On 1 October 2015, Puerto Rico's Governor Alejandro García Padilla signed into law Bill 1433, which amends Act 72-2015 approved in May 2015. That Act includes a number of changes regarding sales and use tax (SUT), including the introduction of a 4% SUT on previously exempt business-to-business and professional services effective 1 October 2015 as part of a transition to a value added tax (VAT), which replaces SUT effective 1 April 2016 ({News-2015-08-21/A/2- previous coverage}). Bill 1433 amendments include an annual sales threshold of USD 50,000, below which SUT will not apply. From 1 April 2016, the threshold will be...