The Department of Economic Development and Commerce and the Treasury Department have reached an agreement so that those people who do business individually and have employees may receive an economic incentive of up to $1,500 — the same as a small and medium-sized company — to compensate for losses related to the COVID-19 emergency. The […]
Puerto Rico Treasury Secretary Francisco Parés announced the approval of provisions on qualified payments for aid that employers grant to their employees, and special Retirement Plans and Individual Retirement Accounts cash-outs, given the state of emergency caused by the COVID-19 outbreak. He said the benefits are outlined in the documents, exempting employers from paying taxes […]
Puerto Rico Treasury Secretary Francisco Parés announced that starting Monday and through May 1, individuals who are self-employed will be able to request the $500 economic incentive announced by the governor, through the agency’s Unified Internal Revenue System (SURI, in Spanish). “Following the Strategic Plan to reactivate the economy, announced by Gov. Wanda Vázquez, on […]
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