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new structure of sf6 in PUERTO RICO

new structure of sf6 in PUERTO RICO

Governor proposes overhaul of Puerto Rico tax structure.The new tax code would rely on the VAT system, in which citizens pay taxes for what they buy. It would also eliminate Puerto Rico’s gross receipts tax (known as “patente nacional”) and will exempt the first $40,000 of income for individuals and $80,000 for married couples, regardless of their total annual salary.

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