Retail sales reported by Puerto Rico’s commercial establishments during the January to December 2015 period reflected a 1.42 percent year-over-y
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Editor's note: A Monday story on the upcoming switch from a Sales and Use Tax (SUT, or IVU in Spanish) to a Value Added Tax (VAT, or IVA) and the
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On April 1, Puerto Rico will adopt a Value Added Tax (VAT) system and the island's advertising industry will fall in line with other business sect
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Since going into effect last October, the Sales & Use Tax (SUT) on business-to-business (B2B) services has generated $26.4 million, the Puerto
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The Puerto Rico Government Development Bank (GDB) warned Gov. Alejandro García-Padilla that without an approved tax reform and a budget adjusted
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The strategy set forth by Gov. García-Padilla’s administration to try shore up liquidity for the Government Development Bank for Puerto Rico th
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Several prominent Puerto Rican economists urged lawmakers on Monday to exempt educational institutions from the proposed 16 percent value-added ta
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Tax Credits International Inc. announced Wednesday the establishment of its world headquarters in Humacao, on Puerto Rico’s eastern end. TCI is p
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Government Development Bank President Melba Acosta announced Thursday the filing of legislation containing measures to improve the fiscal and fina
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On the heels of its legal victory last week, Doral Financial Corp.’s Economic Advisor Robert Shapiro on Monday urged the government of Puerto Ri
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