31 Mar Other Cash Flow Related Measures Adopted by the Puerto Rico Treasury Department
Anticipating potential problems that taxpayers and merchant may confront in the near future, as a result of the state of emergency caused by COVID-19, the Treasury issued several publications to adopt the following cash flow relief measures or benefits:
Please note that the Administrative Determination Number 20-10 (“DA 20-10”) also provides additional relief measures for (1) the application of any refund not yet received or any taxes paid in excess from a type of tax to another type of tax and (2) establish a payment agreement for the income taxes due for 2019. According to the DA 20-10, the Treasury will be issuing further rules and conditions to apply for these relief measures.
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