- Puerto Rican Treasury issued Circular Letter No. 25-09 on annual sales and use tax exemption for hurricane preparedness items
- Exemption period for 2025 is from May 23 at 12:00 a.m. to May 25 at 11:59 p.m.
- 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 the monthly sales and use tax return
- Circular letter includes lists of qualifying items and is effective immediately
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.
