Puerto Rico Legislators Reject Value Added Tax

Monday, May 4th, 2015

 
 
Puerto Rico Department of Revenue
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On April 30, 2015 Puerto Rico legislators voted not to replace Puerto Rico's sales and use tax with a value added tax. The legislature did not pass Bill 2329, which would have reformed the tax system and replaced the sales and use tax with a 16% value added tax (VAT). There were 22 votes in favor of the reform and 28 votes against it.

http://www.oslpr.org/files/docs/%7B50FD8427-DFF8-4EB6-AB8A-5449EA4BDD96%7D.pdf


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