On 19 April 2020, the Puerto Rican Office of the Governor has announced that Governor Wanda Vázquez Garced has signed tax reform bill for individuals and businesses. The bill includes the following tax measure:
- an additional reduction of 3% on the tax liability of all taxpayers with a salary of $100,000 or less;
- increases the exemption on business-to-business (B2B) tax payment from $200,000 to $300,000; and
- eliminates the special 1.5% contribution for professional and advisory services provided to the government in excess of $ 300,000.
