Act 20 offers a 4% corporate tax rate for Puerto Rican businesses providing services for exportation, 100% tax-exempt dividends from earnings and profits derived from the export services income of eligible businesses, and a 60% exemption on municipal taxes.
This law and others establish a legal framework of incentives designed to stimulate the establishment and development of a wide array of ventures, among them manufacturing, social media, other internet-based operations, commercial business, and the export of services.
• 4% corporate tax rate
• 100% tax-exempt dividends
• 60% exemption on municipal taxes
• 20-year decree guaranteeing these rates
Contact us today! Our professional staff will guide you through the incentives applicable to your company and how we can help you expand and build for future success.
Our blog articles are business-relevant and are made for organizations looking for advantages in today's economic climate.