Puerto Rico VAT Postponed for Two Months

Tuesday, March 8th, 2016

 
 
Puerto Rico Department of Revenue
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Puerto Rico
General

The Puerto Rico Department of Treasury ("Department") announced today that it will postpone the Value Added Tax (VAT) until June 1, 2016. The Sales and Use Tax (SUT) will remain in effect until May 31, 2016.

The decision was made due to a large number of complaints received by merchants seeking to postpone the VAT and to give the legislature time to study new tax reform proposals that would modify the tax system currently in place. Additionally, the Department stated that postponing the VAT would ensure a smooth and orderly transition.

However, the Department emphasized that the 4% tax on business-to-business services and designated professional services continues to be in effect. This tax will help offset the estimated planned revenue of the postponed VAT.

http://www.hacienda.pr.gov/sobre-hacienda/sala-de-prensa-virtual/comunicados-de-prensa/secretario-del-departamento-de-hacienda-extiende-la-implantacion-del-iva-hasta-el-31-de-mayo-de-2016


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