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Puerto Rico Introduces New Tax Return for Exempt Business

|Approved Changes|Puerto Rico
Puerto Rico

Puerto Rico's Treasury Department has announced the release of a new income tax return for businesses that derive income covered by various tax exemption incentive decrees. Previously, different return forms were required depending on the particular tax exemption, such as the exemption incentives for industrial development, for green energy, for tourism development, etc. To simplify the filing…

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