News – Page 2 – Gierbolini Consulting Group

Discover which services qualify for tax incentives in Puerto Rico under Act 60

Leave a Comment / Act 60, IRS, New York, Puerto Rico Tax Incentives, Tax exception, Tax relief / Carlos Mora

In Puerto Rico, Act 60 of 2019, also known as Act 60 or the “Puerto Rico Economic Development Incentives Code,” has been an important tool to foster economic growth and development on the island. This law establishes a variety of tax incentives for companies that invest in Puerto Rico’s economy, with the objective of attracting […]

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How to establish a business in Puerto Rico? A guide for U.S. investors.

Leave a Comment / Act 60, IRS, New York, Puerto Rico Tax Incentives, Tax exception, Tax relief / Carlos Mora

For many U.S. investors, Puerto Rico has become an attractive destination to establish their business due to its tax and geographic advantages. If you are interested in establishing a business in Puerto Rico, here is a useful guide to help you in the process. 1) Understanding Tax Incentives The government of Puerto Rico has established

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How to become a bona fide resident of Puerto Rico and take advantage of its tax incentives?

Leave a Comment / Act 60, IRS, New York, Puerto Rico Tax Incentives, Tax exception, Tax relief / Litzy Urbina

In recent years, Puerto Rico has become the best option for many Americans to legally minimize their tax obligations while maintaining their citizenship. While it is true that Puerto Rico is a territory of the United States, it has its own tax system. This means that its residents are not subject to federal taxes. However,

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5 Inheritance Law Changes That Will Benefit You – New Civil Code Of Puerto Rico

Leave a Comment / Act 60, IRS, New York, Puerto Rico Tax Incentives, Tax exception, Tax relief / Litzy Urbina

The new civil code of Puerto Rico includes some changes in the inheritance law that could favor you. That is why we’ve gathered the most significant changes regarding inheritance. These adjustments involve: – Distribution of inheritance under will. – The right to housing. – Who inherits when there is no will? – Debts of deceased

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What is the Importance of Tax Planning for your Company?

Leave a Comment / Act 60, IRS, New York, Puerto Rico Tax Incentives, Tax exception, Tax relief / Litzy Urbina

Tax obligations are usually one of the biggest headaches for most individuals and companies. Whether as citizens or as entrepreneurs, we have surely thought on more than one occasion: Is it possible, while acting within the strictest legality, to pay fewer taxes? Am I paying more taxes than I should? Questions that, perhaps, would not

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Four Really Good Reasons to Consider Investing In Puerto Rico

Leave a Comment / Act 60, IRS, New York, Puerto Rico Tax Incentives, Tax exception, Tax relief / Litzy Urbina

Undergoing an economic transformation, Puerto Rico has revived the interest of investors, especially regarding tourism, real estate, and, digital companies. And the reason is that Puerto Rico has certain special benefits and many aspects that attract foreign companies and investors. The boom in the development of entrepreneurship in this island has taken place in the

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Do U.S. citizens living in Puerto Rico have to pay taxes?

Leave a Comment / New York, Puerto Rico Tax Incentives, Tax exception, Tax relief / Litzy Urbina

While Puerto Rico is considered part of the United States, it is actually not a state and therefore enjoys fiscal autonomy. This gives Puerto Rico flexibility to innovate with its own laws, independent of those of the U.S. tax legislation. To promote the economy in Puerto Rico, Act 60 was created to attract investors and

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New Tax Incentives Code “Act 60” – Is Puerto Rico a tax heaven?

Leave a Comment / Act 60, New York, Puerto Rico Tax Incentives, Tax relief / Litzy Urbina

Si es empresario o dueño de un negocio, es posible que enfrente el desafío de elegir entre 73 incentivos contributivos bajo la Ley 60. Desde la agricultura hasta la construcción de software, este código de incentivos contributivos de Puerto Rico busca promover empresas con inversión extranjera y negocios innovadores de Puerto Rico. Puerto Rico ha

New Tax Incentives Code “Act 60” – Is Puerto Rico a tax heaven? Read More »

New Tax Incentives Code “Act 60” – Is Puerto Rico a tax heaven?

Leave a Comment / Act 60, New York, Puerto Rico Tax Incentives, Tax relief / Litzy Urbina

If you are an entrepreneur or own a business, you may be faced with the challenge of choosing between 73 tax incentives under Act 60. From agriculture to building software, this Puerto Rico tax incentive code seeks to promote enterprises with foreign investment and innovative businesses from Puerto Rico. Puerto Rico has implemented several economic incentives over

New Tax Incentives Code “Act 60” – Is Puerto Rico a tax heaven? Read More »

Do you have unpaid back taxes? You can request IRS and local tax relief now

IRS, New York, Puerto Rico Tax Incentives, Tax relief / admin

May 27, 2022 – San Juan, Puerto Rico. If you have an IRS or local tax balance and do not pay or respond to setup a resolution, the IRS and many states can pursue enforced collections actions that make your life more difficult. Here are some of those negative consequences and why you need to

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