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Puerto Rico Senators block VAT introduction

  • May 26, 2016 | Richard Asquith

Puerto Rico Senators block VAT introduction

The plan to introduce 10.5% VAT in Puerto Rico in June 2016 has been thrown into confusion.

Senators yesterday approved a Bill to strike down the Governor’s plans to replace the existing 4% Sales & Use Tax next month. The indirect tax regime change over would have raised much-needed funds to help manage a multi-billion dollar debt pile.

At present, the introduction of VAT will not happen on Wednesday 1 June.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.