by Torres CPA Group
By means of Administrative Determination No. 19-05 (AD 19-05), the Treasury Department (TD) informs on the postponement of the date on which merchants must present evidence of the Requisite for the SUT Exemption for Commercial Rental. Law 257 of December...
by Torres CPA Group
In this issue: As part of the implementation of Law No. 257 of December 10, 2018, known as Tax Reform, the Treasury Department (TD) issued Internal Revenue Circular Letter No. 19-05 (CC RI 19-05) to inform on the criteria and steps to follow with regards to...
by Torres CPA Group
Payment for services rendered in Puerto Rico by Entities Doing Business in Puerto Rico duly registered in Puerto Rico State Department Any natural or legal person doing business in Puerto Rico who makes payments (Payer) for rendered services must deduct...
by Torres CPA Group
At the end of December of each year, the Treasury Department (TD) automatically issues the partial and total waivers from the 7% withholding. Individuals or entities to which this waiver is granted receive a Waiver Certificate from Withholding at Source for...
by Torres CPA Group
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 of fraud; and of protecting and securing the assets and interests of the company. The Internal Control...
