LATEST ARTICLES
Puerto Rico
Caplin & Drysdale
The Organization for Economic Cooperation and Development (OECD), of which the United States is a member, has proposed a 15% minimum global tax on business income.
TMF Group BV
The jurisdiction of Puerto Rico is something of a hybrid. From afar, it looks very much like the 51st state of the USA. Closer up, you discover it has the fiscal independence of a separate jurisdiction.
Ogletree, Deakins, Nash, Smoak & Stewart
On January 20, 2021, the Puerto Rico Department of the Treasury (Departamento de Hacienda, commonly known as "Hacienda") issued Administrative Determination No. 21-01 (AD 21-01),...
Ogletree, Deakins, Nash, Smoak & Stewart
All of the recent changes to the required minimum distribution (RMD) rules of Section 401(a)(9) of the U.S. Internal Revenue Code, except for provisions related to the handling of tax-free rollovers..
Ogletree, Deakins, Nash, Smoak & Stewart
With the havoc wrought by Hurricane Maria in Puerto Rico, employers are exploring options to provide emergency relief to those employees who have encountered financial hardship to meet their necessities ...
Grant Thornton LLP
Puerto Rico will soon be replacing its existing state-level sales and use tax with a value added tax (VAT) system.
Orrick
This bill is related to a bill (H.R. 3552) previously introduced by Representative Pedro Pierluisi, which has been referred to the House Committee on Ways and Means.
Grant Thornton LLP
The Commonwealth of Puerto Rico has enacted the Tax Reform Process Act, which will phase the Puerto Rican indirect tax system from a sales and use tax (SUT) to a value added tax (VAT).
Osborne & Osborne PA
Speaking of Eternity, I must admit that I am a big fan of gospel music. While I like old school or traditional gospel, I prefer the newer R&B urban sound.
Grant Thornton LLP
On October 14, Puerto Rico enacted legislation, Act 117, which provides technical amendments to the major tax legislation, Act 40, enacted earlier this year.
Grant Thornton LLP
Puerto Rico has enacted legislation that creates a tax amnesty program that will be in effect from May 13, 2013 through June 30, 2013.
Grant Thornton LLP
The Puerto Rico Treasury Department has released regulations to provide guidance on the application of the new rules for controlled groups of corporations and related entities included in the Internal Revenue Code for a New Puerto Rico
McConnell Valdés LLC
Act No. 1 of January 31, 2011 establishes a new Puerto Rico Internal Revenue Code ("2011 Code") and repeals the Puerto Rico Internal Revenue Code of 1994, as amended ("1994 Code") almost in its entirety.
Adsuar Muñiz Goyco Seda & Pérez-Ochoa, P.S.C.
The corporate income tax is the higher of a regular tax ranging between 20% and 39% of net income and an alternative minimum tax of 22 % of "alternative minimum net income". For taxable years ending prior to January 1, 2012 the 39% rate is increased to 40.95%.
Caplin & Drysdale
Puerto Rico's unique status as a US territory impacts its decision-making on the OECD's global minimum tax, known as Pillar Two. If implemented in its proposed form...
Mondaq Webinars
FREE News Alerts
Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email.
Comparative Guides
Popular Contributors
Upcoming Events
Mondaq Advice Centres
