Puerto Rico Tax Credits
Key Success Factors
Application
Projects must obtain a pre-application conference letter prior to production. Application must be submitted prior to completion of production.
Spend Requirements
$50,000
CPA Audit Required?
Yes
Loan-Out:
Registration/
Withholding
Registration/
Withholding
Yes / 20%
Residency
Both residents and non-residents qualify
Program Limits
Production Cap
None
Program Cap
$38,000,000 per fiscal year (July 1-June 30)
Payroll Cap
None
Program Highlights
Tax Credit Type
Transferable tax credit
Tax Credit Amount
20-40%
Questions about the Puerto Rico Motion Picture Tax Credits Program?
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