The Treasury Department has embraced the use of transfer pricing rules to assess the reasonability of those intercompany charges. #NewsismyBusiness
The public officials participated in courses that ran from May 2 through June 11. #NewsimyBusiness
The list of tax-free items includes a variety of goods that are useful in case of emergencies. #NewsismyBusiness
The Treasury Department opens the filing period with incentives and support for taxpayers. #NewsismyBusiness
Employers in Puerto Rico should be aware of these developments and should contact knowledgeable counsel with any questions. #NewsismyBusiness
The new proposal represents an agreement between the government, the legislature and the Financial Oversight and Management Board for Puerto Rico. #NewsismyBusiness
The Justice Department announced it will appeal the ruling on its joint investigation with the Treasury into the owners of Modern Home’s Gallery and JLGA Construction. #NewsismyBusiness
This report includes tax expenditures attributable to several Puerto Rico laws, including the Puerto Rico Incentives Code Act. #NewsismyBusiness
Credits for low-income seniors and pensioners are available to claim on the SURI platform until Oct. 16. #NewsismyBusiness
Sales under lay away plans, rain checks, by mail, telephone, email or Internet and gift certificates, qualify for the IVU exemption. #NewsismyBusiness
The entities signed an interagency agreement.
In November 2022, Puerto Rico’s inter-annual inflation was set at 6.3%.
This is the first time the Treasury Department will have a centralized system.
The nonprofit states it is still missing "important data" to determine the full benefit of the EITC.
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The deadline for submitting comments is Oct. 10. #NewsismyBusiness