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prima:Awaiting a special session to adopt the Global Minimum Tax

Hundreds of entities in Puerto Rico are in limbo due to tax uncertainty and at least two foreign companies have begun to make adjustments, El Nuevo Día has learned

November 21, 2024 - 12:48 PM

Estimates shared by the Industrial Association indicate that 843 multinational entities in Puerto Rico, employing approximately 93,000 workers, could be affected if action is not taken on the Global Minimum Tax. (Josian Bruno/GFR MEDIA)

The possibility that Governor Pedro Pierluisi will call an extraordinary session before the end of the year to approve a legal framework that recognizes the 15% Global Minimum Tax (GMT) in Puerto Rico is the glimmer of hope that several foreign entities operating on the island are clinging to.

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