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Puerto Rico Senators block VAT introduction

  • May 27, 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.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara