On August 11, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network issued a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information to FinCEN under the Corporate Transparency Act. The rule became effective on August 14, 2026.…
Puerto Rico Treasury Department has issued announcement 18-08 establishing the procedures for applying to receive state tax exempt status for non-profit organizations. Under these dispositions, entities seeking tax exempt status may submit their requests through an expedited process that could grant them status as early as 60 days from the completion of the application status. Entities seeking this expedited process…
