San Juan mayor reports growth driven by new businesses, public policies
August 30, 2024
Puerto Rico’s capital granted 51 decrees, leading to some $38 million in investments and 1,600 jobs, Mayor Miguel Romero said. #NewsismyBusiness
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Puerto Rico comptroller: Oversight of tax decrees lacking
March 6, 2024
An audit revealed gaps in compliance and regulation for incentives under acts 20 and 22. #NewsismyBusiness
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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 required. Carlos Fontán, director of the DDEC’s office of business incentives in Puerto Rico, said in April, the agency began […]
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