Tag Archives: Puerto Rico

Changes to reporting requirements for severance payments in Puerto Rico

By: Mariana Muniz and Juan Carlos Feliciano   For tax year 2018, employers in Puerto Rico will be required to report certain severance payments, as discussed further below, as “exempt wages” on Withholding Statement Form 499R-2/W-2PR (the Puerto Rico equivalent of the US W-2 Form – PR Form W-2),1 as opposed to Form 480.6D. Under Section … Continue Reading

Puerto Rico’s Dealers Act: what every principal should know before selling products or services in Puerto Rico

By Nikos Buxeda and Camille Álvarez Puerto Rico’s Act 75 of June 24, 1964 was enacted to protect Puerto Rican distributors or dealers from arbitrary terminations to a distribution agreement. It essentially provides that, regardless of any contractual provision to the contrary, a dealer or distribution agreement may not be terminated, impaired or not renewed … Continue Reading

Private equity and hedge funds in Puerto Rico – a welcoming environment in the Caribbean

Written by: Nikos Buxeda, Manuel López-Zambrana, Camille Alvarez and Juan Carlos Feliciano Ten years ago, private equity funds and hedge funds were practically nonexistent in Puerto Rico. This has changed dramatically as the result of two main developments: the enactment of Act 185-2014, known as the Private Equity Funds Act and (ii) the influx of … Continue Reading
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