by Torres CPA Group
Businesses in Puerto Rico are normally subject to payment of municipal license taxes. For non-financial businesses, such tax may be as high as 0.5% (1/2 of 1%) of the volume of business (defined as gross receipts) received or accrued during the year. The maximum rate...
by Torres CPA Group
Sales and Use Taxes (SUT) A Sale and Use Tax of eleven and a half percent (11.5%) (SUT) applies on sales of tangible personal property, taxable services, admission rights and combined transactions, subject to certain exclusions and exemptions. Designated professional...
by Torres CPA Group
Start Up New Business in Puerto Rico A newly organized or registered business in Puerto Rico must comply with the requirements of different government agencies. Registration and Authorization Before conducting business locally, all corporations or limited liability...
by Torres CPA Group
Puerto Rico has a lot to offer for businesses such as professional environment and tax benefits, because of which thousands of foreign investors have set up their ventures here. This white paper has requirements and taxes information for use by non-residents on doing...
by Torres CPA Group
In order to create, promote and develop a strong cluster of industries that export products and services, the Government of Puerto Rico has implemented a series of unparalleled tax and operational advantages and incentives. Prospect investors and entrepreneurs can...
