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Latest news

Puerto Rico: Low tax jurisdiction offers attractive base to local and foreign investors

Puerto Rico has seen GDP increase of 11% growth in its economy since 2019, despite the challenges felt globally from COVID 19, to global recession and supply chain challenges.

Corporate Transparency Act – Beneficial Ownership Information Reporting Requirements

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a Final Rule addressing reporting obligations concerning beneficial ownership information (“BOI”) under the Corporate Transparency Act (“CTA”)

2023 Puerto Rico Direct and Indirect Annual Statutory Tax Returns – When and where to file

The Puerto Rico Internal Revenue Code (“Code”), Section 1061.16, establishes the time and place for filing the required income tax returns with the Puerto Rico Treasury Department, being every April 15 the main income tax due date for individuals and corporate taxpayers with calendar year-end.

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