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1
Employers Helping Employees—Are Disaster Relief Payments And Loans Exempt From Puerto Rico Income Tax?
With the havoc wrought by Hurricane Maria in Puerto Rico, employers are exploring options to provide emergency relief to those employees who have encountered financial hardship to meet their necessities ...
Puerto Rico
18 Oct 2017
2
Hurricane Maria's Aftermath: Highlights Of Available Government Assistance For Puerto Rico Residents
This article highlights different sources of assistance available to Puerto Rico residents in the aftermath of the hurricane.
Puerto Rico
17 Oct 2017
3
Puerto Rico Department Of The Treasury Grants Temporary Tax Exemptions For Employer-Provided Payments And Certain Benefits To Employees Related To Hurricane Maria Relief
On October 4, 2017, the Puerto Rico Department of the Treasury issued Administrative Determination No. 17-21 granting temporary income tax exemptions for payments and certain benefits ...
Puerto Rico
12 Oct 2017
4
Puerto Rico
29 Sep 2017
5
Puerto Rico Legislation May Require Changes To Retirement Plans
Puerto Rico enacted new legislation in February that will require changes to tax-qualified retirement plans covering Puerto Rico employees, including both Puerto Rico-only and dual-qualified (US and Puerto Rico) retirement plans.
Puerto Rico
3 May 2017
6
First Circuit Provides Clarity To Puerto Rico Creditors Seeking Relief
The First Circuit's recent opinion on the Puerto Rico Oversight, Management, and Economic Stability Act outlines initial guidelines for possible future actions against the Puerto Rican government...
Puerto Rico
7 Mar 2017
7
Puerto Rico Treasury Issues New Guidance On Rules And Procedures For Qualification Of Retirement Plans
As with the Previous Guidance, qualification amendments may be adopted through a plan restatement or a separate plan amendment.
Puerto Rico
6 Feb 2017
8
Is Renewable Energy In Puerto Rico Back On Your Radar?
Renewable energy deal discussions centered on projects in Puerto Rico have been difficult – particularly for project owners – over the past few years.
Puerto Rico
2 Sep 2016
9
First Circuit Declares Puerto Rico Alternative Minimum Tax Unconstitutional
The AMT is a tax equal to the amount by which a corporate taxpayers tentative minimum tax exceeds its regular tax on income.
Puerto Rico
30 Aug 2016
10
Puerto Rico Financial Oversight Law Enacted
Stephen Selbst authored an article for Bloomberg BNA's Bankruptcy Law Reporter regarding recently enacted legislation to address Puerto Rico's municipal debt crisis.
Puerto Rico
22 Aug 2016
11
PROMESA—Energy In Puerto Rico Amidst The Debt Crisis
Renewable energy industry participants are hungrily eyeing the tiny U.S. commonwealth of Puerto Rico, trying to determine whether the island's debt crisis-driven troubles – which recently put a halt on development...
Puerto Rico
30 Jun 2016
12
Senators Urge SEC To Investigate Financial Advisor Misconduct In Puerto Rico
Seven Senate Democrats called on the SEC to investigate any possible misconduct by the financial advisors of municipal entities in Puerto Rico during the years that led to the country's current "dire debt crisis."
Puerto Rico
24 Jun 2016
13
Application Of New DOL Overtime Rule To Puerto Rico
On May 18, 2016, the U.S. Department of Labor, Wage and Hour Division, announced the final changes to the regulations that govern the "white collar" overtime exemptions to the Fair Labor Standards Act ("FLSA").
Puerto Rico
24 May 2016
14
Puerto Rico Value Added Tax Takes Effect April 1, 2016
Puerto Rico will soon be replacing its existing state-level sales and use tax with a value added tax (VAT) system.
Puerto Rico
12 Apr 2016
15
Puerto Rico Supreme Court: Failure To Provide Safe, Private And Hygienic Area For Breastfeeding In The Workplace May Violate Working Mother's Constitutional Right To Privacy
In Siaca v. Bahia Beach Resort & Golf Club, LLC et al., a security guard supervisor ("the plaintiff") at a resort informed her employer that she would continue breastfeeding her child once she returned to work from maternity leave.
Puerto Rico
5 Feb 2016
16
Puerto Rico Governor Signs Law Allowing Employees To Use Accrued Paid Sick Leave To Care For Qualified Family Members
Governor Alejandro García Padilla recently signed Law No. 251 (House Bill 695), a measure that provides caregiver leave under Puerto Rico law.
Puerto Rico
12 Jan 2016
17
Proposed Changes To EB-5 Program Unlikely To Affect Puerto Rico
Congress has decided to extend the EB-5 program until September 30, of next year at which time they will revisit the matter and discuss if any reform is necessary.
Puerto Rico
5 Jan 2016
18
Supreme Court Of Puerto Rico Adopts The "Sham Affidavit By Contradiction Doctrine" And Reaffirms That Bona Fide Reorganizations Of Employers Constitute Just Cause For Termination
In what has been a string of recent favorable decisions for employers, the Supreme Court of Puerto Rico recently issued another opinion, this time elaborating on the evidentiary standard for wrongful termination claims...
Puerto Rico
22 Dec 2015
19
Puerto Rico's Restructuring Outlook Remains Hazy
A request for unanimous consent made on Wednesday, December 9th in the Senate to a bill that would allow Puerto Rico to declare bankruptcy was unsuccessful.
Puerto Rico
16 Dec 2015
20
Update On Puerto Rico
By order dated December 4, 2015, the US Supreme Court has agreed to consider the appeal by the Commonwealth and the Government Development Bank...
Puerto Rico
10 Dec 2015
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