Act 52-2022 amends various sections of the PR Code to incorporate the term digital products as a taxable item, and to establish the sourcing rules for the sale of digital products. Act 52-2022 also defines market facilitator, market seller, digital products, specific digital products and other digital products.
Additionally, Act 52-2022 amends the SUT provisions to eliminate the requirement for taxpayers to pay the sales tax on a bimonthly basis. Act 52-2022 establishes that the last month to comply with the requirement to pay the sales tax on a bimonthly basis was June 2022.
Source: EY
Latest Posts in "Puerto Rico"
- Lower House Passes Law for Uniform Sales Tax Collection and Compliance Streamlining via SURI
- Tax-Free Period Announced for Back-to-School Supplies by Treasury Department
- Puerto Rico Considers Bill to Amend Tax Code, Promote Renewable Energy Equipment Exemptions
- Puerto Rico Extends Hurricane Preparedness Tax Exemption Period to May 26, 2025
- Puerto Rico Announces 2025 Sales Tax Exemption for Hurricane Preparedness Items from May 23-25
