OVERVIEW

Does your company provide a service to a large market? Call us now to see if your company qualifies for any of Puerto Rico’s new tax incentives.

Act 20 and 22 make Puerto Rico the choice to maximize tax benefits AND your quality of life.  With TCI as your incentives partner, all the benefits of Puerto Rico can easily be yours.

Because Tax Credits International is an Act 20 company, and its President, Bruce Deichl, has received an Act 22 decree, TCI’s experience and knowledge is first-hand. Our goal is to guide you through the entire process, from the registration of your company here in Puerto Rico, through the application process, from registration of your company here in Puerto Rico, through the application process, to post-decree compliance. We partner with you every step of the way!

ACT 22 (Export Services) tax benefits include:

  • a 4% fixed income tax rate for your export services company income
  • 100% tax exemption on dividends or profit distributions from the export service business
  • 60% tax exemption on municipal taxes
  • 90% tax exemption from real and personal property taxes

ACT 20 (qualified PR residents) tax benefits include:

  • 100% tax exemption from Puerto Rico income taxes on all dividends
  • 100% tax exemption from Puerto Rico income taxes on all interest
  • 100% tax exemption from Puerto Rico income taxes on all short-term, and long-term capital gains accrued after the individual becomes a bona-fide resident of Puerto Rico.ng tax benefits under Act 22.  (Special rules apply to built-in gains.)

How Tax Credits International can help:

  • Preliminarily analyze the Applicant’s Act 20/Act 22 eligibility
  • Prepare the Act 20/Act 22 application
  • Meet with the government officials to discuss the Applicant’s eligibility (if necessary)
  • Submit the final Act 20/Act 22 application
  • Monitor the approval process with government officials on behalf of the Applicant to ensure progress.
  • Prepare and file the Applicant’s entity formation papers
  • Obtain a Tax Identification Number (IDN) on behalf of the Applicant
  • Register the Applicant
  • Register with the Puerto Rico Department of Treasury upon approval

 

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