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Mid-Market resilience remains, but unease is growing
Press Release Mid-Market resilience remains, but unease is growing
Mid-market business leaders around the world are less optimistic about the economic outlook over the next 12 months, with 71% expressing optimism (down two points from Q1 2025). At the same time, concerns about economic uncertainty have increased, rising six points to 61% and making it the most cited constraint to growth in Grant Thornton’s latest International Business Report (IBR).
4 min read | 16 Jun 2025
Tax Considerations for Mergers and Acquisitions
Tax Insight Tax Considerations for Mergers and Acquisitions
In the pursuit of business expansion, businesses have a wide array of options when deciding their approach on how to achieve their goals. Mergers and acquisitions (“M&A”) offer the opportunity to rapidly expand business operations while decreasing the risks associated with starting a new operation or expanding from scratch. However, M&As are not immune to tax implications for the parties involved in the transaction. As such, when considering M&A transactions, it is important to evaluate all of its implications in order to determine which type of deal is right for you. This article provides a summary of important key points that should be pondered when conducting M&A transactions.
5 min read | 30 May 2025
calendar
2025 Tax Calendar 2025 Tax Calendar
This comprehensive tax guide is designed to keep you well-informed about the tax due dates and filing requirements for both Puerto Rico and the United States. It also offers valuable tax insights for individuals, businesses, and sales and use tax considerations.
23 Jan 2025
Trending articles
Tax Insight Tax Considerations for Mergers and Acquisitions
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Our latest insights
Puerto Rico Sales and Use Tax Alert
Tax alert Puerto Rico Sales and Use Tax Alert
Puerto Rico Senate presented Bill No. 1016 proposing a Sales and Use Tax (SUT) exemption period of three(3) days in the mont of June covering the sale of essential articles needed to be prepared for the hurricane season There is a verdict in the case of South Dakota v. Wayfair. On June 21, 2018, The Supreme Court has decided that remote sellers have to collect the sales taxes in States where they have no physical presence.
06 Jul 2018
Industries
Industries
Insightful and objective solutions to the challenges facing businesses today
26 Jun 2018
Leaders can build risk- resilient organizations
Advisory Leaders can build risk- resilient organizations
How boards and executive teams communicate about risk, among themselves and through the ranks, determines much of the organization’s approach to risk. Leaders who have been focused on risk management primarily as compliance typically need to examine and discuss the broader risk picture.
26 Jun 2018
IBR and Growth IQ
IBR and Growth IQ
International Business Center
25 Jun 2018
Back to school tax free periods during 2018-19
Tax Back to school tax free periods during 2018-19
The Puerto Rico Treasury Department released Internal Revenue Circular Letter 18-10 to establish the dates for the back to school tax free periods for the fiscal year 2018-2019 and also to establish the articles that will be exempt from Sales and Use Tax (“SUT”) during these periods.
22 Jun 2018
SEC proposes amendments to Regulation S-X, Rule 2-01
Audit SEC proposes amendments to Regulation S-X, Rule 2-01
The SEC has issued a Proposed Rule, Auditor Independence with Respect to Certain Loans or Debtor-Creditor Relationships, which is designed to amend certain provisions of the auditor independence requirements under Regulation S-X, Rule 2-01.
20 Jun 2018
State Insurance Fund- annual payroll statement
Outsourcing State Insurance Fund- annual payroll statement
It is the duty of every employer to insure his/her employees against all work-related injuries, illnesses or death with the Puerto Rico State Insurance Fund Corporation (CFSE) Worker’s Insurance.
18 Jun 2018
Transfer Pricing in Puerto Rico: the conversation continues
Tax Alert Transfer Pricing in Puerto Rico: the conversation continues
The Puerto Rico Code establishes a 51% limitation on the amount of deductions that an entity can take for expenses paid to related entities outside Puerto Rico or on allocations of expenses made to the Puerto Rico entity.
15 Jun 2018
Percentages set for the employee-retention tax credit
Tax Alert Percentages set for the employee-retention tax credit
The Disaster Tax Relief and Airport and Airway Extension Act of 2017 was amended by the Bipartisan Budget Act of 2018 to establish that Puerto Rico employers will benefit from a tax credit of the total qualified wages paid to each eligible employee during the period the business was rendered inoperable after Hurricanes Irma or María.
14 Jun 2018
New procedures and requirements for estate tax in PR
Tax Alert New procedures and requirements for estate tax in PR
On May 14, 2018 the Puerto Rico Treasury Department issued Administrative Determination 18-09 establishing the procedures for opening deceased’s safety deposit boxes in Puerto Rico and clarifying the new rules to obtain the Certificate of Cancellation of Lien over estate’s assets (cancellation of lien). It also released the new Puerto Rico Estate Informative Tax Return
31 May 2018
Puerto Rico Tax authorities embrace digitization
Tax Alert Puerto Rico Tax authorities embrace digitization
Digitization is allowing tax authorities in Puerto Rico to collect tax data in real time or near real time, and use the information to respond quickly and in targeted ways to perceived compliance risks.
23 May 2018
PR Treasury issues guidance on employee retention credit
Tax Alert PR Treasury issues guidance on employee retention credit
The Disaster Tax Relief and Airport and Airway Extension Act of 2017 (the “Act”) allows relief measures for zones and areas that were affected by Hurricanes Harvey, Irma and Maria. Of particular interest was the concession of a business tax credit to employers for employee retention on disaster areas under the U.S. Internal Revenue Code of 1986, as amended (the “IRC”).
22 May 2018
New regulation of the PR unemployment insurance program
Outsourcing Alert New regulation of the PR unemployment insurance program
On April 27, 2018, The Puerto Rico Department of Labor and Human Resources informed the intention to adopt a new regulation for the administration of the unemployment insurance program.
21 May 2018
group meeting
Audit Alert Highlights from FASB's March 7 meeting
On March 7, the FASB met to discuss stakeholders’ comments on two proposed ASUs featuring targeted improvements to the new leasing guidance and amendments to the disclosure requirements for fair value measurement. These discussions are summarized below.
16 May 2018
Is your internal audit function artificially intelligent?
Advisory Alert Is your internal audit function artificially intelligent?
In recent years, the world has seen exponential growth in the amount of data being captured, processed and stored by organizations, mirrored by a relative reduction in the cost of data storage itself. As a result, the timely, accurate analysis and appropriate management of these vast amounts of data (‘big data’) is where organizations can recognize real business value.
15 May 2018
The proposed Puerto Rico tax reform
Tax Alert The proposed Puerto Rico tax reform
On April 16, 2018, Gov. Ricardo Rosselló presented the House of Bill and Senate HB 1544 to amend the 2011 Puerto Rico Internal Revenue Code. The proposed reform seeks to simplify our existing tax structure not only by effecting fiscal measures that promote economic growth but also by fostering an environment of voluntary compliance from all sectors.
30 Apr 2018
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