by Torres CPA Group
One of the responses of the Federal Government to deal with the financial difficulties caused by the pandemic was the approval of the “American Rescue Plan Act of 2021”, ARPA, that provides $350 billion of direct assistance to all USA states and territories. ...
by Torres CPA Group
On its Administrative Determination No. 19-07, the Treasury Department (TD) informs on penalties to be imposed to merchants for not complying with the requisite of installing, use and handling of the fiscal terminals required by law. It also establishes the...
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
On its Internal Revenue Circular Letter No. 19-10 (CC RI 19-10), the Treasury Department informs on the rules, procedures and dates on which both the Quarterly Tax Returns and Deposits of the 10% withholding for rendered services must be submitted. Following,...
by Torres CPA Group
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 before you moved to Puerto Rico and appreciation/loss that occurred while you were...
