Puerto Rico: VAT repeal, veto-override update | KPMG | GLOBAL

Puerto Rico: VAT repeal, veto-override update

Puerto Rico: VAT repeal, veto-override update

The governor of Puerto Rico on Friday, May 20, vetoed a bill to repeal the value added tax (VAT) regime, as scheduled to be implemented on June 1, 2016. Today, the House of Representatives of Puerto Rico voted to override the governor’s veto by the required two-thirds majority vote.


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The Senate of Puerto Rico is expected to vote, to override the veto, on Thursday, May 26. A two-thirds majority would also be needed to override the veto in the Senate.

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