Puerto Rico

Puerto Rico Film Tax Credits and Incentives

Qualified Production ExpendituresIncurred in Territory; In-Territory Vendors; Fringes Paid for Qualified Labor; Taxes Paid for Qualified Labor.  Contact us for more details.

Type of Incentive Tax credit; non-refundable; transferable; carry forward until exhausted
Benefit Details 40% of qualified spend in territory and resident labor; 20% of above the line nonresident labor.
Project Cap None
Annual Cap $50,000,000 for qualified spend and resident labor.
Minimum Local Spend $100,000
Loan-Out Company Considerations Loan outs must be registered in territory. Payments subject to a 20% income tax rate in lieu of any other income tax imposed.
Additional Exemptions Infrastructure Incentives Available
Qualified Labor Resident and Nonresident; Above the Line and  Below the Line.  Contact us for more details.
Sunset Date June 30, 2018
Film Commission Puerto Rico Film Commission
355 F.D Roosevelt Ave, Suite 106
Hato Rey, PR 00918

Demetrio Fernandez-Manzano, Film Commissioner
Demetrio.fernandez@puertoricofilm.pr.gov
787.754.6444

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NOTE: This content has been prepared by Kevin P. Martin & Associates, P.C.  for informational purposes only and should not be construed as tax advice or relied on for specific projects. Though every effort has been made to remain current, laws and incentives change and, therefore, this information may have been revised. Please contact us to confirm any laws or the effect of incentives on your project.