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Tax Alert Opportunity Zones update
As the new Opportunity Zone Fund industry keeps evolving, it is important to check in and update you on what you should be in the know, and what you should be
Tax Alert New Sales and Use Tax provisions for Marketplace Facilitators and Marketplace Sellers in Puerto Rico
The year 2021 brought new developments related to the Sales and Use Tax, including new initiatives that will make it easier for the Puerto Rico Treasury
Tax Alert 2020 Deadlines established by Puerto Rico and United States tax authorities
On December 30, 2020, the Governor of Puerto Rico signed Act 173-2020, to empower the Puerto Rico Treasury Department Secretary to establish a new deadline for
Tax Article Special source rules applicable to certain gains of former United States residents
Federal income tax implications of certain capital gains derived by a new bona fide resident of Puerto Rico that previously resided in the United States.
Tax Alert Puerto Rico Treasury Department and IRS notify Audit and Compliance Campaigns
The Puerto Rico Treasury Department and the Internal Revenue Service will investigate and audit certain individuals and entities tax matters.
Tax Article Tax advantage of preparing a Transfer Pricing Study
Commencing on tax year 2019 the Puerto Rico Internal Revenue Code of 2011, as amended (“Code”) provides a tax advantage for entities that incur or pay expenses
Tax Alert IRS extends compliance relief for QOFs and their investors
The Internal Revenue Service extends compliance relief to QOFs and their investors due to the ongoing COVID-19 pandemic.
Tax Alert Treasury Department exempts IBE and IFE from filing the monthly foreign transaction report
The Puerto Rico Department of Treasury (the Department) recently eliminated the requirement to International Banking Entities (IBE) and International Financial
Tax Alert 2021 Retirement Plans limits and how to claim the American Opportunity Credit
The Puerto Rico Department of Treasury issued Circular Letter 2021-01 informing the limits applicable for contributions to retirement plans and Circular Letter
Tax Alert 2020 Year-end amendments to the Puerto Rico Incentives Code
Amendments to the Puerto Rico Incentives Code related to the acquisition of residential real estate and changes in the tax incentives for: Export of Goods and
Tax Alert New amnesty for 2019 annual reports and annual fees
The Puerto Rico Department of State will eliminate fines and penalties to previous 2020 annual reports and annual fees.
Tax Article How Biden’s proposed tax platforms affects Puerto Rico
Summary of President Joe Biden most relevant campaign tax proposals that could represent major changes going forward regarding Puerto Rico, highlighting

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San Juan, PR 00917-2013

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