Author: Elizabeth Quintana

Puerto Rico Flag

Breaking News: Puerto Rico Treasury Moves to Suspend VAT Implementation

March 10, 2016, 11:19 am EST in Blog

VAT Now Scheduled to Take Effect on June 1, 2016 Puerto Rico’s Treasury Department issued Administrative Determination DA16-04 on March 8, 2016, officially postponing the effective date of the VAT (IVA in Spanish) from April 1, 2016, until June 1st, 2016 and may suspend VAT implementation altogether. According to the Treasury Department,...

Puerto Rico Changes Reporting Rules for Non-Bonded Importers

April 3, 2015, 8:54 am EST in Blog, Indirect Tax

Puerto Rico recently published (PR) DA 15-05 regarding the filing of Declaration of Imports in PR for Non-Bonded Importers.  This information is particularly important for registrants that are not bonded and who have not been filing their Import Declaration via the current PICO system.  This new Ruling 15-05 essentially provides...