Business Operations Puerto Rico (Portfolio 7320)

Description

Bloombert Tax Portfolio, Business Operations in Puerto Rico, No. 7320, offers background information on the relationship between Puerto Rico and the United States and a summary of the Puerto Rico legal system. It also discusses, in general, the main business laws applicable in Puerto Rico and analyzes tax laws affecting enterprises and individuals conducting business activities in Puerto Rico or receiving income from Puerto Rican sources. The various Puerto Rico tax incentive laws and their interrelationship with the United States federal tax laws are also covered.

The Worksheets contain examples of various tax forms, including forms relative to certain tax incentives, tax returns, and applications.

This Portfolio may be cited as Ríos-Méndez and Alemar-Escabí, 7320-2nd T.M., Business Operations in Puerto Rico.

Table of Contents

01 PUERTO RICO — THE COUNTRY, PEOPLE, ECONOMY, AND GOVERNMENT
02 OPERATING A BUSINESS IN PUERTO RICO
03 FORMS OF DOING BUSINESS IN PUERTO RICO
04 PRINCIPAL TAXES
05 TAXATION OF DOMESTIC CORPORATIONS
06 TAXATION OF FOREIGN CORPORATIONS
07 TAXATION OF A BRANCH
08 TAXATION OF PARTNERSHIPS
09 TAXATION OF OTHER BUSINESS ENTITIES
10 TAXATION OF INDIVIDUALS — RESIDENTS
11 TAXATION OF NONRESIDENTS
12 TAXATION OF RETIREMENT PLANS
13 ESTATE AND GIFT TAX
14 AVOIDANCE OF DOUBLE TAXATION
15 TAX INCENTIVES