VATupdate

Share this post on

Puerto Rico’s reduced sales and use tax rate for prepared food sales effective 1 October 2019

Beginning 1 October 2019, the reduced sales and use tax (SUT) rate of 7% applies to the sale of prepared foods in Puerto Rico, instead of the general 11.5% rate. The Puerto Rico Treasury Department (PRTD) issued Administrative Determination (AD) 19-03 to provide guidance on the procedure for merchants to obtain authorization to collect the 7% reduced SUT rate.

Source: EY

Sponsors:

VAT news

Advertisements:

  • VATupdate.com
  • AXWAY - VATupdate Banner