Treasury backs bill to increase online sales tax uptake
March 28, 2017
The Puerto Rico Treasury Department favored Monday a bill that would give it the tools to Sales and Use Tax on sales of taxable products in Puerto Rico sold online by businesses without physical presence on the island.
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P.R. Treasury collects $776.6M, $7.4M below projections
March 21, 2017
Puerto Rico Treasury Secretary Raúl Maldonado said Monday that net revenues recorded in the General Fund totaled $776.6 million in February.
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Treasury: Medicinal cannabis could net $14M in revenue
March 15, 2017
A framework for the legal sale of medical cannabis would generate a new source of revenue for Puerto Rico, to the tune of $14 million a year in sales tax revenue for the Treasury Department, an agency official told lawmakers Tuesday.
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