Sales tax

Requirement

Puerto Rico sales taxes are applied to the sale or lease of goods and services. Although no general national sales tax rate exists, particular goods and services attract government-levied sales tax rates.

M3 solution

M3 delivers generic functionality that supports the calculation, accounting, reporting and reconciliation of sales tax. Sales tax may be calculated in M3 or it is possible to connect to a third-party system, AvaTax or Vertex, to process all sales tax or just sales tax on customer invoices, with sales tax on supplier invoices being processed in M3.