Publications Archive

We summarize the most important aspects of Legislature House Bill 2718 and Senate Bill 1513, which create the Board for the Financial Supervision and Economic Recovery of Puerto Rico and approve a 5-year consolidated Economic and Fiscal Growth Plan.

New amendments will further ease sanctions related to travel, telecommunications and internet-based services, business operations in Cuba, and remittances.

DNER Reschedules Public Hearings and Extends Comment Period for the Proposed Amendments to the Maritime Terrestrial Zone Regulation

Puerto Rico Supreme Court Clarifies Jurisdictional Payment Requirement
to Challenge Real Property Tax

Puerto Rico Treasury Issues New Guidance on Sales and Use Tax Applicable to Services

DNER Proposes Amendments to Maritime Terrestrial Zone Regulation

Public Participation in the Review Process of PREPA’s Integrated Resource Plan

Puerto Rico Energy Commission Promulgates Regulation on Rate Filing Requirements for Puerto Rico Electric Power Authority    

Puerto Rico Department of the Treasury issues Administrative Determination 15-14

U.S. Department of Labor’s Wage and Hour Division  issues Administrator’s Interpretation 2015-1

PR Energy Commission Promulgates Regulation on Certifications, Annual
Fees and Operational Plans for Electrical Service Companies

Municipality of Carolina Grants Amnesty for Certain Municipal Taxes

U.S. Court of Appeals Upholds Ruling Invalidating Puerto Rico Recovery Act

U.S. and Cuba announce reopening of embassies in Havana and Washington, D.C.

President Obama Announces Notice of Proposed Rulemaking to Update Regulations for Exempt Employees

Recent Legislation Affecting the Labor & Employment Law Area

Treasury Issues Guidelines on Returns of Taxable Items and Pre-Existing Agreements

DACO Issues New Advertising Regulation

Increase to Use Tax Bonds due to the enactment of Act 72-2015

DACO Issues New Regulation

USEPA Issues Revised Multi-Sector General Permit

Summary of the most significant provisions of the Act modifying current statutory provisions dealing with individual and corporate income taxes. 

Summary of  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.

Sales tax holidays for uniforms and school supplies announced.

This Alert updates our Tax Alerts of May 20 and 21, 2015 regarding House Bill 2482

This is the second Tax Alert on the recently unveiled House Bill 2482 to amend the Puerto Rico Internal Revenue Code of 2011.

House Bill 2482  introduced in the Puerto Rico Legislature in an effort to reach a consensus to raise revenues and obtain a balanced budget for fiscal year 2015-2016.

Procedure to Benefit from the Tax Amnesty

Recent Puerto Rico Supreme Court Holding Regarding the Municipal Authority to Impose Municipal License Tax.

Automatic Release of Imports Repealed for Non-Bonded Importers

Act 44-2015 Implements an Incentives Plan for the Payment of Taxes

Additional Period of Time to Pay or Prepay Income Taxes: Retirement Plans, Individual Retirement Accounts and Education Contribution Accounts

Agreements designed to foster closer and more productive relations between Puerto Rico and the Dominican Republic reached.

Summary of the most significant provisions of the bill modifying current statutory provisions dealing with individual and corporate income tax.

Summary of the most significant provisions of the Code dealing with “conduit entities.”

Puerto Rico Energy Commission Promulgates Regulation for Adjudicative
Procedures, Non-Compliance Notices, Investigations and Rates Review

The Act to Transform Puerto Rico's Tax System

Federal Court declares Debt Restructuring Act for Puerto Rico Public Corporations unconstitutional; permanently enjoins government from enforcing it.

Reminder: Sponsors of PR Qualified Retirement Plans May Be Required to File with
PR Treasury by April 15, 2015 any Plan Restatements and Certain Specific
Amendments to Meet PR Tax Qualification Requirements

The Puerto Rico Energy Commission  issues Order No. CEPR-MI-2014-0001

The Municipal Revenue Collection Center (“CRIM”) issues Circular Letter No. 2015-01.

CIFP Act adopts a digital code which will substitute all permits, certification, licenses and the like which must be posted at any premises, industry or commercial establishment.

Beginning January 16, 2015, the United States government will ease Cuba trade and travel restrictions charting a new course in U.S.- Cuba relations.

January 2015 Tax Free Holiday Reminder

Act. No. 238 Extends Tax Prepayment of Accrued Value of Benefits on Retirement
Plans and IRAs until January 31, 2015

Obama Administration Charts a New Course for U.S. - Cuba Relations

Technical Amendments to the Puerto Rico Internal Revenue Code of 2011

Puerto Rico Department of the Treasury issues Administrative Determination 14-28

Puerto Rico Treasury issues Circular Letter of Tax Policy No.14-05 notifying the cost-of-living adjustments announced by the IRS for taxable year 2015.

Puerto Rico Qualified Plans Must be Amended on or before December 31, 2014, to comply with the Post Windsor Requirements.