Vieques and Culebra businesses get lower tax rates under Act 60 decree

Island-municipality firms pay 2% income tax for five years, plus full exemptions on property and city taxes.

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Businesses in Vieques and Culebra qualify for a 2% fixed income tax rate for the first five years of an Act 60 export services decree, rising to 4% after that. ^[1] The same decree gives those businesses a 100% exemption on property and municipal taxes for the first five years. After that, the exemption drops to 75% on property taxes and 50% on city taxes. ^[2] Firms in the two island municipalities can also claim a tax credit of up to 30% for purchases of products manufactured in Puerto Rico. ^[3] Vieques and Culebra sit within the coverage area of Periódico Presencia, which also reaches San Juan, Carolina, Loíza, Fajardo, Humacao, Caguas and Ceiba, among others. ^[4]

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What this stands on

Businesses in Vieques and Culebra get a 2% fixed income tax rate for the first five years of the decree, then 4%. · torrescpa.com
Businesses in Vieques and Culebra get 100% exemption on property and municipal taxes for the first five years, then 75% on property and 50% on city taxes. · torrescpa.com
There is a tax credit of up to 30% for purchases of products manufactured in Puerto Rico for businesses in Vieques or Culebra. · torrescpa.com
Presencia covers the following areas: San Juan, Carolina, Trujillo Alto, Canóvanas, Loíza, Río Grande, Luquillo, Fajardo, Ceiba, Naguabo, Humacao, Caguas, Cataño, Vieques, and Culebra. · Periódico Presencia

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