Municipalities do not have the authority to impose the municipal license tax on companies that sell fuel oil to the Puerto Rico Electric Power Authority when such companies do not have any physical presence in Puerto Rico.
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.