Internal Revenue Code (Puerto Rico)
 |
| Laws of Puerto Rico |
|---|
| Administrative |
|
| Finance |
|
| Part of a series on the |
| Economy of Puerto Rico |
|---|
| Government |
The Internal Revenue Code of Puerto Rico (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.
History
Internal Revenue Code of Puerto Rico of 1994
Sales and Use Tax
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.
Organization
![[icon]](/wiki/File:Wiki_letter_w_cropped.svg){kind=small} | This section is empty. You can help by adding to it. (July 2010) |
Subtitles
| This section is empty. You can help by adding to it. (July 2010) |
List of commonly referenced sections
| This section is empty. You can help by adding to it. (July 2010) |
See also
External links
 | This Puerto Rico–related article is a stub. You can help Wikipedia by expanding it. |
 | This tax-related article is a stub. You can help Wikipedia by expanding it. |