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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!

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Understanding Use Permits for Virtual Offices in Puerto Rico

Understanding Use Permits for Virtual Offices in Puerto Rico

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...

Aug 182 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...

Aug 51 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...

May 121 min read

New Law Alert: Act 13-2025 Credit for Donations to the Foundation of the Palace of Santa Catalina

New Law Alert: Act 13-2025 Credit for Donations to the Foundation of the Palace of Santa Catalina

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...

Apr 211 min read

A Long-Awaited Boost for Renters and Landlords in Puerto Rico

A Long-Awaited Boost for Renters and Landlords in Puerto Rico

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...

Apr 82 min read

Puerto Rico’s New Incentives Bills: A Strategic Split—And a Push Toward Local Equity

Puerto Rico’s New Incentives Bills: A Strategic Split—And a Push Toward Local Equity

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 ,...

Apr 72 min read

What Qualifies as a Manufactured Product in Puerto Rico?

What Qualifies as a Manufactured Product in Puerto Rico?

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...

Mar 132 min read

Young Entrepreneurs Incentives in Puerto Rico: A Smart Start for Your Business

Young Entrepreneurs Incentives in Puerto Rico: A Smart Start for Your Business

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...

Mar 131 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...

Mar 131 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....

Jan 301 min read

Boosting Tourism in Puerto Rico: Tax Credits and Incentives You Should Know

Boosting Tourism in Puerto Rico: Tax Credits and Incentives You Should Know

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...

Jan 301 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...

Jun 11, 20242 min read

Mastering Economic Growth: Leveraging Government & Incentives Expertise for Strategic Growth

Mastering Economic Growth: Leveraging Government & Incentives Expertise for Strategic Growth

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...

May 28, 20242 min read

Why Tax Incentives in Puerto Rico Aren’t a DIY Ordeal

Why Tax Incentives in Puerto Rico Aren’t a DIY Ordeal

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...

May 24, 20242 min read

Powering a Sustainable Future: Energy Transformation in Puerto Rico Post-Hurricane Maria

Powering a Sustainable Future: Energy Transformation in Puerto Rico Post-Hurricane Maria

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...

Apr 23, 20243 min read

Is Puerto Rico the right move for you?

Is Puerto Rico the right move for you?

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...

Apr 23, 20242 min read

Navigating Puerto Rico’s Tax Incentives: Your FAQ Guide

Navigating Puerto Rico’s Tax Incentives: Your FAQ Guide

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,...

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...

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...

Jun 28, 20232 min read

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