Puerto Rico’s Treasury Department issued a bulletin—Boletín Informativo de Política Contributiva Núm. 15-09—concerning the value added tax (VAT) regime introduced by legislation at the end of May 2015.
The bulletin (Spanish) examines the new VAT provisions and informs taxpayers and merchants about the effects that these VAT changes will have on consumption and income taxes. It also sets out the effective date provisions. For example, the bulletin reports:
Other measures concern large corporations and passthrough entities.
Read an unofficial translation (English) [PDF 559 KB] of the bulletin.
For more information, contact a tax professional with KPMG in Puerto Rico:
Rolando Lopez | +1 (787) 622-5330 | firstname.lastname@example.org
Carlos Molina | +1 (787) 622-5311 | email@example.com
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