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Withholding to resident recipients

Withholding to resident recipients

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Withholding to Resident Recipients Payments made by any person in business in excess of $1,500 to another person (individual or entity) for services performed within Puerto Rico are subject to a seven percent (7%) withholding. Any in-kind payment is considered a...
Puerto Rico Business Personal Property

Puerto Rico Business Personal Property

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Business entities that on January 1 own personal property that is used to conduct business in Puerto Rico are subject to the personal property tax in the municipality where it is located, unless otherwise exempt. Such tax is computed on the net book value of taxable...