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https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-981/10802/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 981 - Tax Incentives for Communications, Theatre, ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 981 - Tax Incentives for Communications, Theatre, and Fine Arts (§§ 10801 — 10807) › § 10802 - Inc... | In addition to any other deduction granted by law, the tax incentives established hereinbelow shall be granted to the following persons:
(a) Television channels. — Ten percent (10%) deduction of the net income generated by all new programming which employs ninety percent (90%) or more Puerto Rican performers, [shall be... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-981/10803/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 981 - Tax Incentives for Communications, Theatre, ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 981 - Tax Incentives for Communications, Theatre, and Fine Arts (§§ 10801 — 10807) › § 10803 - Min... | Every new television channel, radio station, theatrical play or public performance producer, may take advantage of the benefits herein granted, provided they comply with the minimum programming requirements. For the purposes of this chapter, minimum programming shall mean compliance with at least ninety percent (90%) o... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-981/10804/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 981 - Tax Incentives for Communications, Theatre, ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 981 - Tax Incentives for Communications, Theatre, and Fine Arts (§§ 10801 — 10807) › § 10804 - Req... | In addition to any other requirements provided through regulations, every person who wishes to take advantage of the benefits granted by this chapter, shall keep a complete and detailed account as to where the revenues and deductions of the regular operations as well as of the new programming are figured. The person sh... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-981/10805/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 981 - Tax Incentives for Communications, Theatre, ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 981 - Tax Incentives for Communications, Theatre, and Fine Arts (§§ 10801 — 10807) › § 10805 - Reg... | The Secretary of the Treasury, in coordination with the Economic Development Administration and the Puerto Rican Corporation for Public [Broadcasting], shall adopt the regulations needed to implement the provisions of this chapter. These regulations shall be adopted within sixty (60) days, after the effective date of t... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-981/10806/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 981 - Tax Incentives for Communications, Theatre, ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 981 - Tax Incentives for Communications, Theatre, and Fine Arts (§§ 10801 — 10807) › § 10806 - Act... | The Secretary of the Treasury, the Economic Development Administration and the Puerto Rican Corporation for Public [Broadcasting], shall be bound to divulge among the citizenry the existence of this chapter, along with its regulations and procedures, to enjoy the exemptions and the benefits granted herein.
History —Aug... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-981/10807/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 981 - Tax Incentives for Communications, Theatre, ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 981 - Tax Incentives for Communications, Theatre, and Fine Arts (§§ 10801 — 10807) › § 10807 - Ter... | The incentives provided in this chapter shall be granted or claimed within the following five (5) taxable years, after the effective date of this act. The fourth (4th) year after the approval of this act, the Administrator of the Economic Development Administration shall create a committee made up of five (5) members. ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-982/10811/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 982 - Puerto Rico Book Industry Comprehensive Deve... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 982 - Puerto Rico Book Industry Comprehensive Development Incentives (§§ 10811 — 10820) › § 10811 ... | For the purposes of this chapter, the following terms shall have the meaning expressed below:
(a) Authors. — Natural persons who create literary, scientific or artistic works published in book form.
(b) Puerto Rican authors. — Authors born in Puerto Rico or of Puerto Rican descent to the fourth generation.
(c) Code. — ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-982/10812/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 982 - Puerto Rico Book Industry Comprehensive Deve... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 982 - Puerto Rico Book Industry Comprehensive Development Incentives (§§ 10811 — 10820) › § 10812 ... | Puerto Rican authors shall be exempted from the payment of taxes on the income they receive on account of the copyright of their works for an amount of up to ten thousand dollars ($10,000).
Puerto Rican authors shall provide the Secretary of the Department of the Treasury with all documents the latter shall require thr... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-982/10813/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 982 - Puerto Rico Book Industry Comprehensive Deve... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 982 - Puerto Rico Book Industry Comprehensive Development Incentives (§§ 10811 — 10820) › § 10813 ... | Any natural or juridical person who operates as publisher and is incorporated in the Commonwealth of Puerto Rico or is authorized to conduct business in our jurisdiction pursuant to the provisions of Act August 10, 1995, No. 144, known as the “General Corporations Act of 1995”, whose economic activity and social purpos... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-982/10814/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 982 - Puerto Rico Book Industry Comprehensive Deve... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 982 - Puerto Rico Book Industry Comprehensive Development Incentives (§§ 10811 — 10820) › § 10814 ... | Any natural or juridical person who operates as printer and is incorporated in the Commonwealth of Puerto Rico or is authorized to conduct business in our jurisdiction, according to the provisions of Act August 10, 1995, No. 144, known as the “General Corporations Act of 1995”, and whose economic activity and social pu... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-982/10815/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 982 - Puerto Rico Book Industry Comprehensive Deve... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 982 - Puerto Rico Book Industry Comprehensive Development Incentives (§§ 10811 — 10820) › § 10815 ... | All natural or juridical persons who operate as booksellers and devote thirty percent (30%) of the space in their bookstores to, or provide the public with, the exhibition or sale of books by Puerto Rican authors shall have an exemption of fifteen percent (15%) of the total income tax from the sale of books printed in ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-982/10816/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 982 - Puerto Rico Book Industry Comprehensive Deve... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 982 - Puerto Rico Book Industry Comprehensive Development Incentives (§§ 10811 — 10820) › § 10816 ... | Designers and translators shall be exempted from the payment of taxes on the income they receive for their work in the production of books for an amount of up to six thousand dollars ($6,000.00).
Designers and translators shall submit to the Secretary of the Department of the Treasury all documents the latter requires ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-982/10817/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 982 - Puerto Rico Book Industry Comprehensive Deve... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 982 - Puerto Rico Book Industry Comprehensive Development Incentives (§§ 10811 — 10820) › § 10817 ... | Those natural or juridical persons who avail themselves of the exemption provided by this chapter shall maintain in Puerto Rico an accounting system that clearly indicates the gross income, expenses and other deductions regarding the incentives herein provided. They shall also include as an attachment to their income t... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-982/10818/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 982 - Puerto Rico Book Industry Comprehensive Deve... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 982 - Puerto Rico Book Industry Comprehensive Development Incentives (§§ 10811 — 10820) › § 10818 ... | The Department of the Treasury and CRIM are hereby authorized to draft and promulgate those rules and regulations that contain the mechanisms needed to ensure the proper and diligent implementation of the benefits and requirements established in this chapter. The Department of the Treasury and CRIM shall consult the De... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-982/10819/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 982 - Puerto Rico Book Industry Comprehensive Deve... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 982 - Puerto Rico Book Industry Comprehensive Development Incentives (§§ 10811 — 10820) › § 10819 ... | All natural or juridical persons who provide false information for the purpose of availing themselves of the incentives provided by this chapter, or who without authorization publish or reproduce books or violate or incite violation of these provisions, shall be sanctioned with the penalty of imprisonment of not less t... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-982/10820/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 982 - Puerto Rico Book Industry Comprehensive Deve... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 982 - Puerto Rico Book Industry Comprehensive Development Incentives (§§ 10811 — 10820) › § 10820 ... | The present chapter establishes the public policy on taxation over the book industry in Puerto Rico, which shall govern over any other law or legislation related to this matter. The Internal Revenue Code of 1994, as well as any other applicable laws shall be amended according to these provisions. However, they may be u... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10831/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10831 - Definitions | For purposes of this chapter, the following terms, phrases, and words shall have the meaning and scope stated below, except when it is otherwise clearly indicated, and terms used in the singular form shall also include the plural form, and vice versa:
(a) Shares.— Shall mean shares in a corporation, or proprietary inte... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10832/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10832 - Fixed income tax rate | (a) General rule.— Eligible businesses that hold a decree under this chapter shall be subject to a fixed income tax rate of four percent (4%) on income derived from the export of services during the term of such decree in lieu of any income tax provided in the Code or in any other law, as provided in this section, coun... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10833/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10833 - Taxes on personal or re... | (a) In general.—
(1) Except as provided in clause (1) of this subsection, the personal or real property of an eligible business under the provisions of clauses (5), (8), (12) and (13) of subsection (k) of § 10831 of this title, used in the operation of the activity covered by a decree, shall enjoy a ninety percent (90%... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10833a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10833a - Municipal licenses and... | (a) Any exempt business holding a decree under this chapter shall enjoy a sixty percent (60%) exemption from the municipal licenses or taxes applicable to the volume of business of said exempt business during the semester of the fiscal year of the Government in which the exempt business begins operations in any municip... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10834/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10834 - Distributions | (a) General rule.— Shareholders, partners, or members of an eligible business that holds a decree granted under this chapter shall not be subject to income tax on distributions of dividends or benefits from utilities and benefits arising from income from the export of services of said eligible business.
Subsequent dist... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10835/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10835 - Deductions | (a) Deduction and net operating loss carryover.— Distributions described in subsection (a) of this section shall be excluded from:
(1) Deduction for ongoing loss incurred in activities not covered by a decree.— If an eligible business that holds a decree granted under this chapter incurs in net operational losses not a... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10836/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10836 - Tax exemption periods | (a) Exemption.— An eligible business that holds a decree under this chapter shall enjoy the benefits of this chapter for a period of twenty (20) years.
(b) Fixing of the dates of the beginning of operations and of exemption periods.— An eligible business that holds a decree under this chapter shall enjoy the benefits o... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10837/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10837 - Duties of the Secretary... | (a) Duties of the Secretary; Certificate of Compliance.— In the evaluation, analysis, consideration, award, renegotiation, and revision of any incentives or benefits granted by this chapter, the Department of Economic Development and Commerce and the Secretary thereof shall be required to oversee and ensure compliance ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10838/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10838 - Nature of the decrees | (a) In general.— Decrees granted under this chapter shall be deemed as contracts between the eligible business, its shareholders, partners, or owners and the Government of Puerto Rico, and said contract shall be the law binding for both parties. Such contract shall be liberally interpreted, in harmony with the purpose ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10839/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10839 - Periodic reports to the... | (a) In general.— The Secretary, with the advice of the Secretary of the Treasury, the Director of the Exemption Office, and the Executive Director, shall submit an annual report to the Governor and the Legislative Assembly on the economic and financial impact of this chapter. Said report shall be submitted within one h... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10840/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10840 - Reports required from e... | (a) All eligible businesses that hold a decree granted under this chapter shall file an annual income tax return with the Secretary of the Treasury, regardless of their gross or net income and separate from any other return they are required to file, with regards to the operation covered by the benefits provided by thi... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10841/1/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10841 - Special Fund for the De... | In General.— The Secretary of the Treasury shall establish a special fund, known as the “Special Fund for the Development and Promotion of Export Services” (“Special Fund”). During the effective term of this act, ten percent (10%) of the revenues arising from the income tax paid by eligible businesses that hold a decre... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10841/2/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10841 - Special Fund for the De... | In General.— The Secretary of the Treasury shall establish a special fund, known as the “Special Fund for the Development of Services for Export and Promotion” (‘Special Fund’). During the effectiveness of this chapter, ten percent (10%) of the revenues arising from the income tax paid by eligible businesses that hold ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10842/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10842 - Regulations under this ... | Within ninety (90) days after this act takes effect, the Secretary shall, with the advice of the Executive Director and the Secretary of the Treasury, draft the regulations needed to enforce the provisions and purposes of this chapter. Said regulations shall also be subject to the provisions of §§ 2101 et seq. of Title... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10843/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10843 - Decrees granted under I... | (a) The Tax Exemption Office shall not accept new exemption applications from businesses under § 10642(d)(1)(D)(i) of this title, as of the date of effectiveness of this act. Therefore, all decree applications filed as of the date of effectiveness of this act regarding an eligible service shall be governed by the provi... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-983/10844/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 983 - Act to Promote the Export of Services (§§ 10... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 983 - Act to Promote the Export of Services (§§ 10831 — 10844) › § 10844 - Application of the Code... | The Code shall apply as a supplement to this chapter, provided that its provisions do not contravene the provisions of this chapter.
History —Jan. 17, 2012, No. 20, § 16; renumbered as § 17 on July 11, 2012, No. 138, § 6. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-984/10851/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 984 - Act to Promote the Relocation of Individual ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 984 - Act to Promote the Relocation of Individual Investors to Puerto Rico (§§ 10851 — 10855) › § ... | (a) Resident individual investor.— Means a resident individual, as defined in § 30041(a)(3) of this title, who has not been a resident of Puerto Rico during the fifteen (15) years preceding the effective date of this act and becomes a resident of Puerto Rico not later than the tax year ending on December 31st, 2035. Ac... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-984/10851a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 984 - Act to Promote the Relocation of Individual ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 984 - Act to Promote the Relocation of Individual Investors to Puerto Rico (§§ 10851 — 10855) › § ... | (a) Duties of the Secretary, Certificate of Compliance.— In the evaluation, analysis, consideration, award, renegotiation, and revision of any incentive or benefit granted under this chapter, the Department of Economic Development and Commerce and the Secretary thereof shall be required to oversee and ensure compliance... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-984/10852/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 984 - Act to Promote the Relocation of Individual ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 984 - Act to Promote the Relocation of Individual Investors to Puerto Rico (§§ 10851 — 10855) › § ... | Income derived from all sources by a resident individual investor after becoming a resident of Puerto Rico, but before January 1st, 2036, consisting of interest and dividends, including but not limited to interest and dividends from a registered investment company described in § 30521 of this title, shall be fully exem... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-984/10853/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 984 - Act to Promote the Relocation of Individual ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 984 - Act to Promote the Relocation of Individual Investors to Puerto Rico (§§ 10851 — 10855) › § ... | (a) Appreciation before becoming a resident of Puerto Rico.— The total net long-term capital gain generated by a resident individual investor related to the appreciation of the securities owned by such resident individual investor before becoming a resident of Puerto Rico, which appreciation is recognized ten (10) year... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-984/10854/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 984 - Act to Promote the Relocation of Individual ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 984 - Act to Promote the Relocation of Individual Investors to Puerto Rico (§§ 10851 — 10855) › § ... | Any resident individual investor who holds a decree issued under this chapter shall file annually an authenticated report with the Exemption Office and a copy thereof with the Secretary of the Treasury thirty (30) days after filing the income tax return with the Department of the Treasury, including any extension there... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-984/10854b/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 984 - Act to Promote the Relocation of Individual ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 984 - Act to Promote the Relocation of Individual Investors to Puerto Rico (§§ 10851 — 10855) › § ... | In addition to the fees established for the transactions established in § 10851a of this title, every grantee shall pay to the Secretary, by means of internal revenue stamps in any Internal Revenue Collections Center of the Department of the Treasury, certified check or postal money order, fees equal to five thousand (... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-15/part-iii/chapter-984/10855/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855)›PART III - Other Tax Incentives (§§ 10401 — 10855)›Chapter 984 - Act to Promote the Relocation of Individual ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART III - Other Tax Incentives (§§ 10401 — 10855) › Chapter 984 - Act to Promote the Relocation of Individual Investors to Puerto Rico (§§ 10851 — 10855) › § ... | The Secretary of the Treasury shall prescribe by regulations, circular letter, or administrative determination the guidelines for the interpretation and implementation of the provisions of this chapter. Any regulatory provisions that are amended or adopted in accordance with this chapter shall not be subject to the app... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-16/chapter-991/20001/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 16 - Payment of Debts (§§ 20001 — 20005)›Chapter 991 - Payment of Debts with Credit Cards (§§ 20001 — 20005)›§ 20001 - Definitions | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 16 - Payment of Debts (§§ 20001 — 20005) › Chapter 991 - Payment of Debts with Credit Cards (§§ 20001 — 20005) › § 20001 - Definitions | For the purposes of this chapter, the following words or terms shall have the meaning stated herein below:
(a) Credit card. — Means any instrument or object known as a credit card, plate, book of coupons or by any other name, issued upon payment or non-payment of a fee by the person to whom it is issued, to be used by ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-16/chapter-991/20002/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 16 - Payment of Debts (§§ 20001 — 20005)›Chapter 991 - Payment of Debts with Credit Cards (§§ 20001 — 20005)›§ 20002 - Receiving payment with credit card | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 16 - Payment of Debts (§§ 20001 — 20005) › Chapter 991 - Payment of Debts with Credit Cards (§§ 20001 — 20005) › § 20002 - Receiving payment with credit card | All government agencies and instrumentalities, the Courts Administration and the municipalities which offer services, receive payments or collect debts on account of loans, taxes, licenses, patents, excise taxes, fines, penalties, surcharges and interest and others, are hereby authorized to receive payments chargeable ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-16/chapter-991/20003/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 16 - Payment of Debts (§§ 20001 — 20005)›Chapter 991 - Payment of Debts with Credit Cards (§§ 20001 — 20005)›§ 20003 - Penalties for illegal use | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 16 - Payment of Debts (§§ 20001 — 20005) › Chapter 991 - Payment of Debts with Credit Cards (§§ 20001 — 20005) › § 20003 - Penalties for illegal use | Any person who makes illegal use of a credit card shall, for the purposes of this chapter, incurs a felony and shall be sanctioned according to the penalty provided in § 4556 of Title 33.
History —Aug. 11, 1995, No. 155, § 3, eff. 120 days after Aug. 11, 1995. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-16/chapter-991/20004/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 16 - Payment of Debts (§§ 20001 — 20005)›Chapter 991 - Payment of Debts with Credit Cards (§§ 20001 — 20005)›§ 20004 - Obligation to pay debt | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 16 - Payment of Debts (§§ 20001 — 20005) › Chapter 991 - Payment of Debts with Credit Cards (§§ 20001 — 20005) › § 20004 - Obligation to pay debt | Acceptance of a credit card as a means of payment, pursuant to the provisions of this chapter, shall not exempt the debtor from his/her obligation to pay the debt contracted until the same has been paid in full or extinguished by the card issuer as defined in the preceding § 20001 of this title.
History —Aug. 11, 1995,... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-16/chapter-991/20005/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 16 - Payment of Debts (§§ 20001 — 20005)›Chapter 991 - Payment of Debts with Credit Cards (§§ 20001 — 20005)›§ 20005 - Regulations | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 16 - Payment of Debts (§§ 20001 — 20005) › Chapter 991 - Payment of Debts with Credit Cards (§§ 20001 — 20005) › § 20005 - Regulations | The Department of the Treasury shall draft the regulations needed to implement this chapter. The Secretary of the Treasury shall draft the regulations for the agencies whose funds are in custody of the Department of the Treasury, and for the [payment of] taxes. Every matter concerning the manner in which the banking an... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-a/chapter-1000/30001/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART A - Enabling Tax Reform (§§ 30001 — 30004)›Chapter 1000 - Enabling Act (§§ 30001 — 30004)›§ 30001 - Public policy | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART A - Enabling Tax Reform (§§ 30001 — 30004) › Chapter 1000 - Enabling Act (§§ 30001 — 30004) › § 30001 - Public policy | The realities of the new century, the needs of the people of Puerto Rico and the evolution of a more competitive global economy call for a fair tax system. At present, a considerable number of taxpayers evade the responsibility to share in the financing of the operations of the Commonwealth of Puerto Rico. In addition,... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-a/chapter-1000/30002/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART A - Enabling Tax Reform (§§ 30001 — 30004)›Chapter 1000 - Enabling Act (§§ 30001 — 30004)›§ 30002 - Objectives | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART A - Enabling Tax Reform (§§ 30001 — 30004) › Chapter 1000 - Enabling Act (§§ 30001 — 30004) › § 30002 - Objectives | The legislation that restructures the tax system should be based on compliance with the following objectives:
(1) Relieve the current tax burden of individual income tax payers, taking as a basis for comparison the tax systems [and] the income and expense structure of the states and other countries.
(2) Propitiate that... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-a/chapter-1000/30003/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART A - Enabling Tax Reform (§§ 30001 — 30004)›Chapter 1000 - Enabling Act (§§ 30001 — 30004)›§ 30003 - Purpose | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART A - Enabling Tax Reform (§§ 30001 — 30004) › Chapter 1000 - Enabling Act (§§ 30001 — 30004) › § 30003 - Purpose | Based upon the referred [sic] principles and objectives and taking into consideration the results of the studies being performed by the Department of the Treasury, the proposed Tax Reform should:
(1) Significantly reduce tax rates on the income of individuals, particularly of the middle class;
(2) expand the tax base b... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-a/chapter-1000/30004/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART A - Enabling Tax Reform (§§ 30001 — 30004)›Chapter 1000 - Enabling Act (§§ 30001 — 30004)›§ 30004 - Measures | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART A - Enabling Tax Reform (§§ 30001 — 30004) › Chapter 1000 - Enabling Act (§§ 30001 — 30004) › § 30004 - Measures | The Secretary of the Department of the Treasury shall take the necessary measures to conclude the study on the Tax Reform during the course of this year 2004, so that the Tax Reform may be legislated in the year 2005, and implemented for the tax year beginning January 1, 2006.
History —Sept. 15, 2004, No. 323, § 5. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-i/chapter-1001/30011/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART I - Preliminary Provisions (§§ 30011 — 30022)›Chapter 1001 - General Provisions (§§ 30011 — 30013)›§ 30011 - Short tit... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART I - Preliminary Provisions (§§ 30011 — 30022) › Chapter 1001 - General Provisions (§§ 30011 — 30013) › § 30011 - Short title | This subtitle, divided into parts, chapters, subchapters, and sections, shall constitute and be known as the “Internal Revenue Code for a New Puerto Rico,” and also as the “Puerto Rico Internal Revenue Code of 2011”, and shall be cited hereinafter as the “Code”.
History —Jan. 31, 2011, No. 1, § 1000.01, retroactive to ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-i/chapter-1001/30012/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART I - Preliminary Provisions (§§ 30011 — 30022)›Chapter 1001 - General Provisions (§§ 30011 — 30013)›§ 30012 - Classific... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART I - Preliminary Provisions (§§ 30011 — 30022) › Chapter 1001 - General Provisions (§§ 30011 — 30013) › § 30012 - Classification of provisions | The provisions of this Code are hereby classified and designated as:
Taxpayer Bill of Rights
(a) Subtitle A.—Income Taxes
(b) Subtitle B.—Estate and Gift Taxes
(c) Subtitle C.—Excise Taxes
(d) Subtitle D.—Sales and Use Tax
(e) Subtitle E.—Beverages
(f) Subtitle F.—Administrative Provisions, Interest, Penalties, and Add... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-i/chapter-1001/30013/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART I - Preliminary Provisions (§§ 30011 — 30022)›Chapter 1001 - General Provisions (§§ 30011 — 30013)›§ 30013 - Applicati... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART I - Preliminary Provisions (§§ 30011 — 30022) › Chapter 1001 - General Provisions (§§ 30011 — 30013) › § 30013 - Application of this Code | The provisions establishing the effectiveness and application of this Code are found under § 30011 of this title as various notes.
History —Jan. 31, 2011, No. 1, § 1000.03, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-i/chapter-1002/30021/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART I - Preliminary Provisions (§§ 30011 — 30022)›Chapter 1002 - Taxpayer Bill of Rights (§§ 30021 — 30022)›§ 30021 - Taxp... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART I - Preliminary Provisions (§§ 30011 — 30022) › Chapter 1002 - Taxpayer Bill of Rights (§§ 30021 — 30022) › § 30021 - Taxpayer rights | In interviews, investigations, claims for tax refund and credit, and other matters that are carried out by the Department of the Treasury, hereinafter the “Department”, every taxpayer shall be entitled to:
(a) Receive a fair, proper, and unbiased treatment by all officials and employees of the Department during any pro... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-i/chapter-1002/30022/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART I - Preliminary Provisions (§§ 30011 — 30022)›Chapter 1002 - Taxpayer Bill of Rights (§§ 30021 — 30022)›§ 30022 - Taxp... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART I - Preliminary Provisions (§§ 30011 — 30022) › Chapter 1002 - Taxpayer Bill of Rights (§§ 30021 — 30022) › § 30022 - Taxpayer’s Rights Protection Office | (a) The Taxpayer’s Rights Protection Office is hereby created within the Department to be charged with addressing the problems and claims of the taxpayer, in addition to other functions set forth in this section. The Office shall be administered by a Director, appointed by the Governor.
The Office shall carry out the f... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1003/30041/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1003 - Definitions and General Provisions (§§ 30041 — 30045)›§ 30041 - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1003 - Definitions and General Provisions (§§ 30041 — 30045) › § 30041 - Definitions | (a) As used in this part, insofar as they are not incompatible with the purposes thereof:
(1) Person.— Shall be construed to mean and include an individual, trust or estate, partnership or corporation.
(2) Corporation.— Includes limited companies, joint-stock companies, private corporations, insurance companies, limite... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1003/30042/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1003 - Definitions and General Provisions (§§ 30041 — 30045)›§ 30042 - Ty... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1003 - Definitions and General Provisions (§§ 30041 — 30045) › § 30042 - Types of taxpayers | (a) The provisions of this part shall apply to each one of the following special types of taxpayers, subject to the additional provisions set forth in this part that apply to each type, as follows:
(1) Individuals, corporations and associations;
(2) partnerships and partners (see §§ 30321 et seq. of this title);
(3) tr... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1003/30043/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1003 - Definitions and General Provisions (§§ 30041 — 30045)›§ 30043 - Cl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1003 - Definitions and General Provisions (§§ 30041 — 30045) › § 30043 - Classification of individual taxpayers—Determina... | (a) In the case of individual taxpayers, for purposes of the provisions of this part, the taxpayer shall be subject to taxation under one of the following categories:
(1) Individual taxpayer. — For purposes of this part, an individual shall be considered an “individual taxpayer” if at the close of his/her taxable year:... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1003/30044/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1003 - Definitions and General Provisions (§§ 30041 — 30045)›§ 30044 - Co... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1003 - Definitions and General Provisions (§§ 30041 — 30045) › § 30044 - Controlled group of corporations | (a) Controlled group of corporations.— For purposes of this part, the term “controlled group of corporations” shall mean:
(1) A parent-subsidiary controlled group.— One or more chains of corporations connected through stock ownership with a common parent corporation if:
(A) Stock possessing at least eighty percent (80%... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1003/30045/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1003 - Definitions and General Provisions (§§ 30041 — 30045)›§ 30045 - Af... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1003 - Definitions and General Provisions (§§ 30041 — 30045) › § 30045 - Affiliated group, related party | (a) An affiliated group.— For purposes of this part an “affiliated group” means:
(1) A controlled group of corporations, as such term is defined in § 30044 of this title, or
(2) one or more chains of corporations connected through stock ownership with a common parent corporation, if:
(A) The parent corporation owns dir... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-a/30061/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter A - Individual Tax (§§ 300... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter A - Individual Tax (§§ 30061 — 30065) › § 30061 - Normal tax on individu... | There shall be imposed, charged and paid on the net income of every individual in excess of the exemptions provided in § 30138 of this title, and on the net income of an estate or a trust in excess of the credit provided in § 30413 of this title, a tax which shall be determined according to the following tables:
(a) Re... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-a/30062/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter A - Individual Tax (§§ 300... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter A - Individual Tax (§§ 30061 — 30065) › § 30062 - Alternative basic tax ... | (a) Imposition of alternative basic tax on individuals.—
(1) General rule.— There shall be imposed, collected, and paid by every individual for each taxable year, in lieu of any other tax imposed under this part, a tax on the net income subject to alternative basic tax, determined according to the following table:
(A) ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-a/30063/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter A - Individual Tax (§§ 300... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter A - Individual Tax (§§ 30061 — 30065) › § 30063 - Optional tax computati... | (a) In the case of married individuals who live together and file a joint return, the tax under §§ 30061 and 30062 of this title shall be, at their option, the sum of the taxes determined individually, in the form provided to such purposes by the Secretary, as follows:
(1) The personal exemption shall be that provided ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-a/30064/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter A - Individual Tax (§§ 300... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter A - Individual Tax (§§ 30061 — 30065) › § 30064 - Option to file the inc... | (a) Every taxpayer, who is an individual, shall have the option to compute his/her tax liability and file the tax return pertaining to his/her first taxable year beginning after December 31, 2010, and before January 1, 2012 and during the following four (4) taxable years, pursuant to the appropriate provisions of Act N... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-a/30065/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter A - Individual Tax (§§ 300... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter A - Individual Tax (§§ 30061 — 30065) › § 30065 - Special tax on self-em... | (a) In addition to any other tax imposed under this Code, there shall be imposed, collected, and paid for any taxable year a special two percent (2%)-tax on the gross income derived by an individual from service rendering, except those services rendered by an employee to his/her employer, or trade or business, when the... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-b/30071/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter B - Tax on Corporations (§... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter B - Tax on Corporations (§§ 30071 — 30076) › § 30071 - Normal tax on cor... | (a) Definition of net income subject to normal tax. — For purposes of this part, the term “net income subject to normal tax”, when used in respect to corporations, shall mean the net income minus the credits for dividends received as provided in § 30139(a) of this title. In the case of a foreign corporation engaged in ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-b/30072/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter B - Tax on Corporations (§... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter B - Tax on Corporations (§§ 30071 — 30076) › § 30072 - Surtax on corpora... | (a) Net income subject to surtax.— For purposes of this part, the term “net income subject to surtax”, when used in respect to regular corporations, means the net income subject to normal taxes minus the credit provided in subsection (c) of this section.
(b) Imposition of tax.— It shall be imposed, collected, and paid ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-b/30073/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter B - Tax on Corporations (§... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter B - Tax on Corporations (§§ 30071 — 30076) › § 30073 - Alternative minim... | (a) General rule.— It shall be imposed, collected, and paid for each corporation (except foreign corporations not engaged in trade or business in Puerto Rico whose election under § 30441(d) of this title) for each taxable year, in addition to any other tax imposed by this part, a tax equal to the excess (if any) of:
(1... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-b/30074/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter B - Tax on Corporations (§... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter B - Tax on Corporations (§§ 30071 — 30076) › § 30074 - Adjustments in co... | (a) Adjustments.— In determining the amount of the alternative minimum net income for any taxable year, the following treatment shall apply, in lieu of the treatment applicable for purposes of determining the regular tax.
(1) Depreciation.—
(A) Accelerated depreciation.— In the case of a taxpayer that elected to use th... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-b/30075/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter B - Tax on Corporations (§... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter B - Tax on Corporations (§§ 30071 — 30076) › § 30075 - Surtax on corpora... | (a) Imposition of tax. — If a corporation, however created or organized, is formed or utilized for the purpose of avoiding the imposition of the surtax upon its shareholders or the shareholders of any other corporation by permitting earnings and profits to accumulate instead of being divided or distributed, there shall... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-b/30076/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter B - Tax on Corporations (§... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter B - Tax on Corporations (§§ 30071 — 30076) › § 30076 - Election to file ... | (a) Any taxpayer that is a corporation, including limited liability companies and corporations of individuals, are hereby granted the option of computing its taxes and filing the income tax return pertaining to its first taxable year, beginning after December 31, 2010 and before January 1, 2012, and during the four (4)... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-c/30081/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter C - Preferred Rate Taxes (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter C - Preferred Rate Taxes (§§ 30081 — 30090) › § 30081 - Special surtax o... | (a) A tax shall be imposed and collected, in addition to other taxes imposed by law to life insurance companies, in the amount of point ten percent (.10%) on the total amount of assets at the close of its taxable year in the separate accounts maintained by said life insurance company established under the terms and con... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-c/30082/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter C - Preferred Rate Taxes (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter C - Preferred Rate Taxes (§§ 30081 — 30090) › § 30082 - Special tax to i... | (a) Ten percent (10%) tax rate. — Any individual, estate, or trust shall pay, in lieu of any other taxes imposed by this part, a ten percent (10%) tax on the excess amount of any net long-term capital gain on any net short-term capital loss, as said terms are defined in § 30141 of the this title, or may opt to pay taxe... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-c/30083/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter C - Preferred Rate Taxes (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter C - Preferred Rate Taxes (§§ 30081 — 30090) › § 30083 - Alternative tax ... | (a) If, for any taxable year, the net long-term capital gain of any taxable year exceeds the short-term capital loss, there shall be imposed, collected and paid, in lieu of the tax imposed by §§ 30071, 30072, and 30073 of this title, a tax determined as follows, but solely if such tax were lower that the tax imposed by... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-c/30084/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter C - Preferred Rate Taxes (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter C - Preferred Rate Taxes (§§ 30081 — 30090) › § 30084 - Tax on individua... | (a) Tax rate. —
(1) Special tax rate. — Any individual, estate or trust may avail itself of the option to pay, in lieu of any other taxes imposed by this part, a tax equal to ten percent (10%) or to seventeen percent (17%) in the case of an individual retirement account, on the total amount of nonexempt interest paid t... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-c/30085/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter C - Preferred Rate Taxes (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter C - Preferred Rate Taxes (§§ 30081 — 30090) › § 30085 - Tax on individua... | (a) Tax rate.—
(1) Special tax rate.— Any individual, estate, corporation, partnership or trust may avail itself of the option to pay, in lieu of any other taxes imposed by this part, a tax equal to ten percent (10%) on the total amount of nonexempt eligible interest paid to it, or credited on bonds, notes, or other ob... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-c/30086/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter C - Preferred Rate Taxes (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter C - Preferred Rate Taxes (§§ 30081 — 30090) › § 30086 - Special tax over... | (a) Imposition of tax.— There shall be imposed, collected and paid, in lieu of any other taxes imposed by this part, on the total amount received by any eligible person (as said term is defined in subsection (d)), derived from any eligible distribution (as said term is defined in subsection (c)) of dividends:
(1) Of a ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-c/30087/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter C - Preferred Rate Taxes (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter C - Preferred Rate Taxes (§§ 30081 — 30090) › § 30087 - Compensation pai... | (a) Imposition of tax. — A tax shall be imposed, collected and paid, in lieu of any other taxes imposed by this part, a special twenty percent (20%) tax on the total amount received by any resident or nonresident individual (including, but without limitation, players, coaches and technical staff) for any compensation r... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-c/30088/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter C - Preferred Rate Taxes (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter C - Preferred Rate Taxes (§§ 30081 — 30090) › § 30088 - Special tax on v... | (a) Imposition of tax.— When filing his/her income tax return, the taxpayer may elect to treat the amount of the lump sum includible in the gross income as a long-term capital gain.
(b) Definitions.—
(1) Lump sum.— For the sole purposes of this section, the term “lump sum” means amounts payable during the same taxable ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-c/30089/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter C - Preferred Rate Taxes (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter C - Preferred Rate Taxes (§§ 30081 — 30090) › § 30089 - Special tax on t... | (a) Imposition of tax.-When filing his/her income tax return, the taxpayer may elect to treat the amount of the total distribution that would be considered a long-term capital gain under § 30391(b)(1) of this title, subject to the special tax imposed in such section, or to pay taxes for such income as an ordinary incom... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1004/subchapter-c/30090/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1004 - Tax Rates (§§ 30061 — 30090)›Subchapter C - Preferred Rate Taxes (... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1004 - Tax Rates (§§ 30061 — 30090) › Subchapter C - Preferred Rate Taxes (§§ 30081 — 30090) › § 30090 - Imposition of su... | (a) Applicable tax.—
(1) General rule.—
(A) In the case of any corporation engaged in trade or business in Puerto Rico, except for financial institutions as defined in this section and entities subject to Section 1123(f) of the Puerto Rico Internal Revenue Code of 1994, there shall be imposed, collected, and paid, for ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-a/30101/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter A - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter A - Determination of Net Income, General Concepts (§... | (a) General definition.— Except as otherwise provided in this Code, the term “gross income” means any income, gain, or profit from whatever source derived or earned. Gross income includes, but is not limited to, the following types of sources:
(1) Gains, profits, and income derived from salaries, wages, or compensation... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-a/30102/1/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter A - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter A - Determination of Net Income, General Concepts (§... | (a) The following income items shall be exempt from taxation under this Subchapter:
(1) Annuities.—
(A) Employees’ annuities.—
(i) If an annuity contract is purchased by an employer for an employee under a plan with respect to which the employer’s contribution is deductible under § 30129(a)(1)(B) of this title, or if a... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-a/30102/2/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter A - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter A - Determination of Net Income, General Concepts (§... | (a) The following income items shall be exempt from taxation under this Subtitle:
(1) Annuities.—
(A) Employees’ annuities.—
(i) If an annuity contract is purchased by an employer for an employee under a plan with respect to which the employer’s contribution is deductible under § 30129(a)(1)(B) of this title, or if an ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-a/30103/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter A - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter A - Determination of Net Income, General Concepts (§... | (a) Definition.— “Adjusted gross income”’ means the gross income as defined in § 30101 of this title minus:
(1) Exemptions.— The exemptions provided in § 30102 of of this title.
(2) Trade or business deductions.— The deductions allowed under §§ 30121 and 30122 of this title, which are attributable to a trade or busines... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-a/30104/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter A - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter A - Determination of Net Income, General Concepts (§... | (a) The following deductions shall be allowed on computing net income:
(1) Expenses related to trade or business, as provided in § 30121 of this title which have not been claimed as [a] deduction from adjusted gross income.
(2) Expenses not related to the trade or the main business, as provided in § 30122 of this title... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-a/30105/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter A - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter A - Determination of Net Income, General Concepts (§... | (a) Definition. — “Net income” means the gross income computed in accordance with § 30101 of this title, minus the following items:
(1) The exemptions provided in § 30102 of this title less the expenses attributable to such exempt income, as provided in § 30140 of this title;
(2) the deductions allowed by § 30104 of th... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-b/30111/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter B - Tr... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter B - Treatment of Certain Income Items (§§ 30111 — 30... | (a) In general.— “Income subject to preferred tax rates” means the income subject to tax or tax rate different from regular income taxes on individuals, estates, trusts, partnerships and corporations imposed by §§ 30061—30076 of this title, including but not limited to:
(1) Special surtax on separate accounts.— Income ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-b/30112/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter B - Tr... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter B - Treatment of Certain Income Items (§§ 30111 — 30... | (a) Income on account of alimony or separate maintenance payments. —
(1) General rule. — Gross income includes amounts received as alimony or separate maintenance payments during the taxable year.
(2) Definition of alimony or separate maintenance payments. —
(A) In general. — The term “alimony or separate maintenance p... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-b/30113/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter B - Tr... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter B - Treatment of Certain Income Items (§§ 30111 — 30... | (a) Inclusion in gross income. —
(1) General rule. — The amount of all items of gross income in respect of a decedent which are not properly includible in respect of the taxable period in which falls the date of his/her death or a prior period shall be included in the gross income, for the taxable year when received, o... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-b/30114/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter B - Tr... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter B - Treatment of Certain Income Items (§§ 30111 — 30... | The gross income from sources within or outside of Puerto Rico shall be determined as provided in §§ 30151—30157 of this title.
History —Jan. 31, 2011, No. 1, § 1032.04, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-b/30115/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter B - Tr... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter B - Treatment of Certain Income Items (§§ 30111 — 30... | (a) Amounts received in respect of the services of a child shall be included in his/her gross income and not in the gross income of the parent, even though such amounts are not received by the child.
(b) All expenditures paid or incurred by the parent or the child attributable to amounts which are includible in the gro... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-b/30116/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter B - Tr... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter B - Treatment of Certain Income Items (§§ 30111 — 30... | (a) General rule.— No amount shall be included in the gross income of a participant in a cafeteria plan used according to such plan to acquire qualified benefits solely because, under the plan, the participant may choose among the benefits of the plan.
(b) Exception for highly compensated participants.—
(1) Highly comp... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-b/30117/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter B - Tr... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter B - Treatment of Certain Income Items (§§ 30111 — 30... | (a) General rule.— An employee who supports a household that includes one or more qualifying individuals (as defined in subsection (d) of this section), many exclude under § 30102(a)(2)(C) of this title the amounts paid or accrued by his/her employer to cover those expenses incurred by the employee that are related to ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-b/30118/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter B - Tr... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter B - Treatment of Certain Income Items (§§ 30111 — 30... | (a) Amounts attributable to employer contributions.— Except as otherwise provided in this section, amounts directly paid by the employer to an employee for personal injuries or sickness shall be included in gross income of the employee.
(b) Amounts expended for medical care in health reimbursement arrangements.— Except... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-b/30119/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter B - Tr... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter B - Treatment of Certain Income Items (§§ 30111 — 30... | (a) Personal services. — If at least eighty percent (80%) of the total compensation for personal services covering a period of thirty-six (36) calendar months or more, from the beginning to the completion of such services, is received or accrued in one (1) taxable year by an individual, the tax attributable to any part... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30121/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30121 - Trade ... | (a) In general.— There shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including:
(1) Except as provided in § 30271(l) of this title, a reasonable allowance for salaries or other compensation for personal services act... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30122/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30122 - Expens... | (a) In the case of an individual:
(1) All the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income, or in the conduct of one or more trades or businesses othe... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30123/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30123 - Intere... | In the case of a taxpayer other than an individual, all interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations the interest upon which is wholly exempt from the taxes imposed by this part to which § 30137(a)(10) of this title refer... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30124/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30124 - Taxes | (a) Taxes in general. — In the case of a taxpayer other than an individual, taxes paid or accrued within the taxable year, except:
(1) Income tax imposed by the authority of the Government of Puerto Rico;
(2) taxes on income and excess profits imposed by authority of the United States, any possession of the United Stat... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30125/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30125 - Deduct... | (a) In the case of an individual, losses sustained during the taxable year and not compensated for by insurance or otherwise:
(1) If incurred in trade or business shall be allowed against the net income of the trade or business, or
(2) if incurred in any transaction entered into for profit, though not connected with th... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30126/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30126 - Bad de... | (a) Bad debts.—
(1) General rule.— For debts which become worthless within the taxable year; when satisfied that a debt is recoverable only in part, the Secretary may allow such debt as a deduction in an amount not in excess of the part charged off within the taxable year. This clause shall not apply with respect to a ... |
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Unemployment Word Count by State
Calculates the total word count of documents related to unemployment in each state, revealing insights into the volume of unemployment-related content by location.
CO Title 8 Word Count
Calculates the total number of words in the content of entries related to 'Title 8' in Colorado, providing insight into the volume of text data available for that specific category and state.