We have a new Tax reform law, and there are some questions people have about this. I will try to go over some of them to give you a clearer picture of what comes ahead.
Law #9416, the Law to Improve the Fight Against Tax Fraud (Ley Para Mejorar La Lucha Contra El Fraude Fiscal) has been promulgated. The law requires all corporations to submit information to the National Registry of Corporate Shareholders (Registro De Transparencia Y Beneficiarios Finales), and includes the requirement that the person authorized by the corporation to make the submission have a Digital Signature (Firma Digital). The law and this requirement have caused some confusion among our members. The following explains what a Digital Signature is, how to use it, and where to obtain one.
To our clients that have a change of residency pending with us, and to all our members: