Puerto Rico's Treasury Department has issued Administrative Determination No. 19-03 of 2 August 2019, which sets out the requirements for the special 7% sales and use tax (IVU) rate for prepared foods introduced as part of Puerto Rico's tax reform approved in December 2018. The Administrative Determination includes that the 7% rate will apply from 1 October for qualified merchants that have obtained certification. To obtain certification, the following conditions must be met:
Merchants meeting all required conditions will be able to obtain a certificate for the reduced 7% rate on 23 September 2019 and may apply the reduced rate from 1 October 2019 at all commercial locations for which a certificate was issued.
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