top of page
Welcome
to
Taxonomía Boricua Blog
Welcome to Taxonomía Boricua! In this space, we break down Puerto Rico's tax world with a unique and organized approach, helping you understand business tax incentives and planning strategies. Whether you're a local entrepreneur or exploring opportunities on the island, you'll find the information you need to make informed decisions. Explore, learn, and feel free to reach out if you have any questions!
Search


Plan de Pago vs. Oferta y Compromiso de Pago con Hacienda en Puerto Rico: Diferencias Clave
En la práctica, es más común de lo que pensamos. Surge una deuda contributiva y no siempre sabemos qué hacer, a quién acudir o cuál es el próximo paso correcto. A veces se trata de una etapa difícil, un negocio que no produjo lo esperado o simplemente falta de orientación. El resultado suele ser el mismo: el asunto se posterga y, mientras tanto, los intereses, penalidades y recargos siguen aumentando, generando ansiedad e incertidumbre. Cuando un contribuyente enfrenta deudas

Caroline Lopez
Jan 93 min read


Understanding Use Permits for Virtual Offices in Puerto Rico
In Puerto Rico, businesses that operate from a virtual office must comply with certain permitting requirements, just as they would with a...

Caroline Lopez
Aug 18, 20252 min read
New Law 78-2025: Prescription Medications Exempt from Inventory Tax in Puerto Rico
Act 78-2025, recently enacted by the Legislative Assembly, exempts prescription medications from the inventory tax, a measure designed to...

Caroline Lopez
Aug 5, 20251 min read
New Circular Letter: Clarification of Procedures Under the Puerto Rico Incentives Code and Prior Incentive Laws
On May 3, 2025, the Puerto Rico Department of Economic Development and Commerce ("DDEC") issued a circular letter clarifying certain...

Caroline Lopez
May 12, 20251 min read


New Law Alert: Act 13-2025 Credit for Donations to the Foundation of the Palace of Santa Catalina
Act 13-2015 was recently enacted to encourage private donations to support the preservation of the Palace of Santa Catalina, also known...

Caroline Lopez
Apr 21, 20251 min read


A Long-Awaited Boost for Renters and Landlords in Puerto Rico
Puerto Rican Capitol In the face of a challenging housing market, a long-awaited bill has been introduced to support access to affordable...

Caroline Lopez
Apr 8, 20252 min read


Puerto Rico’s New Incentives Bills: A Strategic Split—And a Push Toward Local Equity
Puerto Rico continues to refine its economic strategy through targeted tax incentives. A new legislative measure— House Bill A-051 ,...

Caroline Lopez
Apr 7, 20252 min read


What Qualifies as a Manufactured Product in Puerto Rico?
Manufacturing plays a key role in Puerto Rico’s economy, especially for businesses looking to benefit from tax incentives under Act 60...

Caroline Lopez
Mar 13, 20252 min read


Young Entrepreneurs Incentives in Puerto Rico: A Smart Start for Your Business
Who Qualifies for Act 60? Starting a business is exciting, but having the right incentives can make all the difference. Puerto Rico...

Caroline Lopez
Mar 13, 20251 min read
New Circular Letter on the 2024 Pass-Through Entity Tax Return
The Puerto Rico Department of Treasury ("Hacienda") has issued Circular Letter of Internal Revenue No. 25-05 , outlining the procedures...

Caroline Lopez
Mar 13, 20251 min read
Puerto Rico Taxation & The Section 933 Exclusion: A Strategic Opportunity for U.S. Taxpayers
Puerto Rico offers a unique tax environment that combines the benefits of its status as a U.S. territory with its own tax code. For U.S....

Caroline Lopez
Jan 30, 20251 min read


Boosting Tourism in Puerto Rico: Tax Credits and Incentives You Should Know
Puerto Rico is a prime destination for tourism investment, and Act 60 makes it even more attractive. Under this framework, eligible...

Caroline Lopez
Jan 30, 20251 min read
Avoid These Common Tax Planning Mistakes for Businesses in Puerto Rico
Tax planning is a critical aspect of business management in Puerto Rico, where the local laws, regulatory landscape, and unique business...

Caroline Lopez
Jun 11, 20242 min read


Mastering Economic Growth: Leveraging Government & Incentives Expertise for Strategic Growth
In the ever-evolving landscape of incentives and economic development, understanding the intricacies of government processes and public...

Caroline Lopez
May 28, 20242 min read


Why Tax Incentives in Puerto Rico Aren’t a DIY Ordeal
Tax incentives in Puerto Rico offer substantial benefits, attracting numerous individuals and businesses seeking to minimize their tax...

Caroline Lopez
May 24, 20242 min read


Powering a Sustainable Future: Energy Transformation in Puerto Rico Post-Hurricane Maria
Introduction: In the aftermath of Hurricane Maria, Puerto Rico faced unprecedented challenges, including widespread power outages and...

Caroline Lopez
Apr 23, 20243 min read


Is Puerto Rico the right move for you?
After more than a decade since the inception of Acts 20 and 22, now Chapters 2 and 3 of the Puerto Rico Incentives Code, there's been...

Caroline Lopez
Apr 23, 20242 min read


Navigating Puerto Rico’s Tax Incentives: Your FAQ Guide
1. What are Puerto Rico’s tax incentives, and how do they work? Puerto Rico offers a unique set of tax incentives under Act 60-2019,...

Caroline Lopez
Apr 23, 20242 min read
Export Services
Under Act 60 in Puerto Rico, also known as the "Incentives Code," Chapter 3 incentives are provided to encourage the establishment and...

Caroline Lopez
Jun 28, 20232 min read
Unleashing the Power of Expertise: Why You Should Hire an Act 60 Tax Attorney
Thinking about moving your business to Puerto Rico? When it comes to navigating the complex world of international tax, it's easy to fall...

Caroline Lopez
Jun 28, 20232 min read
bottom of page
