Has your sales footprint expanded to Puerto Rico?
If so, it’s critical that you understand the tax implications of your activities.
Puerto Rico has its own unique hybrid sales tax structure, set of requirements, and compliance systems that can be difficult to navigate for sales tax pros. Puerto Rico has also adopted post-Wayfair economic nexus thresholds that you will need to monitor your sales against to ensure your company is compliant.
This 90-minute webinar will help clear the air for Puerto Rico sales tax requirements. You’ll learn Puerto Rico sales tax essentials like rates and rules, nexus standards, and the compliance process for filing returns so you can sell into the island with confidence. We’ll also cover how to determine what Puerto Rico considers to be nexus-creating activities and what you might do if you already have an obligation but are not yet compliant. More details
Who should attend?
This webinar is intended for financial and operations personnel—including those in the tax, general accounting, accounts payable, sales, tax technology, purchasing and credit area—who work in companies or with clients that are (or may be) tasked with managing Puerto Rico sales tax as part of their responsibilities. The course is also designed for general practitioners who want to gain experience and exposure to Puerto Rico sales tax.
Junior Regulatory Counsel, Sovos
David Armas is a Junior Regulatory Counsel at Sovos in the Regulatory Analysis and Design Department with a focus on domestic sales and use taxes and related fees. David is a member of the Massachusetts Bar and holds a Bachelor of Science in Computational Mathematics from Embry-Riddle University, as well as a Juris Doctor from Boston College Law School.
Vice President of Regulatory Analysis and Design, Sovos
As vice president of regulatory analysis and design at Sovos, Chuck Maniace lives and breathes tax. For him, job No. 1 is ensuring Sovos customers remain fully compliant as rates, rules and requirements change around them. When Chuck signed up to become an indirect tax expert more than 17 years ago, he had no preconceived notions about his work garnering significant public attention. Today, Chuck is a respected industry voice routinely appearing in publications such as the Wall Street Journal, Forbes, and Bloomberg. He has been listed among Accounting Today’s Top 100 Most Influential people for 2019, 2020, and 2021.
Marisol Medina Santos
Regulatory Specialist, Sovos
Marisol is a Regulatory Specialist at Sovos. Additionally, she is a Tax Certified Specialist by the Puerto Rico Department of Hacienda.
Diane Yetter, Session Moderator
President & Founder, YETTER Tax and Sales Tax Institute
If you currently do business or are planning to do business in Puerto Rico, you need to be aware of the key sales tax issues and the unique tax situation on the Island of Enchantment.
Puerto Rico’s sales tax or Impuesto Sobre Ventas y Uso (IVU) is a hybrid system, containing elements of both value added tax and traditional U.S. sales tax. The vast majority of information found on the Puerto Rico Departamento de Hacienda (Puerto Rico’s equivalent to a department of treasury/revenue) is in Spanish, which can make it feel daunting for non-Spanish speakers to understand how this hybrid sales tax works, what it applies to, and how to complete processes like registration and filing returns.
With collection requirements in place for both remote sellers and marketplace facilitators, effective January 1, 2021, there’s no time like the present to dig into Puerto Rico sales tax requirements so you are prepared to handle your obligations.
This webinar will address the essential elements and requirements of Puerto Rico sales tax as well as practical challenges for companies doing business on the island.
This 90-minute live webinar is taught by David Armas, Charles Maniace, and Marisol Medina Santos of Sovos and moderated by Diane Yetter of the Sales Tax Institute. This expert panel will provide you with key sales and use tax information for Puerto Rico. They will teach you characteristics of the tax, taxability and rate information, nexus rules, administrative processes, and more.
During the live Q&A portion of the webinar, you can get answers to your specific Puerto Rico sales tax questions directly from David, Charles, Marisol, and Diane.
Webinar attendees can earn 1.5 hours of CPE credit in the “Taxes” field of study
Prerequisites: This course requires no prerequisites or advance preparation.
Program Level: Basic
Delivery Method: Group Internet-Based
Additional Information about CPE
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