Official report on the tax reform

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Tax insights Learn about the federal tax filing for Puerto Rico residents

Our tax experts discuss when and how Puerto Rico residents need to report their income to the IRS, which forms to use and incentives that may be available to them. Watch the video to learn about federal tax filing

Less than a minute | 09 Apr 2025

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International business Doing business in Puerto Rico

If you are looking for alternatives to expand your current operations or investment opportunities, now is the time to bring Puerto Rico at the front and center. The beneﬁts of establishing, relocating or expanding businesses in Puerto Rico are, without a doubt, attractive and rarely surpassed by any other jurisdiction.

02 May 2024

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On October 2014, a Tax Consulting Group issued a report to the Governor of Puerto Rico including its recommendations for a new Puerto Rico Internal Revenue Code, the introduction of a new conduit entity, plus a reduction on the current taxes on income and the substitution of the sales and use tax system (IVU) for a value added tax system (VAT).

Official report on the tax reform

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