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Tax insights Learn about the federal tax filing for Puerto Rico residents

Our tax experts discuss when and how Puerto Rico residents need to report their income to the IRS, which forms to use and incentives that may be available to them. Watch the video to learn about federal tax filing

Less than a minute | 09 Apr 2025

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International business Doing business in Puerto Rico

If you are looking for alternatives to expand your current operations or investment opportunities, now is the time to bring Puerto Rico at the front and center. The beneﬁts of establishing, relocating or expanding businesses in Puerto Rico are, without a doubt, attractive and rarely surpassed by any other jurisdiction.

02 May 2024

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Audit Article

Effective dates of FASB ASUs

By:

Johanna Pérez

21 Apr 20221 min read

Accounting pronouncements issued as of March 31, 2022.

Contents

This publication summarizes the effective dates of FASB Accounting Standards Updates (ASUs) that are not yet effective for all entities. The ASUs listed in this Effective Date Schedule may (1) be effective currently for some entities, or (2) require disclosures under Staff Accounting Bulletin 74, Disclosure of the Impact that Recently Issued Accounting Standards Will Have on the Financial Statements of the Registrant When Adopted in a Future Period, for pronouncements not yet adopted by the registrant if the impact of the adoption is expected to be material. This schedule is not a substitute for reading the ASUs. Some effective date and transition requirements have been paraphrased in this document.

Source: Grant Thornton Insight March 31, 2022

We are committed to keeping you up to date of all developments that may affect the way you do business in Puerto Rico. Please contact us for further assistance in relation to this or any other matter.