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Puerto Rico News - Business, Taxation & Offshore



Bill Would Exclude US Territories, Possessions From GILTI Regime

by Mike Godfrey, Tax-News.com Washington

Friday, May 15, 2020

On May 4, 2020, a bill was introduced in the United States House of Representatives to limit the impact of the Global Intangible Low Tax Income regime on businesses based in US territories and possessions. Read Full Story


Puerto Rico Announces COVID-19 Tax Measures

by Mike Godfrey, Tax-News.com Washington

Wednesday, April 15, 2020

On March 23, 2020, the Government of Puerto Rico announced a package of measures to mitigate the economic impact of the COVID-19 virus, including tax relief. Read Full Story


IRS Offers Tax Relief To Puerto Rico

by Mike Godfrey, Tax-News.com, Washington

Friday, October 6, 2017

The United States is to provide tax relief to residents of Puerto Rico and the US Virgin Islands by extending the usual 14-day absence period to 117 days for the presence test for residency under the tax rules. Read Full Story


Puerto Rico Tax Plan Released

by Mike Godfrey, Tax-News.com, Washington

Wednesday, March 8, 2017

Several tax reform measures are included in a fiscal plan published recently by the Government of Puerto Rico intended to stabilize the territory's tax revenue and put an end to serial budget deficits.Read Full Story


US Congress Issues Final Puerto Rican Report

by Glen Shapiro, Tax-News.com, New York

Tuesday, December 27, 2016

The US Congressional Task Force, which was asked this year to look at policies to stimulate future economic growth in Puerto Rico, has provided a final report, which includes recommendations on tax changes for both individuals and companies.Read Full Story


US Administration Pushes For Puerto Rican Tax Credits

by Leroy Baker, Tax-News.com, Washington

Tuesday, November 15, 2016

On November 11, during remarks before the National Tax Association, Antonio Weiss, Counselor to the US Treasury Secretary, stated that expanding Puerto Rican eligibility for the earned income tax credit and the child tax credit should be part of the solution to rebuild the island's economy. Read Full Story














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