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Medical Services | Act 14 of 2017

Known as the Incentives to Retain and Return of Medical Professionals Act, it provides tax incentives for Qualified Medical Professionals that establish their practices in Puerto Rico. Medical professionals are required to provide their services on a full-time basis and give community services for at least 180 hours annually.

  • 4% fixed income tax rate.
  • 100% tax exemption on dividends from a Medical Services Business up to $250,000
  • … and more.

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Medical Services | Act 14 of 2017

 

Export Services | Act 20 of 2012

Export Services | Act 20 of 2012

Known as the Act to Promote the Export of Services, it provides tax exemptions and tax credits to businesses engaged in eligible activities in Puerto Rico. The eligible services must be provided from Puerto Rico to outside markets.

  • 4% fixed income tax rate.
  • 100% tax exemption on distributions from earnings and profits.
  • 90% tax exemption from real and personal property taxes for certain types of businesses (100% tax exemption for the first five years of operation).
  • 60% tax exemption on municipal taxes (90% tax exemption if business operates in the industrial development zone constituted by the municipalities of Vieques and Culebra)
  • … and more.

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Economic Incentives for the Development of Puerto Rico | Act 73 of 2008

Act No. 73 of 2008, known as the Economic Incentives Act for the Development of Puerto Rico, was established to provide the adequate environment and opportunities to continue developing a local industry, offer an attractive tax proposal, attract direct foreign investment and promote economic development and social betterment in Puerto Rico.

  • 4% fixed income tax rate.
  • 1% fixed income tax rate for innovative firms introducing  “pioneer” activities or operations in Puerto Rico.
  • 12% fixed income tax rate, withheld at source, on royalties paid to foreign entities with respect to intangible property used in the exempt business.
  • 100% tax exemption on distributions from earnings and profits.
  • 90% tax exemption from real and personal property taxes.
  • 60% tax exemption on municipal taxes.
  •  25% tax credit on purchases of products manufactured in Puerto Rico.
  • 50% tax credit on eligible research and development activity costs.
  • … and more.

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Economic Incentives for the Development of Puerto Rico | Act 73 of 2008
Film & Media Industry | Act 27 of 2011

Film & Media Industry | Act 27 of 2011

The Puerto Rico Film Industry Economic Incentives Act was enacted to solidify Puerto Rico's position as one of the leading jurisdictions for the production of film, television and other media projects. The Act provides tax exemptions and tax credits to businesses engaged in film production in Puerto Rico.

  • 4% fixed income tax rate on income derived from the production (6% to 10% fixed income tax rate in the case of studio operators).
  • 100% tax exemption on dividend distributions.
  • 90% tax exemption from real and personal property taxes.
  • 100% tax exemption on municipal taxes.
  • 100% tax exemption on excise taxes on articles imported by the grantee to be used in the eligible activities.
  • 20% tax credit on all payments to non-resident “Above-the-Line”   talent, including actors, producers, directors and writers.
  • 40% tax credit on all payments to Puerto Rico resident companies  and  individuals.
  • 25% infrastructure tax credit on costs incurred in the development of a film studio or other eligible infrastructure  project.
  • … and more.

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Green Energy | Acts 82 & 83 of 2010

The Green Energy Incentives Act provides economic incentives, tax exemptions and tax credits, to businesses engaged in the production and sale of renewable energy; Operating renewable energy production units; Businesses involved in the assembly of renewable energy equipment; and to Owners of property, real or personal, used by an exempt business in its exempt operations, such as a lessor of real estate used in operations of an exempt business.

  • 4% fixed income tax rate on income derived from the production of energy in Puerto Rico;
  • 12% fixed income tax rate, withheld at source, on royalties paid to foreign entities with respect to intangible property used in the exempt business;
  • 100% tax exemption on dividend distributions;
  • 4% fixed income tax rate on gains derived from the sale of ownership interests or substantially all the assets of the exempt business, in lieu of any other Puerto Rico income tax imposed on such gains;
  • 90% tax exemption from real and personal property taxes;
  • 60% tax exemption on municipal license taxes;
  • 25% tax credit on purchases of products manufactured in Puerto Rico;
  • 35% tax credit on purchases of products manufactured in Puerto Rico made from recycled materials;
    Tax credit for job creation during the first year of operations (from $1,000 to $5,000 per job created)
  • 50% tax credit on eligible research and development activity costs;
  • …and more.

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Green Energy | Acts 82 & 83 of 2010

 

Individual Investors | Act 22 of 2012

Individual Investors | Act 22 of 2012

The Individual Investors Act (Act 22) seeks to attract new residents to Puerto Rico by providing a total exemption from Puerto Rico income taxes on all passive income realized or accrued after such individuals become bona fide residents of Puerto Rico through December 31, 2035.

  • 100% tax exemption from Puerto Rico income taxes on all dividend and interest income.
  • 100% exemption on all capital gains accrued after becoming a new resident of Puerto Rico. These gains will not be subject to federal taxes

Physical presence in Puerto Rico for a period of 183 days during the taxable year will create a presumption of residence in Puerto Rico for tax purposes.

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Tourism Development | Act 74 of 2010

Act No. 74 of 2010 provides incentives that will allow for substantial growth of Puerto Rico’s tourism industry and all infrastructure related thereto. The Act provides tax exemptions and tax credits to businesses engaged in eligible activities in Puerto Rico.

  • Up to 90% tax exemption on income tax (100% tax exemption if business is located in Vieques or Culebra).
  • 100% tax exemption on dividend distributions.
  • 90% tax exemption from real and personal property taxes.
  • 90% tax exemption on municipal taxes.
  • Up to 100% tax exemption on excise tax on imported goods.
  • Up to 100% tax exemption on sales and use tax.
  • Up to 100% tax exemption on municipal construction excise tax
  • Tax credit equal to 50% of the cash paid for such equity investment or 10% tax credit on total project cost, whichever is lowest.
  • … and more.

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Tourism Development | Act 74 of 2010