On February 20, 2020, the Puerto Rico Treasury Department (PR Treasury) issued Internal Revenue Circular Letter No. 20-08 (CC RI 20-08) granting employers temporary income tax exemptions over payments and certain benefits...more
On February 20, 2020, the Puerto Rico Treasury Department (PR Treasury) issued Internal Revenue Circular Letter Number 20-09 (CC RI 20-09) to provide special rules and procedures applicable to distributions from qualified...more
2/24/2020
/ Distribution Rules ,
Earthquakes ,
Employee Benefits ,
Individual Retirement Account (IRA) ,
Internal Revenue Code (IRC) ,
Natural Disasters ,
Puerto Rico ,
Qualified Retirement Plans ,
Retirement Plan ,
Tax Planning ,
Withholding Requirements
In the aftermath of Hurricane Maria's catastrophic impact on Puerto Rico, in order to assist in rebuilding and recovery, Puerto Rico’s governor and several agencies have issued multiple exemptions to previously established...more
10/17/2017
/ Administrative Orders ,
Building Permits ,
Construction Industry ,
Construction Project ,
Critical Infrastructure Sectors ,
Diesel Fuel ,
Excise Tax ,
Executive Orders ,
Exemptions ,
Extensions ,
Federal Contractors ,
Government Agencies ,
Hurricane Maria ,
Natural Disasters ,
Oil & Gas ,
Property Tax ,
Puerto Rico ,
Registration Requirement ,
Repairs ,
Tax Planning