Lower Corporate Tax Rates and Maximize Growth
Businesses relocating or expanding to Puerto Rico can also take advantage of Act 60's tax incentives. Eligible companies that generate income from clients or operations outside of Puerto Rico can benefit from reduced corporate taxes and other advantages.
Eligible Businesses for Act 60:
Some of the business types that qualify for Act 60 incentives include:
● Call centers
● Software development firms
● Business consulting services
● Advertising and PR agencies
● Research and development firms
● Data processing centers
● Investment banking firms
Other businesses may qualify as well. Contact our team to learn more about eligibility for your company.
Key Tax Benefits for Businesses:
● 4% corporate tax rate on Puerto Rican-sourced income
● 50% exemption on municipal taxes
● 75% exemption on local property taxes
●100% exemption on distributions from earnings and profits
● 100% income tax exemption for the first five years for qualifying small and medium-sized businesses
To qualify, the products or services must be produced or provided within Puerto Rico. This promotes local production and stimulates the island’s economy.
