Puerto Rico – Puerto Rico Brings First-Ever Value-Added Tax to the U.S.

Forbes.com by Joe Harpaz: 9/17/2015

“In the case of Puerto Rico, a 10.5% VAT will be applied to a wide range of goods and services effective April 1, 2016. The move is part of a sweeping plan to inject $1.5 billion into the island as part of a turn-around from its recent financial crisis.”

For further Information:

http://www.forbes.com/sites/joeharpaz/2015/09/17/puerto-rico-brings-first-ever-value-added-tax-to-the-u-s/