CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Puerto Rico's VAT Plans Blocked By Lawmakers

Puerto Rico's VAT Plans Blocked By Lawmakers

by Mike Godfrey, Tax-News.com, Washington

31 May 2016


Puerto Rico will no longer adopt a value-added tax, after lawmakers in the Senate voted to overthrow an attempt by Puerto Rico's Governor, Alejandro Garcia Padilla, to veto previously passed repeal legislation.

Puerto Rico was due to introduce value-added tax in place of sales and use tax (SUT) from June 1.

Puerto Rico's Senate on May 5, 2016, unanimously backed legislation earlier supported by the lower house of Parliament on May 2 to prevent value-added tax from being introduced.

The Governor thereafter vetoed the legislation. However, lawmakers needed to only muster two-thirds support to override this veto. On May 26, 2016, the Senate voted to abandon the VAT plans by 21 votes to 1.

TAGS: tax | value added tax (VAT) | law | legislation | Puerto Rico

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »