Client Alerts

NEW JOINT REGULATION TO ENFORCE ACT NO. 42-2015, AS AMENDED (PAYMENT ALTERNATIVES)

On November 18, 2016 the Department of Treasury (“Treasury”) and the Department of Consumer Affairs (“DACO”, for its Spanish acronym) filed with the Department of State a joint regulation to enforce the provisions of Act No. 42-2015, as amended (the “Act”), requiring (i) licensed service providers and (ii) commercial establishments to offer their clients at .

New proposed joint regulation to enforce Act No. 247-2015, as amended (Prohibition of Disposable Plastic Bags)

On November 30, 2016 the Department of Consumer Affairs (“DACO”, for its Spanish acronym) and the Solid Waste Authority (“Authority”) filed with the Department of State a joint regulation to enforce the provisions of Act No. 247-2015 (the “Act”). The regulation will be effective 30 days after its filing, December 30th.
Starting on December .

New Guidelines Regarding Calculation of Alternative Minimum Tax by Corporations

On March 28, 2016, the United States District Court for the District of Puerto Rico issued an order and opinion in the case Wal-Mart Puerto Rico Inc. v. Juan Z. Zaragoza Gómez, Civil No. 3:15-cv-03018 (“Walmart Case”), where it declared invalid one of the components of the Alternative Minimum Tax (“AMT”) calculation, more specifically Section .

CHANGES TO THE PUERTO RICO DEPARTMENT OF HEALTH’S

REGULATION NUMBER 8766 OF 2016
During the summer of 2016 the Commonwealth of Puerto Rico’s Department of Health (the “Department of Health”) adopted Regulation No. 8766 of 2016 (“Regulation No. 8766”), repealing Regulation No. 155 of 2015, which had been enacted to regulate the use, possession, farming, manufacture, dispensation, distribution and investigation of medical marihuana .

Client Alerts

NEW JOINT REGULATION TO ENFORCE ACT NO. 42-2015, AS AMENDED (PAYMENT ALTERNATIVES)

On November 18, 2016 the Department of Treasury (“Treasury”) and the Department of Consumer Affairs (“DACO”, for its Spanish acronym) filed with the Department of State a joint regulation to enforce the provisions of Act No. 42-2015, as amended (the “Act”), requiring (i) licensed service providers and (ii) commercial establishments to offer their clients at .

New proposed joint regulation to enforce Act No. 247-2015, as amended (Prohibition of Disposable Plastic Bags)

On November 30, 2016 the Department of Consumer Affairs (“DACO”, for its Spanish acronym) and the Solid Waste Authority (“Authority”) filed with the Department of State a joint regulation to enforce the provisions of Act No. 247-2015 (the “Act”). The regulation will be effective 30 days after its filing, December 30th.
Starting on December .

New Guidelines Regarding Calculation of Alternative Minimum Tax by Corporations

On March 28, 2016, the United States District Court for the District of Puerto Rico issued an order and opinion in the case Wal-Mart Puerto Rico Inc. v. Juan Z. Zaragoza Gómez, Civil No. 3:15-cv-03018 (“Walmart Case”), where it declared invalid one of the components of the Alternative Minimum Tax (“AMT”) calculation, more specifically Section .

CHANGES TO THE PUERTO RICO DEPARTMENT OF HEALTH’S

REGULATION NUMBER 8766 OF 2016
During the summer of 2016 the Commonwealth of Puerto Rico’s Department of Health (the “Department of Health”) adopted Regulation No. 8766 of 2016 (“Regulation No. 8766”), repealing Regulation No. 155 of 2015, which had been enacted to regulate the use, possession, farming, manufacture, dispensation, distribution and investigation of medical marihuana .