Doctors who qualify for the incentives can now receive an income tax exemption on the first $500,000 of their taxable net income, a total exemption from property tax on personal property, and an exemption from municipal taxes for a period of three years.
The Corporate Transparency Act (CTA) became federal law in the United States on January 1, 2024. This legislation requires certain companies to provide detailed information to the United States Department of the Treasury about individuals who hold ultimate control over the entity, whether directly or indirectly. The CTA has a clear purpose: to combat practices …
New registration requirement for all existing and new entities Read More »
Puerto Rico Law 132 of 2010, also known as the “Law to Incentivize Property Acquisition and Promote the Construction Industry in Puerto Rico,” was enacted with the purpose of stimulating investment in property acquisition and promoting the development of the construction industry on the island. Here are its key points: It’s important to note that …
Tax-Free Income – Law to Incentivize Property Acquisition Read More »
We have a strong practice in Act 60 for Export Services & Commerce and for Individual Investors (formerly Acts 20/22). We counsel and advise clients who are seeking to relocate to Puerto Rico to benefit from these tax incentives. Act 60 is a law that provides tax benefits for businesses and individuals who relocate to …
Act 60 for Export Services & Commerce and for Individual Investors (formerly Acts 20/22) Read More »
