Implemented last year, the measure had increased the tax for on-island companies with more than $2.75 billion in revenues that buy goods from off-island ‘related parties’ to 6.5 percent from 2 percent.
Implemented last year, the measure had increased the tax for on-island companies with more than $2.75 billion in revenues that buy goods from off-island ‘related parties’ to 6.5 percent from 2 percent.