On 10 December 2018, Puerto Rico Governor Ricardo Rosselló signed into law Bill No. 1544 as Law No. 257 of 10 December 2018. Some of the main measures of the law include:
The changes are to generally apply for periods beginning after 31 December 2018, although the increase in the exemption threshold for the SUT on services is to apply from 1 March 2019. Further, it should be noted that the law is subject to review by the Financial Oversight and Management Board in relation to Puerto Rico's budget issues, and changes may occur.
Additional details, including any changes, will be published once available.
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