Treasury ‘ready’ to handle sales tax rate increase
June 24, 2015
The Puerto Rico Treasury Department is prepared to handle the change rate of the Sales and Use Tax to 11.5 percent, from the current 7 percent, when it goes into effect July 1, agency Secretary ...
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GDB liquidity down 24% in May to $778.8M
June 16, 2015
The Puerto Rico Government Development Bank released Monday its latest liquidity report showing the agency had $777.8 million left as of May 31, representing a 24 percent drop from the $1.02 billion it had in ...
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Senate OKs comprehensive energy subsidies reform
June 9, 2015
The Senate approved Monday Bill 1256, which proposes overhauling energy subsidies and obliges the government to pay its debts to the Puerto Rico Electric Power Authority.
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