Incentives

In addition to establishing bona fide residency in Puerto Rico, one of the requirements of the Act 22 (now Act 60 Individual Resident Investor) program is a yearly donation to

Puerto Rico Governor Wanda Vázquez signed into law a new bill that spells a major change for holders of Puerto Rico’s Act 22 and Act 60 Individual Resident Investor tax

On February 21, 2020, the IRS published an updated and revised Publication 570 – Tax Guide for Individuals With Income From U.S. Possessions (“Publication 570”). Publication 570 provides detailed information

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

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,

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

As of January 1, 2020, Act 20 and 22 have been replaced by Act 60, which brings with it some changes to the requirements. We have reviewed the language of

Puerto Rico’s status as a top tax haven is undisputed. Each year, the island welcomes new, ambitious Americans and others who wish to keep more of their money while enjoying