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Puerto Rico Treasury extends SUT exemption to textbooks and notebooks

An McV Tax Alert

June 15, 2016

On June 10, 2016, the Puerto Rico Department of the Treasury issued Administrative Determination No. 16-10 (“AD 16-10”) to extend the sales and use tax (“SUT”) exemption on “printed books” to textbooks in electronic format (e-books) and notebooks. AD 16-10 defines “textbooks” as printed or electronic format textbooks listed in official school or university textbook lists to be used in a particular grade or course, including music books and notebooks.

Textbooks can be acquired all year long without paying the SUT since the exemption is not limited to the sales-tax-free holiday period. The items that will be exempt from the SUT during the back to school sales-tax-free holiday period are listed in our June 3, 2016 McV Tax Alert.

The content of this McV Alert has been prepared for information purposes only. It is not intended as, and does not constitute, either legal advice or solicitation of any prospective client. An attorney-client relationship with McConnell Valdés LLC cannot be formed by reading or responding to this McV Alert. Such a relationship may be formed only by express agreement with McConnell Valdés LLC.

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