Publications

30 September 2022
PRTD AD 22-08 contains measures to address current challenges taxpayers are facing due to Fiona's passing through the island
21 September 2022
DDEC's Administrative Order 2022-010 creates Economic Recovery Program for Small and Medium-Sized Enterprises (in Spanish, PYMEs) impacted by Fiona
20 September 2022
PRTD administrative determinations extend monthly SUT deadline, grants temporary exemption of SUT for prepared foods
4 August 2022
On June 30, 2022, the Governor of Puerto Rico signed Act 52 of 2022 (Act 52), which introduced amendments to certain provisions of the Puerto Rico Internal Revenue Code of 2011, as amended (PR Code). Such amendments are summarized as follows:
9 March 2022
DDEC issued guidelines for compliance with community medical services for qualified physicians under Act 14 of 2017 and Act 60 of 2019.
8 December 2021
On November 17, 2021, the Puerto Rico Treasury Department issued Administrative Determination 21-09 (AD 21-09), where it establishes the procedures that allow eligible taxpayers to claim carryback of net operating losses due to the COVID-19...
20 April 2021
In our March and April 2021 Tax Alerts, we analyzed the scope of the deadline extensions recently announced by the IRS and
24 March 2021
P.R. Treasury Department follows suit on federal decision to extend 2020 tax season deadlines On Wednesday, March 17, 2021, the IRS and U.S. Treasury Department announced the postponement of the deadlines for individual's 2020 income tax returns. In...
9 March 2021
Eligible individuals can claim their AOTC tax credit, of up to $1,000, through their 2020 tax return. The American Opportunity Tax Credit (AOTC) is an income tax credit for qualified education expenses paid to each eligible student for the first...

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