Treasury Secretary Teresita Fuentes confirmed that the agency’s Administrative Determination No. 17-19 regarding the non-applicability of the Sales and Use Tax (SUT) to certain donations continues in force.
Net revenues collections for the commonwealth’s General Fund totaled $670.3 million in August 2018.
The Puerto Rico Treasury Department will disburse an additional $50 million to benefit employers affected by Hurricanes Irma and María.
Puerto Rico Gov. Ricardo Rosselló announced several changes in his cabinet, including the appointment of Raúl Maldonado as chief of staff and Ricardo Llerandi as deputy chief of staff.
Puerto Rico Gov. Ricardo Rosselló confirmed that the federal government, through the Federal Emergency Management Agency (FEMA), signed the agreement to have access to Community Disaster Loans.
In recent weeks, two Puerto Rico government entities have sent out letters to medicinal cannabis clinics, as well as physicians, imposing conditions that could negatively affect the growing sector, this media outlet confirmed.
In upcoming years, the term “debt forgiveness” will become a common phrase among individuals, proprietorships, and businesses in Puerto Rico, but not for a good reason.
The government of Puerto Rico will go broke by Oct. 31 unless the U.S. Department of Treasury approves an injection of between $4 billion and $6 billion that the local Treasury Department has requested.
Treasury Secretary Raúl Maldonado-Gautier announced that net revenues recorded to the General Fund in July, when Fiscal Year 2017-18 began, totaled $649.4 million.
Puerto Rico’s net revenue recorded to the General Fund for Fiscal 2017 (July-June) exceeded $9.3 billion, representing a $159.6 million, or 1.7 percent, increase when compared to Fiscal Year 2015-16, Treasury Secretary Raúl Maldonado-Gautier said Thursday.
Of all the atrocious ideas I have heard in the past few years, and there have been plenty, none is more poisonous and counterproductive than the announcement that the Treasury Department is planning to significantly increase taxes to self-employed people.
Net revenues recorded to the General Fund totaled $708.8 million in May, with fiscal year-to-date (July-May) revenues reaching $8.3 billion, Treasury Secretary Raúl Maldonado Gautier said Tuesday.
Members of the House and Senate Treasury Commissions began Wednesday public hearings on the proposed budget for the 2017-2018 fiscal year, which exceeds $9.5 billion, outlined in Joint House Resolutions 186 and 187.
The Puerto Rico Treasury Department reported Thursday that net revenues recorded in the General Fund in March totaled $994.4 million, which was $64.7 million, or 7.0 percent, more than in March 2016
The Puerto Rico Treasury Department unveiled Monday a new initiative called the “Taxpayer Rehabilitation Program,” to encourage citizens to meet their tax responsibilities by granting payment plans.
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