DDEC strips 311 decrees from Act 22 beneficiaries
August 2, 2022
The actions came from the agency’s Incentives Office.
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Gov’t revokes 121 tax incentives decrees under Act 22
December 16, 2021
The Department of Economic Development and Commerce (DDEC, in Spanish) has revoked 121 tax incentive decrees to Act 22 (now Act 60) beneficiaries who failed to submit annual reports to the agency, as the law ...
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CPI INVESTIGATES: Puerto Rico Act 22 tax incentive fails
June 25, 2021
The jobs and economic impact anticipated by the Puerto Rico government never materialized. From being an instrument to attract millionaires and foreign investment, Act 22 went on to become a haven for cryptocurrency fans, YouTube ...
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