TAKE A CHANCE ON ME! Tax Planning During the Biden Administration
SO VERY HARD TO GO (NOT)! In Pursuit of Puerto Rican Tax Incentives
ISLA DEL ENCANTO - INTRODUCING BORICUA SPLIT DOLLAR
Isla del Encanto-Introducing Boricua Split Dollar
The U.S. Internal Revenue Service (IRS) appears to be entering a new and far more aggressive phase of enforcement focused on taxpayers claiming Puerto Rico residency and Act 60 (formerly Act 22) incentives or benefits. The...more
Puerto Rico's Tax Incentives Code (Act 60) has quickly risen to the forefront of tax planning conversations, drawing intense interest from entrepreneurs, investors, cryptocurrency traders and taxpayers holding carried...more
As coquito season nears, Puerto Rico employers must remember another local tradition: Paying the Christmas Bonus. Under P.R. Law No. 148 of June 30, 1969, eligible (including former) employees must receive this statutory...more
Takeaways- • Puerto Rico Occupational Safety and Health Administration (PR OSHA) has increased penalty amounts for workplace safety violations. • The new penalty structure ensures consistency with federal OSHA...more
The Puerto Rico Public-Private Partnerships Authority (Authority) recently issued a Request for Qualifications (RFQ) to procure generation capacity through power purchase and operating agreements with developers of new...more
Contracts form the foundation of nearly every business transaction in California and across the United States. Parties use them to hire employees, license a service, or, as in musician Bad Bunny’s case, feature a private home...more
La gobernadora de Puerto Rico, la Honorable Jenniffer González Colón, convirtió en ley varias medidas que fueron aprobadas en la sesión legislativa que finalizó el 30 de junio de 2025, las cuales, entre otras cosas,...more
The governor of Puerto Rico, Jenniffer González Colón, signed into law various tax bills that were approved in the legislative session ending on June 30, 2025. These bills primarily amend the Puerto Rico Internal Revenue Code...more
When Puerto Rico Governor Jennifer González enacted the “Puerto Rico Lactation Code” (Act 87-2025) on August 1, she rung in a new day for employers and working mothers across the territory. This innovative legislation...more
A decade ago, the IRS audited and brought cases against numerous taxpayers who claimed residency in the U.S. Virgin Islands to take advantage of a highly touted benefit whereby bona fide Virgin Islands residents could claim a...more
Puerto Rico recently approved Law No. 102-2025 – known as the Universal Recognition of Occupational and Professional Licenses Act – simplifying the process for qualified professionals holding valid licenses in the US to apply...more
The U.S. Internal Revenue Service (IRS) is sharpening its focus on taxpayers who claim residency in Puerto Rico under Act 60 (formerly Act 22). The program was designed to attract investment by offering generous tax...more
On August 1, 2025, Puerto Rico enacted Act No. 87-2025, the “Código de Lactancia de Puerto Rico” or “Puerto Rico Lactation Code” (the Code). The law took immediate effect and consolidated prior laws into one unified code. It...more
Puerto Rico has enacted a groundbreaking Lactation/Breastfeeding Code that consolidates in one statute the rights of breastfeeding employees and the responsibilities of employers across the Island. Signed into law on...more
On August 1, 2025, Governor Jennifer González signed Act 87-2025, titled, “Puerto Rico Lactation Code” (“Code” or “Act 87-2025”). The Code compiles all previously enacted breastfeeding-related laws into one (i.e.,...more
Vacationers are flocking to Puerto Rico this summer to see the island’s superstar reggaeton singer perform, and the potential economic boost is capturing the attention of many businesses. Whether your business is already...more
President Donald Trump recently signed into law the bill commonly known as the One Big Beautiful Bill Act (OBBBA). On July 4, 2025, the OBBBA made permanent many of the provisions of the Tax Cuts and Jobs Act of 2017 (TCJA)...more
Puerto Rico Governor Jennifer González recently signed into law two employment statutes, Act No. 37-2025 and Act No. 26-2025, governing arbitration and hiring preferences for veterans, respectively....more
The Puerto Rico Supreme Court recently ruled that an employer did not have just cause under local employment law to dismiss an employee who required additional medical treatment after the expiration of the job reserve period...more
The Puerto Rico Supreme Court recently issued a decision reaffirming the importance of just cause for employment terminations in Puerto Rico. Méndez Ruiz v. Techno Plastics Industries, Inc., No. 2025 TSPR 68 (June 26, 2025)....more
Puerto Rico Governor Jeniffer González has signed Act No. 29-2025 into law, modifying the Act to Regulate the Breastfeeding or Breast Milk Extraction Period, as amended (“Act 427-2000”), which provides certain nursing...more
On June 23, 2025, Governor Jennifer González signed Act 29-2025, amending Puerto Rico’s Act 427-2000, “Act to Regulate Breastfeeding and Breast Milk Extraction Periods,” and strengthening protections for nursing employees....more
On June 26, 2025, the Puerto Rico Supreme Court (PRSC) issued an opinion in Méndez Ruiz v. Techno Plastics Industries, Inc., 216 D.P.R. ____, 2025 TSPR 68 (2025), determining whether the defendant had “just cause” under...more
The Supreme Court of Puerto Rico recently issued an important decision limiting the role of Puerto Rico’s courts in labor complaints that involve conduct governed by the National Labor Relations Act (NLRA). In Rodríguez...more
On May 21, 2025, the Supreme Court of Puerto Rico had the opportunity to address the judicial deference that was traditionally given to administrative decisions. In Vázquez v. Consejo de Titulares, 215 D.P.R. ___, 2025 TSPR...more