- Puerto Rican Treasury issued Circular Letter No. 25-10 on May 14
- Extends hurricane preparedness sales and use tax exemption period starting May 23
- Final day of 2025 exemption period extended to May 26
- Exemption applies to retail sales of qualifying hurricane preparedness items and equipment
- Specific rules apply to rain checks, lay away sales, gift certificates and cards, and sales by mail, telephone, email, or internet
- Merchants must report exempt sales on monthly sales and use tax return on the line for exempt sales of tangible personal property
- Circular letter includes lists of qualifying items and equipment
- Effective the same date and repeals Circular Letter No. 25-09
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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