Wednesday, February 8, 2023

Treasury Continues Crackdown On Evasion

By on February 25, 2016

SAN JUAN – The Treasury Department stepped up its offensive against tax evasion Thursday when it carried out the second operation this week to intervene with businesses that owe taxes.

Treasury Secretary Juan Zaragoza announced that the operations of three restaurants were halted Thursday, primarily for not remitting to the agency the sales and use tax (IVU by its Spanish acronym) retained from customers.

Puerto Rico Treasury Secretary Juan Zaragoza

Puerto Rico Treasury Secretary Juan Zaragoza

“During this operation, we intervened in three businesses during the morning and will put a lien on another one in the afternoon. With the combined violations, Treasury did not receive about $350,000, mainly in IVU payments,” he added.

In San Juan, Treasury says renowned Hato Rey restaurant El Zipperle owes it about $155,000. Another restaurant in Bayamón was also intervened for accumulated debts of about $70,000. Similarly, in Caguas, another food business that owes the agency about $80,000 was embargoed.

Another restaurant in the eastern part of the island was to be included in Thursday’s Treasury operation for owing the agency about $40,000.

“The difficult economic situation [Puerto Rico faces] requires that the [Treasury] Department collect the revenue necessary to meet its economic and financial commitments. For this, it is essential to continue with initiatives like this one, to combat evasion,” Zaragoza concluded.

As part of the initiative, which began in November, about 54 businesses have been intervened with for tax debts totaling to more than $29 million.

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