OrbitaxOrbitax

New Fiscal Plan for Puerto Rico Published Including Sales and Use Tax Cuts

|Proposed Changes|Puerto Rico
Puerto Rico

On 24 January 2018, Puerto Rico's Fiscal Agency and Financial Advisory Authority published a draft version of a new fiscal plan. The draft provides a relatively broad overview of planned measures including that reforms will be implemented focusing on improved compliance to increase revenues while not raising taxes, as well as providing certainty for businesses operating in Puerto Rico in light …

Continue Reading