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Edgardo Sanabria is based in Taxand Puerto Rico where he is a partner of Alvarado Tax & Business Advisors LLC. Edgardo brings more than 25 years of diversified experience in the tax field. Prior to joining Taxand Puerto Rico, he was a tax partner at Diego Perdomo & Company, partner in charge of KPMG’s Tax Practice in San Juan, and partner in charge of Coopers & Lybrand’s Tax Practice in San Juan. Before joining Coopers & Lybrand in 1988 as a direct entry tax partner, he served as Assistant Secretary of the Treasury for Internal Revenue and Collections at the Puerto Rico Treasury Department for four years.
As Assistant Secretary of the Treasury for Internal Revenue and Collections, he was responsible for supervising six bureaus (income tax, property tax, excise tax, collections, alcohol excise tax and tax exemption). At Treasury he was directly involved in the development, drafting and approval of the 1987 Tax Reform Act and the Tax Incentives Act. He was also involved in the implementation of the Tax Reform, which included designing new forms and drafting new regulations. At Treasury he was also responsible for Internal Revenue policy setting and the review and approval of technical matters, such as rulings, regulations, closing agreements and industrial tax exemption grants.
Before joining Treasury, Edgardo worked in the audit and tax departments of KPMG (formerly known as Peat, Marwick, Mitchell & Co.). During 2004, he participated in the Puerto Rico Treasury Department’s Tax Reform Project together with Bearing Point and other local consultants. The main objectives of the project were the evaluation of the possibility of replacing the existing excise tax system with a new consumption tax, and the operational review of Treasury’s tax imposition and collection functions. Since late 2005, Edgardo has been a member of the Technical Group assisting the Puerto Rico Treasury Department in the drafting of the Tax Reform proposal. Edgardo is a former President of the Puerto Rico Society of Certified Public Accountants, of which he has held other positions such as Member of the Board of Directors and Treasurer. In the past he was also First Vice President of The Chamber of Merchants (Cámara de Comerciantes Mayoristas) and an appointed Director of the Chamber of Commerce of Puerto Rico.
He is a member of the American Institute of Certified Public Accountants and the Puerto Rico Society of Certified Public Accountants. Edgardo has a bachelor’s degree in business administration from the University of Puerto Rico.