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prima:Puerto Rico House Leadership proposes a thorough review

Considering the elimination of the federal tax credit under Act 154-2010, the Puerto Rico House Speaker will propose changes in several areas of the tax system

January 5, 2022 - 10:25 AM

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This content was published more than 3 years ago.
El presidente de la Cámara, Rafael "Tatito" Hernández.
House Speaker Rafael “Tatito” Hernández Montañez. (teresa.canino@gfrmedia.com)

Washington - The leadership of the Puerto Rico House will propose a holistic review of the island’s tax system, seeking to mitigate, to a large extent, the impact of the end of the federal credit on foreign companies’ sales tax, which brings the Puerto Rican Treasury between $1.8 billion and $2 billion annually.

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