10% WITHHOLDING EXEMPTION FOR THE YEAR 2022
Since the beginning of 2019, any person engaged in doing business in Puerto Rico and paying for rendered services to another person must deduct and
2021-12-14
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Since the beginning of 2019, any person engaged in doing business in Puerto Rico and paying for rendered services to another person must deduct and
The Treasury Department (TD) issued Internal Revenue Informative Bulletin 21-06 to inform that the Model SC 2921-Debt Certification on Sales and Use Tax has
The Treasury Department (TD) issued its Internal Revenue Circular Letter No. 19-14 (CC RI 19-04) to inform on the content and procedures related to
Law 60 of July 1, 2019, Law 60-2019, stipulates that any entity that either provides or pays for telecommunications, internet, satellite, or cable TV
On December 10, 2018, Law No. 257, known as the “Tax Reform”, was approved. It has brought significant changes in the items to be
In response to multiple requests from employers that wish to obtain the benefit for the retention of employees post the 2017 hurricanes, the
According to what is established by the Puerto Rico Internal Revenue Code that exempts school uniforms and supplies from paying Sales and Use Tax
Moving to Puerto Rico does nothing to shelter previous appreciation/loss capital gains/loss Determining how to split a capital gain between appreciation/loss that happened
In this issue: As part of the implementation of Law No. 257 of December 10, 2018, known as Tax Reform, the Treasury Department (TD)
In this issue: On its Internal Revenue Informative Bulletin No. 18-24, the Treasury Department (TD) informs that beginning on January 1, 2019 the 7%
Property owners that rent a space for ninety (90) consecutive days or less must charge a tax equal to 7% of the room rate as
EMPLOYEE RETENTION CREDIT The Employee Retention Credit provides a federal tax credit to employers that continued to pay their employees during the periods on which
Reduce risks and prevent fraud All entities should implement an adequate Internal Control System, the most appropriate way of not exposing themselves to the risk
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