Puerto Rico Governor Submitting New Tax Relief Proposals Including Tax Rate Reductions for Individual and Corporate Taxpayers

Puerto Rico's Ministry of Finance issued a release on 24 August 2023 announcing that Governor Pedro Pierluisi is submitting a new version of the tax relief project to the Legislative Assembly that incorporates certain proposals put forward earlier in the year and certain new proposals. This includes tax relief for both individuals and corporations.
According to the release, the proposed tax r…
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