Puerto Rico – VAT Repealed, House And Senate Override Governor’s Veto On May 26, 2016

SALT Report 3813 – After a long series of starts, stops, revisions, planning, preparation and postponements the Puerto Rico treasury will not be imposing their version of the VAT as expected. In summary, June 1, 2016 will come and go Continue reading Puerto Rico – VAT Repealed, House And Senate Override Governor’s Veto On May 26, 2016

Puerto Rico – VAT/Sales Tax Update May 23, 2016 Answers Expected This Week

SALT Report 3809 – On Friday, the Governor issued his veto to the Substitute Bill to HB 2032, HB 2838, HB 2839 and HB 2840. In order for House and Senate to override the veto, they need a 2/3 majority Continue reading Puerto Rico – VAT/Sales Tax Update May 23, 2016 Answers Expected This Week

Puerto Rico – AD 16-07: SUT…VAT…SUT…VAT…The Latest As Of Monday April 18, 2016

SALT Report 3796 – The Puerto Rico Treasury still deciding between VAT and SUT transition, timing and details. The latest per Administrative Determination 16-07. On April 18, 2016, the Puerto Rico Department of the Treasury issued Administrative Determination 16-07 (“AD Continue reading Puerto Rico – AD 16-07: SUT…VAT…SUT…VAT…The Latest As Of Monday April 18, 2016

Puerto Rico – New Names Of Import Related Forms Announced

SALT Report 3518 – The Commonwealth of Puerto Rico has announced the updated names of two forms related to Sales and Use Tax.  The intent of the amendments are to avoid confusion among merchants and importers when completing these forms. Continue reading Puerto Rico – New Names Of Import Related Forms Announced