Puerto Rico: Indirect tax reform | KPMG | GLOBAL

Puerto Rico: Indirect tax reform; fiscal terminal requirements for merchants

Puerto Rico: Indirect tax reform

The governor of Puerto Rico in late September 2015 signed into law Act No. 159 that, in part, amends the sales and use tax and value added tax (VAT) provisions under Puerto Rico’s tax law. Also in late September 2015, the Puerto Rico Treasury Department issued guidance concerning the requirements for certain merchants to install, maintain, and update a fiscal terminal, and this guidance was then followed by further guidance, issued this week, that addresses changes introduced by Act No. 159 concerning taxable services, designated professional services, and services rendered to other merchants.


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Read an October 2015 report [PDF 332 KB] prepared by KPMG LLP: Puerto Rico Clarifies Indirect Tax Reform and Issues Guidance on Requirement to Install Fiscal Terminals

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