Our Tax Practice specializes in helping clients secure and maximize the benefits of tax decrees and incentives in Puerto Rico.
We provide tailored guidance to individuals and businesses seeking to take advantage of Puerto Rico’s unique tax incentives, such as those offered under former Acts 20, 22, and all those consolidated under Act 60-2019, which are designed to attract investment and stimulate economic development. Our team works closely with clients to understand their goals, prepare thorough applications, and ensure compliance with all regulatory requirements to secure the desired tax benefits.
We assist clients in navigating the application process for tax decrees, streamlining the complexities and ensuring all eligibility criteria are met. This includes preliminary advice regarding eligibility, preparing petition under Act 60, prosecuting petition under Act 60, and negotiating decrees with the government.
Once the decrees are secured, we offer ongoing advice to ensure compliance with the requirements of the incentives, including annual compliance reporting, and helping clients avoid penalties and maintain their tax advantages. From reduced corporate tax rates and exemptions on dividends to personal tax benefits for individual investors, we ensure our clients fully understand and capitalize on these opportunities.
With our deep understanding of Puerto Rico’s tax codes and economic incentives, we provide strategic solutions to help clients optimize their tax position and achieve long-term financial success. Whether you’re an entrepreneur, investor, or business owner, our dedicated team is here to guide you through every step of the process, helping you unlock the full potential of Puerto Rico’s tax incentive programs.