Puerto Rico to introduce VAT

Joe Stanley-Smith

February 20, 2015

Puerto Rico has overhauled its tax system, replacing the sales and use tax (SUT) and gross receipts tax (GRT) with a VAT, and cutting corporate income tax to 25%.

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Joe Stanley-Smith

Editor ITR

Joe manages ITR’s online and print coverage, and the publication’s events worldwide. He covers a range of tax issues affecting multinational corporations, particularly indirect tax matters and case studies.

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