Tax Alert Sales and Use Tax Exemption on articles for the preparation for the hurricane season
On May 6, 2022, the Governor of Puerto Rico signed Act 20, 2022. Act 20, 2022 provides an exemption from the Sales and Use Tax (SUT) during the last weekend
Tax Article Are you looking to start a business in Puerto Rico?
Read this to know what to do and where to file.
Tax Article Key Tax Credits Available on the 2021 Puerto Rico Individual Income Tax Return
There have been significant changes regarding the tax credits available for taxpayers for tax year 2021.
Tax Article A second look at the Incentives Code
It’s been more than 2 years since the enactment of the Incentives Code in Puerto Rico, approved on July 1, 2019 (“Act” or “Code”).
Tax Article CRIM Amnesty Program
Real property tax debtors have been granted an amnesty to pay certain debts on or before June 30, 2022, at a discount.
Tax Article 2021 Year-end tax planning for Puerto Rico individuals
With the end of 2021 in sight, taxpayers should consider some important tax planning aspects for the upcoming tax filing season.
Tax Alert Energy Incentive Program
On October 4th, 2021, Governor Pedro Pierluisi announced the Energy Incentive Program with the purpose to assist small and medium business in the development
Tax Article Global minimum tax calls for a local tax reform
The minimum global tax continues to be a hot topic in 2021. Negotiations in the implementation of a 15% global corporate minimum tax continue to strengthen and
Tax Article Recent Updates by the Puerto Rico Department of Treasury
The Puerto Rico Department of Treasury (now on referred as to “Hacienda”) has recently issued multiple official publications to address new tax developments or
Tax Alert New Sales and Use Tax Return published by the PR Treasury Department
The Puerto Rico Treasury Department published a new version of the monthly Sales and Use Tax Return that should be used for the filing of the monthly Sales and
Tax Alert Return to work incentives
On March 11, 2021, the U.S. federal government enacted the American Rescue Plan Act of 2021 to assist state governments with the public health emergency caused
Tax Article Do’s & don’ts for the 2021 tax season
This second tax season during a global pandemic has begun to feel a little like a return to some sense of normalcy for our clients. Each tax season is a

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