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New Economic Incentives Act Of Puerto Rico Act No. 73

New Economic Incentives Act Of Puerto Rico Act No. 73. Elegible Business Manufacturing , Export services , Service to conglomerates , Services to key suppliers , R&D, Energy creation Tax Incentives 4 % fixed income tax rate for 15 years .

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New Economic Incentives Act Of Puerto Rico Act No. 73

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  1. New Economic Incentives Act Of Puerto RicoAct No. 73 Elegible Business Manufacturing, Exportservices, Servicetoconglomerates, Servicestokeysuppliers, R&D, Energycreation Tax Incentives 4% fixed income tax rate for 15 years. 90% exemption from property and real property taxes. 60% exemption from municipal license taxes (sales tax). 0% tax on dividends paid by a tax exempt company to stockholders residents of Puerto Rico. 4% tax on capital gains upon sale of company stocks.

  2. New Economic Incentives Act Of Puerto RicoAct No. 73 • B. Economic Incentives (Training Grants): • Workforce Investment Act: reimburses up to 50% of the employee’s salary during the training period (incumbent worker training) or up to 50% of an employee’s training costs (customized training). • Some PRIDCO incentives may be used for training of employees, including training overseas.

  3. PRIDCO’s Economic Development Programs Cash Incentives Reimbursement for • Job creation based on average salary. • Infrastructure (capital investments in any PRIDCO building) based on project investment.

  4. 1. Law 20 Export Services • BENEFITS • 4% fixed income tax rate for 20 years. • 90% exemption from property and real property taxes. • 60% exemption from municipal license taxes • Stockholders who are residents of Puerto Rico pay: • 0% tax on dividends paid by a tax exempt company and • 4% tax on capital gains upon sale of company stocks. • ELEGIBLE ACTIVITIES • Shared services • Reservation center and back-office processes

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