All posts tagged "IVU"

• 
  House Approves Doubling Traffic Fines, Collecting Tax on Online purchases 

  SAN JUAN—In a party-line vote Monday, the Puerto Rico House approved two of the bills that support Gov. Ricardo Rosselló’s fiscal plan. These were House bills 939 and 849, which double traffic fines and seek collecting the...

  • Posted April 25, 2017
• 
  DACO: Some restaurants using system that includes sales tax to determine tip

  SAN JUAN – Consumer Affairs Secretary (DACO) Michael Pierluisi warned consumers Monday about a restaurant payment system that includes the sales and use tax (IVU by its Spanish acronym) when calculating tips. “It has recently come to...

  • Posted April 4, 2017
• 
  Bill aims to reduce sales & use tax by taxing online purchases

  SAN JUAN – A bill that seeks to collect sales and use tax (IVU by its Spanish acronym) on Internet purchases from companies without a presence in Puerto Rico could generate about $50 million, and the president...

  • Posted April 4, 2017
• 
  GO Bondholders Call Upon Fiscal Board to Claw Back Cofina Funds

  SAN JUAN – The Ad Hoc Group of General Obligations Bondholders reiterated Tuesday that the structure of the Puerto Rico Sales Tax Financing Corp., known as Cofina, is invalid and urged the Financial Oversight and Management Board...

  • Posted January 10, 2017
• 
  Treasury Chief-designate Evaluates Lowering 11.5% Sales Tax

  “We want to reevaluate the IVU for the whole year and lower it to reduce the burden on all articles"

  • Posted January 4, 2017
• 
  Treasury Shutters 3 More Business for IVU Debt

  SAN JUAN – Treasury Secretary Juan Zaragoza said Friday that his agency carried out an operation against three businesses with a combined tax debt of $518,504, mostly for not remitting the sales and use tax (IVU by...

  • Posted August 5, 2016
• 
  Treasury: School Supplies are Tax-Free Friday, Saturday

  Sales period without IVU begins at 12:01 a.m Friday

  • Posted July 11, 2016
• 
  Treasury Closes More Businesses for Sales and Use Tax Violations

  Vans stores in Plaza Las Américas and Mall of San Juan, and a cleaning products distributor shuttered

  • Posted July 8, 2016
• 
  Bernier Asks Governor to Sign Bill Eliminating IVA, B-to-B Tax Increase

  Says increase will 'not generate enough revenue to offset the adverse impact to our economy'

  • Posted May 20, 2016
• 
  Puerto Rico Treasury: Sales Tax Collection Rate Has Increased

  Collection rate has gone up from 55% in 2012 to almost 64% in 2015; officials want to increase revenues further to 80%

  • Posted May 18, 2016