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Do you have unpaid back taxes? You can request IRS and local tax relief now

May 27, 2022 – San Juan, Puerto Rico. If you have an IRS or local tax balance and do not pay or respond to setup a resolution, the IRS and many states can pursue enforced collections actions that make your life more difficult. Here are some of those negative consequences and why you need to […]

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Information on Domestic, Puerto Rico Corporations

Nov. 27, 2013 – In Puerto Rico, corporations (and in many circumstances LLC’s) that are formed under the Laws of the Commonwealth of Puerto Rico are considered domestic Corporations for tax purposes. Forming as a domestic corporation is advantageous for foreign businesses (i.e. US businesses). This is because domestic Puerto Rico business obligations on US

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New Sales Tax On Business To Business (“B2B”) Professional Services

On May 29, 2015 was approved Act 72 (hereinafter referred to as “Act 72”). This Act establishes that effective on October 1st, 2015, Puerto Rico will begin with the taxation for Sales Tax on the services rendered between businesses and to most of the designated professional services as they are defined in the Puerto Rico

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Certificate For Exempt Purchases And For Services Subject To 4% Special Sut (Form AS 2916)

TAX NEWSLETTER As a result of the approved changes to the Puerto Rico Internal Revenue Code of 2011 (hereinafter referred to as “the Code”) under Acts 72 and 159 of 2015, on October 9, 2015 the Puerto Rico Treasury Department released a revised version of Form AS 2916 “Certificate for Exempt Purchases and for Services

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