The Act aims to establish Puerto Rico as an international service center by providing tax incentives and property tax exemptions to encourage the export of services. It seeks to attract foreign capital, retain local professionals, and promote economic development. The Act introduces a fixed income tax rate for eligible businesses and outlines the conditions for tax exemptions and decrees. It also establishes a Special Fund for the Development of Services for Export and Promotion.
documents/EFTA01189755.pdf
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