Act 72 Amends the Puerto Rico Internal Revenue Code of 2011 - Part II
Since this statute suffered so many changes during the legislative process, we have decided to issue two final Tax Alerts summarizing the Act for your ready reference. This is the second Alert, and it summarizes the most significant provisions of the Act amending the sales and use tax provisions of Subtitle D of the Code, and adding a new Subtitle DD to the Code to include the value added tax provisions.
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