Services rendered by a non-resident to a related party that is engaged in a Puerto Rico trade or business and holds a tax grant pursuant to Act No. Effective 1 July 2020, services to other merchants rendered by merchants with annual volume of business of less than USD 300,000.Effective 1 March 2019 through 30 June 2020, services to other merchants and professional designated services rendered by merchants with annual volume of business of less than USD 200,000.Services rendered by merchants with annual volume of business of less than USD 50,000.Taxable services that are excluded from SUT include, among others, the following: Designated professional services and business-to-business (B2B) services are taxed at a 4% SUT rate. The SUT rate is imposed at 10.5% at the state level and an additional 1% at the municipal level, for an aggregate 11.5%. raw materials) and food and ingredients for food (except for prepared food, diet supplements, sweets, and carbonated beverages). Other transactions that are exempt from SUT include export transactions duty-free stores located at airport or maritime ports prescription medicines insulin taxable items acquired for certain manufacturing operations (e.g. Excluded from this definition are professional associations and certain membership fees stamps issued by professional associations, the Commonwealth of Puerto Rico, or the federal government human blood, tissue, and organs maintenance fees paid to resident associations air and maritime tickets real property and bingos, raffles, and lottery. Taxable items consist of tangible personal property, taxable services, admissions, digital products, and what is known as bundled transactions. As a general rule, the SUT shall be applied, collected, and paid on all transactions of taxable items in Puerto Rico.
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