O’Neill & Borges LLC recently participated in two judicial victories that crystallized the Puerto Rico landscape regarding forum selection, choice of law, and arbitration clauses. See attached Newsletter for more information.
The Tax Cuts & Jobs Act approved in the U.S. House and the Senate on December 20, 2017, introduces important changes to the federal tax regime having notable impact on business operations in Puerto Rico. Puerto Rico continues to be considered a foreign jurisdiction for US IRC purposes. Click here to see a full version
On April 29, 2017, the Governor of Puerto Rico signed into law House Bill 849 (“Act 25-17”), which, in general, amends the Puerto Rico Internal Revenue Code of 2011, as amended (the “Code”), to impose a series of notification requirements regarding the Sales and Use Tax (“SUT”) on tangible personal property sold via Internet by .
PROMESA APPROVED: UNDERSTANDING ITS LABOR PROVISIONS On Wednesday, June 29, 2016, the U.S. Senate approved H.R. 5278, legislation to establish seven-member fiscal oversight board to manage the restructuring of Puerto Rico’s $70 billion government debt and oversee the island’s finances. The “Puerto Rico Oversight, Management and Economic Stability Act” (known by its acronym “PROMESA”), was passed .
O’Neill & Borges LLC recently participated in two judicial victories that crystallized the Puerto Rico landscape regarding forum selection, choice of law, and arbitration clauses. See attached Newsletter for more information.
The Tax Cuts & Jobs Act approved in the U.S. House and the Senate on December 20, 2017, introduces important changes to the federal tax regime having notable impact on business operations in Puerto Rico. Puerto Rico continues to be considered a foreign jurisdiction for US IRC purposes. Click here to see a full version
On April 29, 2017, the Governor of Puerto Rico signed into law House Bill 849 (“Act 25-17”), which, in general, amends the Puerto Rico Internal Revenue Code of 2011, as amended (the “Code”), to impose a series of notification requirements regarding the Sales and Use Tax (“SUT”) on tangible personal property sold via Internet by .
PROMESA APPROVED: UNDERSTANDING ITS LABOR PROVISIONS On Wednesday, June 29, 2016, the U.S. Senate approved H.R. 5278, legislation to establish seven-member fiscal oversight board to manage the restructuring of Puerto Rico’s $70 billion government debt and oversee the island’s finances. The “Puerto Rico Oversight, Management and Economic Stability Act” (known by its acronym “PROMESA”), was passed .