Tax Credits Map > Puerto Rico

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

Yes / 20%

Residency

Both residents and non-residents qualify

Program Limits

Production Cap

None

Program Cap

$100,000,000 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?