Prepared foods temporarily exempt from Puerto Rico’s sales tax
March 20, 2020
Puerto Rico Gov. Wanda Vázquez announced that Treasury Secretary Francisco Parés passed an administrative order exempting prepared foods from the island’s sales tax, effective today through April 19, 2020. “This is an additional measure that’s taken in favor of all citizens in the face of the health emergency that we are facing due to COVID-19,” […]
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Commonwealth-COFINA bondholders disclose agreement to end dispute
June 8, 2018
Sales Tax Financing Corp. bondholders submitted an Agreement in Principle in the U.S. District Court in Puerto Rico, potentially ending its dispute with the island’s government.
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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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