The increase in gasoline and diesel prices is affecting consumers beyond the pump, with the entire supply chain, from freight to distributors and trucks, seeing a significant rise in costs.…
Ferdysac Márquez, president of the Plaza Loíza supermarket chain, acknowledged that the company he leads faces challenges in keeping the shelves of its eight supermarkets around the island fully stocked.…
Héctor Morales, president of Puerto Rico's Planning Board (JP), announced Wednesday updated economic growth projections showing near-flat growth for fiscal years 2026 and 2027. The JP now forecasts the island's…
Destilería Serrallés, a Puerto Rican family-owned company founded in 1865 in Ponce, has announced the appointment of Martin Guzmán as its new Chief Executive Officer (CEO). Guzmán brings over 20…
The Puerto Rico Department of Consumer Affairs (DACO) released an update on gas prices, which are fluctuating due to Middle East conflict and oil supply disruptions through the Strait of…
A study by the Centro de Estudios del Desarrollo (CED) at the University of Puerto Rico's Río Piedras campus found that the concentration level in Puerto Rico's retail trade increased…
Amasar, a Puerto Rican company, has launched a pizza dough made from breadfruit, a versatile food that grows locally. The dough, which is gluten-free and high in fiber, has a…
Enterprise has reopened in Hatillo with a new car and truck rental facility, nearly eight years after its previous location was destroyed by Hurricane Maria. The new facility offers rental…
Ford Puerto Rico is participating in the Global Food Drive, a worldwide initiative to collect non-perishable food items for the Puerto Rico Food Bank. The campaign, which runs until September…
Carlos Ríos Pierluisi, secretary of Puerto Rico's Department of Economic Development and Commerce (DDEC), announced Monday that the agency is seeking entrepreneurs to join the "Digital Store Academy," part of…
Leticia Garayúa has transformed the window treatment industry with a business intuition that has allowed her to open seven establishments and an online store. These generate sales of over 50,000…
Senate President Thomas Rivera Schatz told the Puerto Rico chapter of the Associated General Contractors (AGC-PR) convention on Friday that the Senate has a substitute permit-reform bill nearly ready and…
VRM, a local developer, is launching a new luxury housing project called Riviera Hills in Palmas del Mar, Humacao, following the success of its previous project, Riviera, in Bayamón. The…
New Fortress Energy Inc. completed a financial restructuring on Friday through a plan agreed with its creditors, cutting the company's debt significantly and easing uncertainty over its operations and commitments…
On Thursday, the Puerto Rico House of Representatives approved by voice vote a bill known as the "tax equality project," aimed at reducing the tax rate paid by Puerto Rico…
Tax Incentives
Puerto Rico's Act 60 Incentive Code — covering export-services decrees, individual investor incentives, and related tax policy news. Full Act 60 guide →
DDEC now takes an average of 148 days to process a tax-decree application, down 57.1% from the prior period. Its compliance office audited 1,798 decrees in its latest count. Individual…
Governor Jenniffer González Colón participated for the first time in the New York Stock Exchange (NYSE) opening bell ceremony this Tuesday, where the Puerto Rico government presented its long-term strategy…
Eight weeks ago, Puerto Rico's Department of Economic Development and Commerce — the agency that runs the island's Act 60 incentives program — lost its secretary and more than ten…
The Panel on the Independent Special Prosecutor (PFEI) determined there was sufficient cause to investigate the complaints filed by former Department of Economic Development and Commerce (DDEC) Secretary Sebastián Negrón…
Sebastián Negrón Reichard resigned as Secretary of the Department of Economic Development and Commerce (DDEC), effective at noon on May 26, telling Governor Jenniffer González Colón that the position requires…
Puerto Rico has moved to tighten oversight of its Act 60 tax-incentive program. The Office of Business Incentives (OIN), part of the Department of Economic Development and Commerce (DDEC), audited…
The US Internal Revenue Service (IRS) is entering a new phase of enforcement focused on taxpayers claiming Puerto Rico residency and Act 60 incentives or benefits. This intensified scrutiny is…
The IRS is closely examining tax breaks claimed under Puerto Rico's Tax Incentives Code (Act 60), which offers benefits such as a 4% corporate tax rate and zero percent tax…