Puerto Rico residents will get the chance to save some money on back-to-school purchases during a tax-free weekend July 13-15, Treasury Secretary Jesús F. Méndez said.
By law, the Treasury Department is required to establish an annual three-day tax-free period during the month of July when certain items purchased for the school year are exempted from the Sales and Use Tax.
Among the articles included are: clothing; computers; tablet computers; school items; and college and school textbooks.
“Every year, the consumer anticipates this tax-free period to make their back-to-school purchases, so we hope to benefit them by providing savings, as well as generate economic movement, as hundreds of businesses experience an increase in sales during this period,” Méndez said.
Business reporter with 25 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other areas of the economy.
Can we count on you?
As recent events have shown us, independent and responsible journalism is more important than ever. That’s why your support is very necessary to ensure that we will be around for a while!
We want to stay true to our mission of delivering quality journalism…for that, we count on your support. Every contribution, big or small, is greatly appreciated!