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Puerto Rico Introduce New Transfer Pricing Study Submission Rules for Relief from 51% Deduction Disallowance Rule

|Approved Changes|Puerto Rico
Puerto Rico

Puerto Rico has reportedly introduced new transfer pricing study submission rules in relation to the general 51% disallowance of deductions with respect to cross-border expenses incurred with related persons not engaged in trade or business in Puerto Rico. Previously, taxpayers have been allowed to submit a request to the tax authority for full or partial relief from the general disallowance. W…

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