Tax Article Foreign taxpayers: Hiring Puerto Rico residents during the COVID-19 pandemic
The need of businesses to continue operating remotely as a result of COVID 19 has brought some tax implications for foreign taxpayers and their Puerto Rico
Tax Article Physical Presence Test to bona fide residents in Puerto Rico during the COVID-19 Pandemic
The physical presence test for bona fide residents of Puerto Rico for 2020 will prove to be a different one due to COVID-19 travel and related disruptions.
Tax alert Cash Basis method of accounting for the construction industry
The Puerto Rico Treasury Department issued Administrative Determination 20-19 with the purpose of clarifying the mechanism available for merchants engaged in
Tax Alert Personal Property Estimated Tax payment – first quarter of 2020 extended
On August 5, 2020, the Municipal Revenue Collection Center or “CRIM”, issued Administrative Order 2020-12 with the purpose of extending the payment term for
Tax Alert SUT free period for the purchase of school uniforms and materials
The Puerto Rico Treasury Department issued Administrative Determination 20-18 with the purpose of adding two days to the first sales and use tax free period
Tax Article Do’s and don’ts for a unique tax season
Hints to be better prepared for the next tax season. The do’s and don’ts and why you need to think of your taxes year-round.
Tax alert Leased commercial rent exempt from the SUT postponed
The Puerto Rico Treasury Department (“PRTD”) recently issued Administrative Determination 20-17 (“AD 20-17”) with the purpose of postponing the effectiveness
Tax Alert The PRTD issued guidance on the Sales and Use Tax exemption
Act 57 signed on June 14, 2020 established an exemption from the special Sales and Use Tax (“SUT”) of 4% applicable to business to business services and
Tax Alert Application of overpayments against other taxes approved by the PRTD
On March 24, 2020, the Puerto Rico Treasury Department issued Administrative Determination 20-10 allowing the application of refunds and overpayments from
Tax Article Tax relief measures for Opportunity Zones funds and investors
On Thursday, June 4, the IRS issued Notice 2020-39, which provides additional relief measures for qualified opportunity funds (QOFs) and investors affected by
Tax Alert COVID – 19: Additional relief measures approved in Puerto Rico
On June 14, 2020, the Governor of Puerto Rico signed Act 57-2020, known as the “Complementary Law to Address the Effects of the COVID-19 Emergency on the
Tax Alert Coronavirus Relief Fund: Assistance program to small and medium businesses
On this alert, we summarize the program guidelines published on June 3, 2020 by the Puerto Rico Treasury Department: Internal Revenue Circular Letter 20-26.

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