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Tax Burden Redistribution and Adjustment Act – proposed

|Proposed Changes|Puerto Rico
Puerto Rico

On 29 April 2013, the House of Representatives filed the "Tax Burden Redistribution and Adjustment Act" to be discussed by the Senate (PR Senate bill P.S. 544). The following are some of the most important changes proposed to be introduced if the bill is approved. Further developments will be reported subsequently.

Direct taxation

(a) Corporate taxation

-   Introduction of a special surtax at a rate of 20%.
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