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Economy of Puerto Rico. 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 income taxes, payroll taxes, gift taxes, estate taxes, and statutory excise taxes. [1]
Sales and Use Tax. The Puerto Rico Sales and Use Tax (SUT, Spanish: Impuesto a las Ventas y Uso, IVU) is the combined sales and use tax applied to most sales in Puerto Rico. As of 2020, the tax rate is 11.5%: 1.0% of the tax collected goes to the municipality where the sale was executed (there are 78 municipios - municipalities), and 10.5% of ...
The Puerto Rico Commission on Public Service — Spanish: Comisión de Servicio Público ( CSP) — is one of Puerto Rico's oldest regulatory bodies whose jurisdiction has changed over the years. The CSP currently regulates the retail sale of natural gas, trucking, and jitneys, among other regulatory functions.
The 1955 (dated 1956) issue was the first Puerto Rico license plate that complied with these standards. However, in 2012 the Puerto Rican government began issuing optional European-style plates that incorporate the design language of the standard-issue plates in a longer and narrower size typically seen in Europe. Image.
Puerto Rican citizenship and nationality. Puerto Rico is an island in the Caribbean region in which inhabitants were Spanish nationals from 1508 until the Spanish–American War in 1898, from which point they derived their nationality from United States law. Nationality is the legal means by which inhabitants acquire formal membership in a ...
List. ← PR-9. → PR-12. Puerto Rico Highway 10 ( PR-10) is a major highway in Puerto Rico. The primary [3] state [4] road connects the city of Ponce in the south coast to Arecibo in the north; it is also the shortest route between the two cities. [5] Construction on the modern PR-10, a new 68.26-kilometer (42.41 mi) highway, began in 1974.
The Puerto Rico Department of Housing, created in 1972, [9] succeeded the Urban Renewal and Housing Corporation, or Corporación de Renovación Urbana y Vivienda (CRUV, its Spanish acronym), [10] which was created in the late 1950s to succeed the Puerto Rico Housing Authority, created by Gov. Luis Muñoz Marín and headed by Juan César Cordero ...
The government-owned corporations of Puerto Rico —or public corporations ( Spanish: corporaciones públicas )— are a set of corporate entities owned entirely or in large part by the executive branch of the government of Puerto Rico or by its municipalities. The corporations engage in commercial activities with their revenues ultimately ...