Friday, March 24, 2023

Puerto Rico Treasury Embargoes 3 more Businesses for Tax Debts 

By on January 22, 2016

SAN JUAN – The Puerto Rico Treasury Department carried out more embargoes on Friday, intervening three business establishments that together owe tax debts that mostly stem from the sales & use tax (IVU by its Spanish acronym), totaling more than $1 million, Treasury announced in a statement.

With the latest embargoes, the agency has impacted a total of 35 businesses, for a total tax debt of more than $23 million, Treasury Secretary Juan Zaragoza stated.

The first business embargoed by the agency on Friday was BM Crew, a European car repair shop in Trujillo Alto. The locale owes $96,340 in IVU taxes and $20,517 in other taxes. During the intervention, Treasury also issued two $5,000 fines on the business.

The second embargo was conducted on health supplement store Vita Natura in Caguas. The store owes the agency $257,753, out of which $254,829 correspond to IVU.  

Of note is that Vita Natura is owned by Frank Medina, president elect of the Puerto Rico Chamber of Commerce.

Meanwhile, the third embargoed company, Atlantic Pipe in Juana Díaz, accumulated a total tax debt of $613,504.

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