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On 29 July 2007, the government approved Law Number 80, making the tax mandatory for all municipalities of the commonwealth. Also, the tax rates were changed to 6% at the state level and 1% at the municipal level. On 1 July 2015, the sales tax rate was increased from 7% to 11.5%, in response to a suffering economy.
Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
1970. Headquarters. Puerto Rico. The Puerto Rico Automobile Accident Compensation Administration — Spanish: Administración de Compensaciones por Accidentes de Automóviles ( ACAA) — is a government-owned corporation of Puerto Rico that provides compensation for medical and disability expenses resulting from traffic accidents in Puerto Rico.
The estate tax is part of the federal unified gift and estate tax in the United States. The other part of the system, the gift tax, applies to transfers of property during a person's life. In addition to the federal government, 12 states tax the estate of the deceased. Six states have "inheritance taxes" levied on the person who receives money ...
Public housing in Puerto Rico. Public housing in Puerto Rico is a subsidized system of housing units, mostly consisting of housing projects ( residenciales, barriadas, or caseríos públicos ), which are provided for low-income families in Puerto Rico. The system is mainly financed with programs from the US Department of Housing and Urban ...
v. t. e. The Puerto Rico Department of Treasury ( Spanish: Departamento de Hacienda de Puerto Rico) is the executive department of the government of Puerto Rico responsible for the treasury of the U.S. Commonwealth of Puerto Rico. It is one of the constitutionally-created executive departments and is headed by a Secretary.
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