Act 60 is a contract. The terms are clear.

The export-services decree is a 15-year contract that demands real presence, real residency and a local home, and the rules are written for Puerto Ricans willing to meet them.

Valeria Soto Marrero

Columnist, La Isla Que Viene

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Stands on 20 placed sources from 4 publishers.

Act 60 is a 15-year contract that fixes your rate and confirms your annual-reporting obligations ^[6]. The law was implemented in July 2019 ^[15] and merges Acts 20 and 22 from 2012 ^[16]. Decrees last 15 years and include a renewal option ^[1]. Dividend distributions are 100% exempt from Puerto Rico income tax during the decree ^[2]. Real and personal property and municipal license taxes are exempted by 75% during the decree ^[3].