Effective January 1, 2019, and in order to simplify the rules for the deposit of withholdings of salaries as well as comply with the recent
Sales and Use Taxes (SUT) A Sale and Use Tax of eleven and a half percent (11.5%) (SUT) applies on sales of tangible personal property,
Starting a New Business in Puerto Rico A newly organized or registered business in Puerto Rico must comply with the requirements of different government agencies.
Puerto Rico has a lot to offer for businesses such as a professional environment and tax benefits, because of which thousands of foreign investors have
Individual TaxResidents of Puerto Rico are subject to federal income tax on their worldwide income. However, U.S. Code Section 933 permits a bona fide individual
Registration and Authorization Before conducting business locally, all corporations or limited liability companies must register at the Puerto Rico State Department. Puerto Rico corporations
Torres CPA Group is ready to provide valuable assistance in a timely, professional manner. Clients rely on us for a wide variety of financial services carried out by experts who are specialists in their fields. Our industry knowledge and dedication to customer service have allowed to us to grow along with our clients.
