Puerto Rico Opens Bids for Consulting on OECD Global Minimum Tax

The Puerto Rico Treasury Department plans to award a three-year contract for international tax consulting services as the island considers implementation of the global corporate minimum tax deal in the US territory.

The agency confirmed Monday that it started to accept proposals from prospective advisory firms qualified to offer guidance to the local government regarding the global corporate tax deal’s impact. The Organization for Economic Cooperation and Development’s framework aims to establish a 15% minimum tax on the profits of large multinational corporations in the countries where they operate. The deadline for submissions is Dec. 29.

Treasury Secretary Francisco ...