Blog: Articles to Help You Navigate Puerto Rico
-
The Withholding Requirements for Independent Contractors
The Withholding Requirements for Independent Contractors In general, companies or individuals in Puerto Rico paying for services rendered must withhold a certain percentage of the amount paid for tax purposes,
Read MoreDecember 23, 2019 -
What to Do Over the Holidays in Puerto Rico
What to Do Over the Holidays in Puerto Rico It’s the holiday season again, and it’s a lovely time of year to spend quality time with your family and
Read MoreDecember 12, 2019 -
What is the GILTI Tax, and How Does It Affect Non-Resident Export Services Tax Incentive Decree Holders?
Introduced on January 17, 2012, the Puerto Rican Export Services Act, better known as Act 20, was designed to help accelerate the economic recovery of Puerto Rico by attracting new
Read MoreDecember 12, 2019 -
What Permits Are Needed to Operate a Business in Puerto Rico?
What Permits Are Needed to Operate a Business in Puerto Rico? The Top Five Most Common Permits The type of permits a business needs depends on its industry, operation, and
Read MoreDecember 9, 2019 -
Puerto Rico Incentives Code (Act 60–2019) Signed into Law
SAN JUAN, PR, November 8, 2019 – Governor of Puerto Rico, Ricardo Rosselló, signed Act 60–2019, commonly known as the Puerto Rico Incentives Code, into law on July 1, 2019,
Read MoreNovember 11, 2019 -
New Procedures on the Single Business Portal
New Procedures on the Single Business Portal In July 2018, Puerto Rico’s Department of Economic Development and Trade (abbreviated DDEC in Spanish) launched a new digital portal known as
Read MoreOctober 23, 2019 -
Info on the Puerto Rico Treasury’s 7% Tax on Prepared Foods
Info on the Puerto Rico Treasury’s 7% Tax on Prepared Foods Good news for restaurant owners and patrons in Puerto Rico—as of October 1, 2019, the Puerto Rico Treasury has
Read MoreOctober 23, 2019 -
What to Do on Halloween in Puerto Rico
What to Do on Halloween in Puerto Rico Like the mainland, the United States’ Caribbean territory of Puerto Rico also celebrates Halloween, with children donning costumes and knocking on
Read MoreOctober 23, 2019 -
How to Hire Employees in Puerto Rico
All over Puerto Rico are businesses that operate under Puerto Rico’s Export Services tax incentive, formerly known as Act 20. Going forward, new Export Services businesses established under Act 60,
Read MoreAugust 31, 2019 -
The 2020 Guide to the Foreign Earned Income Exclusion for Expats
Tax season is always stressful, especially for expats, whose income is subject to double taxation. U.S. citizens on foreign soil pay income tax to the host country’s government as well
Read MoreAugust 26, 2019
