RIVERO CONSULTING

Tax Incentives in Puerto Rico

A Tax Incentive For Young Entrepreneurs

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  • For those between the ages of 16 and 26, income tax exemption on the  first $40,000 of gross income generated for wages, services and / or  self-employment.


  • For those between the ages of 16 and 35, on the first $500,000 gross  income generated during the first 3 years of operation of a new  business:  


  • 100% tax exemption from income tax


  • 100% tax exemption from municipal license tax


  • 100% tax exemption on personal property

Act 120: Incentives that help you hire employees.

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  •  Reimbursement of 50% of the federal minimum wage ($ 3.63 per hour) - up to 15 employees for 12 months
  • 3-year preferential income contribution of 5%, 10% and 15%, respectively


  • 50% exemption on property and / or property taxes


  • Exemption of 50% of the payment of the premiums of the State Insurance Fund


  • 50% exemption from payment of municipal patents