by Torres CPA Group
In this issue: As a supplement to the tax incentives provided by Acts 20 and 22, some municipalities of Puerto Rico have added benefits to promote the development of businesses and enterprises in their regions. Following we present a summary of the actions...
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...
