s alleged release of inaccurate information about Sales and Use tax (SUT) collections.
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Rosselló announces tax cuts, salary increases in State of the Commonwealth address
March 6, 2018
During his second State of the Commonwealth address since taking office, Puerto Rico Gov. Ricardo announced a new tax model to phase out the Business to Business (B2B) and plans to cut the Sales and Use Tax on processed foods from 11.5 percent to 7 percent.
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