Puerto Rico repeals VAT

26 May 2016

Puerto Rico's legislative assembly has approved a bill to repeal the value added tax (VAT), overriding the governor’s veto on May 20, 2016. The VAT will no longer be implemented on June 1, 2016. For the foreseeable future, merchants doing business in Puerto Rico will continue complying with the existing sales and use tax mandate.

A Tax Alert has additional details.

Document ID: 2016-9004

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