Tax Incentives and Tax Law in Puerto Rico
For companies doing business in Puerto Rico, corporate tax rates can vary widely. Before you consider a manufacturing, energy, renewable energy, agricultural, hotel or tourism project, or an export-centered business or facility, it pays to closely examine Puerto Rico's tax incentives and engage in careful tax planning. An attorney with in-depth knowledge of local and international tax regulations, exemptions, credits and incentives is an invaluable tool that can literally save your business millions of dollars a year.
Adsuar Muñiz Goyco Seda & Pérez-Ochoa, P.S.C. has the experience, knowledge and skill your company needs. We have worked with many companies seeking to take advantage of Puerto Rico's tax exemptions, credits and incentives. We can work with you to structure organizations and transactions properly to ensure eligibility for optimum tax benefits, help you comply with all applicable tax laws and manage dealings with Puerto Rico government entities, including PRIDCO, the Tourism Company, the Treasury Department and local municipalities.
Fernando Goyco-Covas, head of our firm's tax department, has over 30 years of experience handling taxation matters for local and multinational companies. He has helped hundreds of businesses:
- Structure operations, negotiate complex business transactions and structure financial products for the local market
- Litigate tax disputes in Puerto Rico's courts
- Ensure eligibility for Puerto Rico's generous tax incentives
A recognized expert in Puerto Rican tax law, Mr. Goyco-Covas published "How Puerto Rico is a Tax Haven for the US" in the November 2005 edition of the International Tax Review as well as the tax practitioner chapter of Commerce Clearing House's Puerto Rico Tax Service. In addition, he is a frequent lecturer at tax seminars in Puerto Rico and in Chicago and Washington, D.C., and is a founding member of Lataxnet, a network of tax and corporate lawyers from Mexico, the Caribbean and Central and South America