VATupdate

Share this post on

Puerto Rico drops VAT plans; higher taxes on multinationals likely to compensate


Puerto Rico’s parliament has voted down plans to introduce a VAT of 16%, leading to fears that the government could impose higher taxes on large multinationals, defined as those generating more than $600 million in sales, to plug the territory’s budget deficit. More



Sponsors:

VATIT Compliance

Advertisements:

  • Exchange Summit