Puerto Rico Tax amendments effective for tax years beginning on January 1, 2025 – Part 1 of 2 By: Jorge A. Guzmán Negrón As the current tax season progresses, below is a summary of some of the laws approved during...
Puerto Rico Tax amendments effective for tax years beginning on January 1, 2025 – Part 2 of 2
Puerto Rico Tax amendments effective for tax years beginning on January 1, 2025 – Part 2 of 2 By: Jorge A. Guzmán Negrón A summary of additional laws approved during the year 2025 that will apply to the tax returns...
Puerto Rico Governor Authorizes the Issuance of Relief Check Payments to Eligible Individuals
Puerto Rico Governor Authorizes the Issuance of Relief Check Payments to Eligible Individuals By: Jonathan Rosado On February 3, 2026, the Governor of Puerto Rico, Hon. Jennifer González Colón, signed Joint Resolution No. 6. This resolution appropriates five hundred fifty-four...
Tax Reform Bill (House Bill 1014, Senate Bill 912
Tax Reform Bill (House Bill 1014, Senate Bill 912 By: Nelson R. González Pérez On January 12, 2026, the Puerto Rico Legislature introduced House Bill 1014 and Senate Bill 912. These bills propose amendments to Sections 1010.01, 1021.01, 1021.02, 1021.06,...
MATTERS RELATED TO THE STATE INSURANCE FUND CORPORATION
MATTERS RELATED TO THE STATE INSURANCE FUND CORPORATION By: Carlos R. González Martínez In the coming days, a payroll related filing is due that is obligatory for every business. I am referring to the annual payroll declaration that must be...
Beneficial Ownership Information (BOI) Report Update
Beneficial Ownership Information (“BOI”) Report Update By: Felipe Mariani On October 4, 2023, the Puerto Rico Treasury Department (“PRTD”) issued the Internal Revenue Circular Letter 23-13 (“CL 23-13”) to inform of the procedures that must be followed to request the...