The QMN Weekly Bulletin

Puerto Rico Plans Extension, Hike on Manufacturing Tax

Feb. 15, 2013
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Devicemakers face yet another tax battle if Puerto Rico goes through with plans to increase its tax rate on manufacturers based outside the country. Under a 2010 law known as Act 154, companies whose sales exceed $75 million a year must pay an excise tax on products made in Puerto Rico and sold overseas. The tax was introduced in 2011 at a rate of 4 percent and was to drop to 1 percent by 2016 before expiring entirely.
Devices & Diagnostics Letter