Publications Archive

Puerto Rico Supreme Court Recognizes the Existence of Private Residential Roads under Puerto Rico Law

Senate Bill No. 862  becomes Act. No. 185, the new Private Equity Funds Act.

The Municipality of San Juan implements municipal license tax amnesty.

PR Department of Treasury  issues Administrative Determination No. 14-27

Puerto Rico Treasury Department issues additional guidance regarding the remittance options with of  the 2% Special Charge on eligible money transfer transactions.

Act 174 Extends Incentive Plan on Amounts owed by Employers

Renewal Reminder: Reseller and Municipal Sales and Use Tax Exemption Certificates

PR Treasury Postpones Enforcement of 2% Charge on Money Transfers

PR Treasury issues guidance with respect to municipal sales and use tax returns

PR Treasury issues Tax Policy Informative Bulletin No. 14-02 informing name change for certain forms. 

Acts 160 and 169: Two new laws that significantly affect Employment Law in Puerto Rico

Additional Guidelines Regarding Tax Prepayment on Retirement Plans Accrued Balances

Carlos Fernández-Lugo interviewed and quoted by Latin America Advisor, Inter-American Dialogue's newsletter.

Paper format returns allowed as alternative method for filing the monthly sales and use tax returns

Puerto Rico Department of the Treasury eliminates the requirement of uploading certain information required by Administrative Determination 14-20.

Administrative Determination 14-22 extends various due dates related to the reporting and payment of the sales and use tax.

Administrative Determinations 14-19 and 14-20 offer further guidance on the filing and payment of the Sales and Use Tax

Investment by Puerto Rico Qualified Retirement Plans and Insurance Company Separate Accounts in “81-100 Group Trusts”

Puerto Rico Treasury Department issues AD 14-17 to inform about the new Supplemental Information of the Audited Financial Statements Filing System and to extend the due date for submitting the Supplemental Information.

Circular Letter 14-16 Provides Guidance Regarding Tax Prepayment on Accrued Value of Retirement Plan Benefits

Puerto Rico Treasury Department issues guidance and a temporary procedure for the filing and payment of the use tax on imported articles

PR Treasury issues guidance on new sales and use tax rules, extends validity of reseller and municipal sales and use tax exemption certificates, introduces PICO and re-launches SISCON

Act 80-2014 Amends Sales Tax Provisions of the Puerto Rico Internal Revenue Code of 2011

Act 77-2014 amends the Puerto Rico Internal Revenue Code of 2011, the Economic Incentives for the Development of Puerto Rico Act, the Green Energy Incentives Act and the Games of Chance Act.

Circular Letter 14-03 provides guidance for requesting use tax bonded importer status

Circular Letter No. 14-02 establishes sales tax holidays for uniforms and school supplies and details items to be exempt from sales and use tax.

Local “Bankruptcy” Law for Debt-Restructuring of State-Owned Corporations Signed; First Lawsuit Challenging the Statute Filed in Federal Court.

Governor of Puerto Rico announces filing of a bill that, if becomes law, will be titled: “the Puerto Rico Public Corporation Debt Enforcement and Recovery Act.”

HB 2041 seeks to postpone effectiveness of the use tax on imported inventory and  includes changes to the sales and use tax

Governor Alejandro García Padilla vetoes Senate Bill 501 which would have created the “Act to Prohibit and Prevent Workplace Harassment in Puerto Rico”

Plans qualified only under the Puerto Rico Internal Revenue Code must be amended to recognize same-sex spouses on or before December 31, 2014.

PR Treasury proposes postponement of use tax on inventory items until August 1, 2014

Governor Alejandro García-Padilla signs into law Act 57  known as the “Act for the Transformation and Energy Relief of Puerto Rico.”

House Bills 1919 and 1921 proposed

The Municipal Revenue Collection Center (“CRIM”) notifies qualified taxpayers and certain tax return preparers about their obligation to file the personal property tax return through electronic means.

Severance pay in connection with a reduction in force not subject to FICA

Hazardous Waste Electronic Manifest Establishment Act signed into law.

The Puerto Rico Environmental Quality Board issues public notice informing intent to adopt  new Underground Storage Tanks Control Regulation.

The Puerto Rico Department of State to start compiling new data from entities registered an online ‘Economic Data Survey.’

Temporary amnesty granted for the filing of corporate annual reports due for the periods ending on or before December 31, 2012.

Developments concerning House Bill 1626 and the federal minimum wage.

Circular Letter 14-01 notifies cost-of-living adjustments that will apply to retirement plans qualified under the Puerto Rico Internal Revenue Code.

New regulations establish criteria and procedures applicable to requests for partial waiver from gross receipts tax

Employer’s Deadline to File Protective Refund Claim for 2010 FICA Taxes Paid on Severance Payments

Four bills proposing to address various key energy-related matters submitted

Acts 18-2014 and 19-2014 became effective February 1, 2014

New developments concerning the federal minimum wage and the recently signed Act 15-14.

Act 151-2013, enacting certain amendments to Act 161-2009, known as the Puerto Rico Permitting Process Reform Act, signed into law.

President of the Senate Hon. Eduardo Bhatia Gautier presents package of bills and resolutions intended to transform the energy sector in Puerto Rico.

Act No. 163-2013 amends the Municipal License Tax Act, the Municipal Property Tax Act, the General Corporations Act and the Puerto Rico Internal Revenue Code of 2011.