Home > Uncategorized > Puerto Rico’s New Tax Averted

Puerto Rico’s New Tax Averted

You probably know this by now, but I just want to make sure that you do:  The proposed new tax called “IVA” was not approved by the Puerto Rico House of Representatives.  This means that, for now, there is no need to change or adapt your business accounting practices. 

Neverthelss, do note that the Government of Puerto Rico has a serious cash flow problem which forces the Governor to make some tough decisions in the coming weeks.  In my opinion, this means that the possibility of new taxes is likely.

Accordingly, business owners need to be on the lookout for how any chsnges affect our businesses and what we nwed to do to adapt to them.

Very truly yours,

Santiago F.  Lampón

Categories: Uncategorized
  1. Destiny
    May 2, 2015 at 4:02 pm

    Gracias!

    >

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: