The Tax Incentives Code for the Retention and Return of Medical Professionals, provides an attractive tax incentives proposal for the medical professionals with the objective of retain them in Puerto Rico, and at the same time, attract the setup of other professionals’ medical practice to Puerto Rico.
A Qualified Physician that requests and obtains a Tax Exemption Grant under the Act will enjoy the following tax incentives for an initial term of 15 years:
• A 4% fixed income tax rate on Eligible Income generated as a result of offering his/her Professional Medical Services;
• 100% exemption on up to $250,000 received from Eligible Dividends per year; among others.
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