Act 60 (Puerto Rico Tax Incentives Code)

Act 60, or the Puerto Rico Tax Incentives Code, is legislation that offers tax benefits to individuals and businesses to encourage economic growth on the island. It consolidates and streamlines previous incentives, providing reduced tax rates, exemptions, and credits in areas like tourism, manufacturing, and services. Qualified participants can benefit from lower taxes on income, capital gains, or investments, making Puerto Rico an attractive location for residents, investors, and companies seeking favorable tax conditions while contributing to local development.