May 15, 2021

PR Headline News

Top Stories Without The Fluff

First sales period without IVU for school uniforms and supplies announced

The first period of sale of school uniforms and materials for the fiscal year 2020-2021 free of the payment of the Sales and Use Tax (IVU), will begin this Wednesday and will last until Saturday, August 1, 2020, they announced This afternoon Governor Wanda Vázquez Garced and the Secretary of the Department of the Treasury, Francisco Parés Alicea.

“In accordance with the current Executive Order that seeks to avoid the conglomeration of people and orders merchants to follow social distancing protocols to avoid the spread of COVID-19, this year the period of school sales without IVU is extended for four days, "said the first executive in writing.

Parés Alicea explained:" The sale will begin at 12:01 A.M Wednesday, July 29 and will end at 12:00 midnight on Saturday, August 1, 2020 . In this way, consumers will have more time to schedule their purchases, following security measures. ”

The Secretary of the Treasury urged consumers and merchants to review Circular Letter 20-31 with the list of articles. exempt from payment, available on the website Publications section.

For her part, the secretary of the Department for Consumer Affairs (DACO), Carmen Salgado, made a call to merchants to correctly label items IVU-free or on sale so that consumers have a better shopping experience during the exempt period in times of tight economic conditions .

“It is extremely important that the lettering is clear and that it does not lend itself to interpretation. Likewise, businesses must ensure they have the availability of products announced in the special sheets and comply with the granting of the 'lay away' or 'rain check'. Consumers who have difficulties may receive guidance by calling 787-722-7555. In the same way, they can send us the information of any complaint or irregularity in businesses through confidences on the website ”, recommended Salgado.

Among the exempt school materials They are: folders, school bags, erasers, calculator, chalk, tape, crayons, markers, pens, pencil sharpeners, pencils, scissors and rulers. This also includes lunch boxes, compass, notepads, glue, paper and pencil boxes, among others .

“You must remember that all printed books, electronic books and notepads purchased in retail, of any size , are exempt from paying IVU throughout the year. The exemption is as much for the purchase as for rent, "said the head of the Treasury.

Art or music materials and school instructional materials may also be purchased free of IVU.

The sale of uniforms or school supplies on time or 'lay away', will qualify for the exemption from the IVU, when the final payment is made during the days determined in the period. Likewise, items purchased with vouchers or 'rain checks' will qualify for those days, regardless of the date it was issued.

Items qualifying for exemption from SUT, which are purchased during the exempt period using a certificate or Gift card will be exempt regardless of when the gift certificate or gift card was purchased. Items purchased through the mail, by phone, email or internet will be exempt from the SUT, when the item is paid and delivered to the buyer during the established period.

For additional information related to the provisions of this Charter Circular, you can visit the website and the official account @DptoHacienda, on Twitter and Facebook.

Source link