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Puerto Rico Tax News

EY Global Tax Controversy Flash Newsletter (Issue 68) | ECtHR’s evolving role in tax disputes15 April 2024
Puerto Rico Introduces New Tax Return for Exempt Business13 February 2024
EY Global Tax Controversy Flash Newsletter (Issue 66) | Results of 2024 EY International Tax and Transfer Pricing Survey reveal businesses require a comprehensive transfer pricing policy to manage emerging risks12 February 2024
Puerto Rico to Provide Refundable Tax Credit for Individuals for 2023 in Lieu of Tax Cut18 December 2023
EY Global Tax Controversy Flash Newsletter (Issue 65) | Organisation for Economic Co-operation Development expresses support for ICAP program12 December 2023
Puerto Rico Considering Possible Implementation of Pillar 2 Global Minimum Tax4 December 2023
EY Global Tax Controversy Flash Newsletter (Issue 64) | Italy proposes several taxpayer-friendly changes to its cooperative compliance program14 November 2023
Puerto Rico Governor Submitting New Tax Relief Proposals Including Tax Rate Reductions for Individual and Corporate Taxpayers31 August 2023
EY Global Tax Controversy Flash Newsletter (Issue 61) | Companies should begin Pillar Two preparations to prevent double taxation, tax disputes15 August 2023
EY Global Tax Controversy Flash Newsletter (Issue 59) | US IRS implements pre-screening process for taxpayers seeking APAs15 June 2023
EY Global Tax Controversy Flash Newsletter (Issue 58) | New global survey from EY highlights business concerns on the outlook for tax audits and disputes16 May 2023
EY Global Tax Controversy Flash Newsletter (Issue 56) | EY comments on BEPS 2.0 consultation documents identify key issues impacting tax certainty for multinationals14 March 2023
EY Global Tax Controversy Flash Newsletter (Issue 55) | HMRC evolves its compliance approach with new ‘Guidelines for Compliance’14 February 2023
Puerto Rico Tax Relief for Individuals and Corporations9 February 2023
Puerto Rico’s new tax credit management system will be available beginning 18 January 202318 January 2023
EY Global Tax Controversy Flash Newsletter (Issue 53) | UK transfer pricing adjustments – is the underlying rule being followed?13 December 2022
Inflation Reduction Act does not trigger 15% income tax rate on industrial development income in Puerto Rico10 November 2022
Puerto Rico’s Office of Management and Budget extends due date for filing the 2022-2023 volume of business declaration to 22 December 2022 because of Hurricane Fiona17 October 2022
Puerto Rico’s Treasury Department issues guidance on the tax measures and extended due dates in place because of Hurricane Fiona3 October 2022
US IRS and Treasury intend to issue proposed regulations on application of the noncompulsory payment regulations to certain amended Puerto Rico tax decrees26 September 2022
IRS Issue Notice on Application of Foreign Tax Credit Noncompulsory Payment Rules to Amended Tax Decrees between MNEs and Puerto Rico20 September 2022
EY Global Tax Controversy Flash Newsletter (Issue 50) | Updates to MAP processes may increase taxpayer participation13 September 2022
US Sixth Circuit rules in favor of Eaton in appeal from Tax Court regarding APA cancellation6 September 2022
Puerto Rico’s Department of State extends due date to 18 October 2022, for filing annual reports for corporations requesting a second extension30 August 2022
US Tax Court increases Medtronic royalty rate under unspecified method25 August 2022
Puerto Rico's Municipal Income Collection Center extends due date for property tax return to 22 August 202215 August 2022
Puerto Rico Provides Alternative Income Tax Election for Manufacturing3 August 2022
EY Global Tax Controversy Flash Newsletter (Issue 47) | Cross-border tax controversy on the rise: transfer pricing trends in the life sciences sector17 June 2022
EY Global Tax Controversy Flash Newsletter (Issue 46) | Is your organization ready to meet growing global demands for tax governance?17 May 2022
Puerto Rico extends due date for volume of business declarations25 April 2022