Client Alerts

New law requires that commercial establishments provide two methods of payment, one of which must be through credit or debit card

On May 16, 2016, Governor Alejandro García Padilla enacted Act No.46-2016 to amend Act No. 42-2015 (as amended, the “Act”). The Act was adopted to help reduce tax evasion.

New statute prohibits commercial establishments from requesting consumers’ personal information

On May 3, 2016, Governor Alejandro García Padilla enacted Act Number 38-2016 (the “Act”). The Act prohibits all commercial establishments operating in Puerto Rico from requesting or collecting consumers’ personal information as a requirement to complete a commercial transaction.

Latest Publications Issued by the PR Treasury Department Regarding the Sales and Use Tax

Since our last Tax Alert about the enactment of Act 159-2015, the PR Treasury Department (“Treasury”) has issued a series of publications to address certain matters related to Sales and Use Taxes (“SUT”). Below we summarize the most relevant aspects of each publication.

Latest Amendments to the Puerto Rico Internal Revenue Code of 2011

On September 30, 2015, the Governor of Puerto Rico signed into law Act 159 of 2015 (“Act 159”) which, in general, contains various amendments both of a technical and non-technical nature to Act 72 of May 29, 2015, commonly known as the “2015 Tax Reform Act” (“Act 72”). The following is a summary of the .

Client Alerts

New law requires that commercial establishments provide two methods of payment, one of which must be through credit or debit card

On May 16, 2016, Governor Alejandro García Padilla enacted Act No.46-2016 to amend Act No. 42-2015 (as amended, the “Act”). The Act was adopted to help reduce tax evasion.

New statute prohibits commercial establishments from requesting consumers’ personal information

On May 3, 2016, Governor Alejandro García Padilla enacted Act Number 38-2016 (the “Act”). The Act prohibits all commercial establishments operating in Puerto Rico from requesting or collecting consumers’ personal information as a requirement to complete a commercial transaction.

Latest Publications Issued by the PR Treasury Department Regarding the Sales and Use Tax

Since our last Tax Alert about the enactment of Act 159-2015, the PR Treasury Department (“Treasury”) has issued a series of publications to address certain matters related to Sales and Use Taxes (“SUT”). Below we summarize the most relevant aspects of each publication.

Latest Amendments to the Puerto Rico Internal Revenue Code of 2011

On September 30, 2015, the Governor of Puerto Rico signed into law Act 159 of 2015 (“Act 159”) which, in general, contains various amendments both of a technical and non-technical nature to Act 72 of May 29, 2015, commonly known as the “2015 Tax Reform Act” (“Act 72”). The following is a summary of the .