Puerto Rico: Guidance on new VAT regime, other tax changes

Puerto Rico: Guidance on new VAT regime

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.


Related content

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:

  • An increase in the rate of the sales and use tax is effective 1 July 2015.
  • The VAT regime provisions are effective 1 April 2016.
  • The rate of excise tax on certain vehicles (SUVs) increases effective 1 July 2015.
  • A moratorium on the use and issuance of certain tax credits is extended up to 1 January 2018.

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 | rlopez@kpmg.com

Carlos Molina  | +1 (787) 622-5311 | cmolina@kpmg.com

© 2017 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal



KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.