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,” […]
Puerto Rico Treasury Secretary Francisco Parés-Alicea issued a call to self-employed individuals and services companies to review the “Optional Contribution” as an alternative when filing this year’s tax return. “This is one of the major changes approved in the 2018 Tax Reform and an alternative that could facilitate compliance with tax obligations in a simpler […]
Preliminary net revenues to Puerto Rico’s General Fund in August and September totaled $773.6 million and $985.5 million, respectively, Treasury Secretary Francisco Parés-Alicea announced. This reflects a year-over-year revenue increase of $103.3 million in August and $152.5 million in September. “The first quarter ended with revenues that totaled $2.8 billion. Compared to the same period […]
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