If you are planning on doing business in Puerto Rico, information on the tax framework and updates on tax incentives are essential to keep you on the right track.
Puerto Rico offers several Acts that provide tax and business incentives to qualifying business operations that decide to establish in Puerto Rico. Qualifying industries such as scientific research and development, manufacturing operations, recycling businesses, high technology, film, agriculture, hospital facilities, hotels and related tourist activities are eligible for full or partial exemption from income, property, municipal and other taxes.
At Kevane Grant Thornton we can assist you to take advantage of these tax incentives and structure your business to maximize all the available benefits.
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