Client Alerts

Puerto Rico Senate Approves COVID-19 Economic Relief Legislation

Puerto Rico Senate approved on March 24, 2020, Joint Resolution No. 493 (CR 493) to ratify the relief measures announced by the Governor of Puerto Rico, Honorable Wanda Vazquez Garced, in connection with the COVID-19 emergency and business lockdown situation. The bill will now go to the Puerto Rico House of Representatives for consideration. The announced .

COVID-19 PUERTO RICO UPDATE Administrative Orders (Part 2)

The Government of Puerto Rico’s agencies continue to issue administrative determinations and orders to manage the COVID-19 crisis. Among the most important, PR Treasury granted temporary exemptions from the payment of state and municipal sales tax for individuals purchasing taxable items that are considered Articles of First Necessity. Other key measures and orders are adopted. Following .

PR Government issues Administrative Orders re: COVID-19

The Puerto Rico Government continues to issue administrative orders and determinations on the handling of the coronavirus pandemic. Puerto Treasury Department, Puerto Rico State Department and DACO, are a few of the government agencies issuing temporary orders. This is further to the mandatory business shutdown and citizen curfew declared by the Governor of Puerto Rico .

2018 Puerto Rico Tax Reform

On December 10, 2018 the Governor of Puerto Rico signed into law the Act No. 257-2018, which amends several provisions of the Puerto Rico Internal Revenue Code of 2011, including changes to the income tax rates, the determination of net income and the inclusion of an optional tax regime for self-employed individuals and service corporations. O&B .

Client Alerts

Puerto Rico Senate Approves COVID-19 Economic Relief Legislation

Puerto Rico Senate approved on March 24, 2020, Joint Resolution No. 493 (CR 493) to ratify the relief measures announced by the Governor of Puerto Rico, Honorable Wanda Vazquez Garced, in connection with the COVID-19 emergency and business lockdown situation. The bill will now go to the Puerto Rico House of Representatives for consideration. The announced .

COVID-19 PUERTO RICO UPDATE Administrative Orders (Part 2)

The Government of Puerto Rico’s agencies continue to issue administrative determinations and orders to manage the COVID-19 crisis. Among the most important, PR Treasury granted temporary exemptions from the payment of state and municipal sales tax for individuals purchasing taxable items that are considered Articles of First Necessity. Other key measures and orders are adopted. Following .

PR Government issues Administrative Orders re: COVID-19

The Puerto Rico Government continues to issue administrative orders and determinations on the handling of the coronavirus pandemic. Puerto Treasury Department, Puerto Rico State Department and DACO, are a few of the government agencies issuing temporary orders. This is further to the mandatory business shutdown and citizen curfew declared by the Governor of Puerto Rico .

2018 Puerto Rico Tax Reform

On December 10, 2018 the Governor of Puerto Rico signed into law the Act No. 257-2018, which amends several provisions of the Puerto Rico Internal Revenue Code of 2011, including changes to the income tax rates, the determination of net income and the inclusion of an optional tax regime for self-employed individuals and service corporations. O&B .