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Non-deductible expenses

|Approved Changes|Puerto Rico
Puerto Rico

Law 40 of 2013, the Tax Burden Redistribution and Adjustment Act (Ley de redistribución y ajuste de la carga contributiva), amended section 1033.17(a) of the Tax Code 2011 by disallowing various deductions. The following are now regarded as non-deductible expenses:

-   expenses related to the use, maintenance and depreciation of residentia…

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