Legislation for a COVID-19 economic relief package is currently before Puerto Rico's Senate, following approval in the House of Representatives. Measures of the package include: A tax credit of 50% or 100% for employee payroll paid, depending on the status of the company; Loss carryback for up to the three previous years for taxpayers with turnover of USD 10 million or less; The suspension of the 90% of net income loss carryforward limitation; An exemption from the 4% sales tax on services provided to other merchants for the months of April, May, and June 2020, which may be extended a...