Client Alerts 
PUERTO RICO LOCKDOWN EXTENSION (EO 2020-29)
On March 30, 2020, Puerto Rico Governor Wanda Vázquez issued Executive Order No. 2020-029, extending the previously mandated lockdown and citizens curfew issued under EO 2020-23, to be effective until April 12, 2020. EO 2020-29 expanded the rules for the lockdown and operation of businesses as well as additional precautionary measures to deal with COVID-19 .
PR TREASURY ISSUES GUIDELINES ON DISTRIBUTIONS FROM QUALIFIED PLANS
Puerto Rico Treasury Department issued Internal Revenue Circular Letter No. 20-22 and No. 20-23 establishing guidelines for qualified relief payments and special distributions made from a Retirement Plan or an IRA to cover qualified expenses due to the State of Emergency and curfew declared by the Governor of Puerto Rico as a result of COVID-19 .
PR Treasury Adopts Additional Tax Determinations to Address COVID-19
The Puerto Rico Department of Treasury issued on March 25, 2020, Administrative Determination No. 20-09 (“AD 20-09”) and Administrative Determination 20-10 (“AD 20-10”) to address certain tax obligations, extension of filing dates, among other measures in an effort to continue to provide Puerto Rico taxpayers relief of certain obligations in light of the Coronavirus (COVID-19) .
U.S. Senate Approval of the CARES Act
The Coronavirus Aid, Relief and Economic Security Act, also known as the CARES Act (HB 748) provides emergency assistance and healthcare response for individuals, families and businesses affected by COVID-19. The CARES Act was finally approved in the U.S. Senate on March 25, 2020 and is now pending consideration from the U.S. House of Representatives. As .
Client Alerts
PUERTO RICO LOCKDOWN EXTENSION (EO 2020-29)
On March 30, 2020, Puerto Rico Governor Wanda Vázquez issued Executive Order No. 2020-029, extending the previously mandated lockdown and citizens curfew issued under EO 2020-23, to be effective until April 12, 2020. EO 2020-29 expanded the rules for the lockdown and operation of businesses as well as additional precautionary measures to deal with COVID-19 .
PR TREASURY ISSUES GUIDELINES ON DISTRIBUTIONS FROM QUALIFIED PLANS
Puerto Rico Treasury Department issued Internal Revenue Circular Letter No. 20-22 and No. 20-23 establishing guidelines for qualified relief payments and special distributions made from a Retirement Plan or an IRA to cover qualified expenses due to the State of Emergency and curfew declared by the Governor of Puerto Rico as a result of COVID-19 .
PR Treasury Adopts Additional Tax Determinations to Address COVID-19
The Puerto Rico Department of Treasury issued on March 25, 2020, Administrative Determination No. 20-09 (“AD 20-09”) and Administrative Determination 20-10 (“AD 20-10”) to address certain tax obligations, extension of filing dates, among other measures in an effort to continue to provide Puerto Rico taxpayers relief of certain obligations in light of the Coronavirus (COVID-19) .
U.S. Senate Approval of the CARES Act
The Coronavirus Aid, Relief and Economic Security Act, also known as the CARES Act (HB 748) provides emergency assistance and healthcare response for individuals, families and businesses affected by COVID-19. The CARES Act was finally approved in the U.S. Senate on March 25, 2020 and is now pending consideration from the U.S. House of Representatives. As .
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