by Torres CPA Group
Partial Exemption of SUT on Prepared Meals One of the changes brought by Law 257 of December 10, 2018, known as the Tax Reform, is the exemption from the collection and payment of the IVU Surtax on Prepared Meals. This represents a reduction of 4.5% on...
by Torres CPA Group
According to what is established by the Puerto Rico Internal Revenue Code that exempts school uniforms and supplies from paying Sales and Use Tax (SUT) during a two day period during the months of July and January, each year the Secretary of the Treasury...
by Torres CPA Group
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% withholding for rendered services increases to 10%. In addition, Law 257-2018 states that for the years...
