Foreign and non-resident companies doing business in Puerto Rico accounted for 10 percent of fiscal 2011’s General Fund collections, which reached more than $8.1 billion, preliminary results offered Wednesday show.
Sales and use tax collections remain steady during the first 10 months of the current fiscal year, a pattern Treasury Department Secretary Jesús Méndez said is the result of several measures the administration has implemented to shore up much-needed cash for the government.