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

• 05/07/2016 US Congress Passes Puerto Rico Debt Relief Bill »
• 31/05/2016 Puerto Rico's VAT Plans Blocked By Lawmakers »
• 24/05/2016 No US Tax Credits In Puerto Rican Congressional Legislation »
• 14/03/2016 Puerto Rico Defers VAT Plans »
• 03/03/2016 EY Notes Surge In Indirect Tax Burdens, Reforms »
• 12/02/2016 IRS Issues Revised Tax Guide For US Possessions »
• 22/12/2015 US Congress Passes Huge Fiscal Package »
• 29/10/2015 Puerto Rico May Be Offered US Earned Income Tax Credit »
• 06/10/2015 Puerto Rico Broadens Sales And Use Tax Base »
• 06/10/2015 US Has World's Third-Highest Corporate Tax Rate »
• 14/09/2015 Tax Reforms In Puerto Rican Debt Relief Plan »
• 31/08/2015 IRS Adds To US Territory Residency Rules »
• 07/07/2015 Tax Hikes Cannot Save Puerto Rico From Its Debt: Study »
• 27/05/2015 IRS Reminds Firms Of Transaction Disclosure Rules »
• 15/04/2015 IRS Reminds Taxpayers With Foreign Assets To File Returns »
• 06/04/2015 Puerto Rico Enacts Further Tax Amnesty Law »
• 25/02/2015 Puerto Rico Launches Tax Reform Guide »
• 16/02/2015 Puerto Rican Income Tax Rates To Fall Under VAT »
• 06/02/2015 Puerto Rico To Table Legislation To Introduce VAT »
• 04/02/2015 IRS Issues Revised Tax Guide For Aliens »
• 12/12/2014 Puerto Rico Finally Approves Oil Tax Hike »
• 05/12/2014 Puerto Rico's House Approves Oil Tax Hike »
• 07/11/2014 Puerto Rico To Cut Motor Vehicle Excise Tax Rates »
• 04/11/2014 Puerto Rico To Introduce Tax Reform In 2015 »

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