Client Alerts 
Technical Amendments to Retirement Plan Provisions of the PR Code
On April 16, 2020, the Governor of Puerto Rico, Hon. Wanda Vazquez-Garced, signed into law Act No. 40-2020, including important technical amendments to the retirement plan provisions of the Puerto Rico Internal Revenue Code of 2011 (the “PR Code”), among other special laws and provisions, as part of measures taken to manage the Covid-19 situation. The .
Technical Amendments to PR Internal Revenue Code (Act 40-2020)
On April 16, 2020, the Governor of Puerto Rico, Hon. Wanda Vazquez Garced, signed into law Act No. 40-2020, which amends several important provisions of the Puerto Rico Internal Revenue Code of 2011 (the “PR Code”), among other special laws, as part of the measures taken to provide relief during the ongoing Covid-19 pandemic . The .
NEW PUERTO RICO EMERGENCY PAID SICK LEAVE APPROVED
On April 9, 2020, Puerto Rico’s Governor Wanda Vázquez Garced signed Law No. 37-2020 (Law 37) which grants a special paid leave of five working days for private sector non-exempt employees who suffer, or are suspected of suffering, from COVID-19 or any other sickness that has resulted in the declaration of emergency by the Governor .
Puerto Rico Lockdown Extension (EO 2020-33)
On April 12, 2020, Puerto Rico Governor Wanda Vázquez-Garced issued Executive Order No. 2020-033 (“EO 2020-033”), extending the previously mandated lockdown and citizen curfew under Executive Order 2020-029, to now be effective from Monday, April 13, 2020 until Sunday, May 3, 2020, to address the COVID-19 pandemic. EO 2020-033 modified certain rules for the lockdown .
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Technical Amendments to Retirement Plan Provisions of the PR Code
On April 16, 2020, the Governor of Puerto Rico, Hon. Wanda Vazquez-Garced, signed into law Act No. 40-2020, including important technical amendments to the retirement plan provisions of the Puerto Rico Internal Revenue Code of 2011 (the “PR Code”), among other special laws and provisions, as part of measures taken to manage the Covid-19 situation. The .
Technical Amendments to PR Internal Revenue Code (Act 40-2020)
On April 16, 2020, the Governor of Puerto Rico, Hon. Wanda Vazquez Garced, signed into law Act No. 40-2020, which amends several important provisions of the Puerto Rico Internal Revenue Code of 2011 (the “PR Code”), among other special laws, as part of the measures taken to provide relief during the ongoing Covid-19 pandemic . The .
NEW PUERTO RICO EMERGENCY PAID SICK LEAVE APPROVED
On April 9, 2020, Puerto Rico’s Governor Wanda Vázquez Garced signed Law No. 37-2020 (Law 37) which grants a special paid leave of five working days for private sector non-exempt employees who suffer, or are suspected of suffering, from COVID-19 or any other sickness that has resulted in the declaration of emergency by the Governor .
Puerto Rico Lockdown Extension (EO 2020-33)
On April 12, 2020, Puerto Rico Governor Wanda Vázquez-Garced issued Executive Order No. 2020-033 (“EO 2020-033”), extending the previously mandated lockdown and citizen curfew under Executive Order 2020-029, to now be effective from Monday, April 13, 2020 until Sunday, May 3, 2020, to address the COVID-19 pandemic. EO 2020-033 modified certain rules for the lockdown .
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