Act 22 was established to promote the relocation of individual investors to Puerto Rico. Some of the benefits include: 0% taxon dividend and interest income for Puerto Rico residents, 0% federal taxes on Puerto Rico Sourced Income, tax decreed valid until 2026 and much more.
Act 20 provides tax exemptions and tax credits to businesses engaged in eligible activities in Puerto Rico. Some of the benefits include: 4% fixed income tax rate, 100% tax exemption on Profit and Earnings Distributions, tax exemption of 90% of personal property taxes for certain business up to first 5 years of operation, and much more.
Puerto Rico Tourism Development Act provides exemptions on tourism development income, dividends, profits and liquidating distributions. There are also exemptions on certain interest, real and personal property taxes, municipal license taxes, and volume of business taxes.
Tax Credits for investments in construction or rehabilitation of rental housing for low or moderate income families and tax credits for investments in the acquisition, construction or rehabilitation of rental housing for elderly persons.
Revitalization of Urban Centers Act (amended 2014) Provides tax credits for up to 75% of construction hard-costs limited to $5,000,000 per project and $40,000,000 per fiscal year in the aggregate.