Global mobility - Puerto Rico: New tax law offers savings opportunities

Global Watch ()
On July 1, 2014 the Governor of Puerto Rico signed Act 77 (the Act) into law. The Act includes amendments to the Puerto Rico Internal Revenue Code of 2011, as amended that offer individuals unique incentive opportunities during a limited time period. Although the Act will impact both individual and corporate taxpayers, this Tax Insight only addresses the significant changes affecting individual taxpayers.