Internal Revenue Code (Puerto Rico)

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The Internal Revenue Code of Puerto Rico (in Spanish, Código de Rentas Internas de Puerto Rico) is the main body of domestic statutory tax law of Puerto Rico organized topically, including laws covering the income tax, payroll taxes, gift taxes, estate taxes and statutory excise taxes.


Internal Revenue Code of Puerto Rico of 1994[edit]

Sales and Use Tax[edit]

Main article: IVU (Puerto Rico)

On July 4, 2006, the government approved Law Number 117, The 2006 Contributive Justice Law, establishing a tax with a 5.5% rate at state level and an optional 1.5% rate at municipal level. The tax went into effect on November 15, 2006. The tax is better known as the Impuesto sobre Ventas y Uso (Sales and Use Tax), or by its Spanish acronym, IVU.

The law amended Article B of the Code and created sub-article BB.

On July 29, 2007, the government approved Law Number 80, making the tax mandatory for all municipalities of the island. Also the tax rates changed to 6% at the state level and 1% at the municipal level.



List of commonly referenced sections[edit]

See also[edit]

External links[edit]