Foreign and non-resident companies doing business in Puerto Rico accounted for 10 percent of fiscal 2011’s General Fund collections, which reached more than $8.1 billion, preliminary results offered Wednesday show.
General fund collections reached $625 million in May, representing an increase of $88 million, or 16.4 percent when compared to the same month in 2010, the Treasury Department said Monday.
Sales and use tax collections remain steady during the first 10 months of the current fiscal year, a pattern Treasury Department Secretary Jesús Méndez said is the result of several measures the administration has implemented ...