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IVU tax and the Internet

As I understand the government is working on a set of laws that will fine companies in the Internet that do not report to the government where products were delivered and fail to advice the consumers that such purchases may be subject to the IVU.

Assuming this does happens, items purchased in the Internet will be subject to the 11.5% tax, while companies will not be required to retain the money, they would be forced to send monthly a letter to the purchaser stating the values of all purchases and that the purchase may be subject to the 11.5% tax. It would also obligate the seller to send a report to the government stating the amount payed and the address where it was delivered to. This is to allow the municipals to get their cut and the central government to get their cut.

How they will enforce those companies to report it and how they will enforce the fines to those companies that do not report, is unknown at this time, but they are working on it, be advised.

Several people have reported that it would still be cheaper to purchase in the Internet, they give a refrigerator as an example. a 3,100 refrigerator in PR lists for 1,800 in the states and after a 480 shipping charge and IVU, it is still cheaper that going to the store. In this example the refrigerator would cost 1,800 + IVU would be 2,007 plus transportation of 480, the total cost would be 2,487 compared for the in store charge of 3,100. It does seem to be a lot of trouble for a saving of 613 but it is a saving. You also have to make the arrangements and wait for the item to be delivered.

Just something to keep in mind
Rey

There are many states in the mainland that still haven't gotten that ironed out.

Many online  companies won't ship to Puerto Rico as it is, Amazon ships here, some people on eBay will ship here, how will this affect an already bad situation.

Is like some people had said, how can they force a company in Japan or China to comply? Mail is federally regulated, the local government will not be able to block the shipping, nor they can fine a company that doesn't have a presence in the island. How about the regular re seller that ships goods to the island customers?

Spencerazac :

Many online  companies won't ship to Puerto Rico as it is, Amazon ships here, some people on eBay will ship here, how will this affect an already bad situation.

It will make it worse, more companies may decide the new rules are not worth the aggravation.

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