Puerto Rico


Last reviewed - 03 March 2023

Puerto Rico, located in the Caribbean Sea, is an archipelago that includes the main island of Puerto Rico and a number of smaller islands. The capital of Puerto Rico is San Juan, the official languages are English and Spanish, and the currency is the United States dollar (USD).

Puerto Rico is a Commonwealth of the United States. Puerto Ricans were granted US citizenship in 1917. In 1952, a constitution was enacted providing for internal self-government.

Puerto Rico has one of the most dynamic economies in the Caribbean region. A diverse industrial sector has far surpassed agriculture as the primary locus of economic activity and income. Encouraged by duty-free access to the United States and by tax incentives, US firms have invested heavily in Puerto Rico since the 1950s. Tourism has traditionally been an important source of income, with estimated arrivals of more than 5.2 million tourists in 2017.

PwC Puerto Rico supports clients with the local knowledge, including tax knowledge, and skills of its people and with access to a broad range of other professionals across the PwC global network of firms. PwC Puerto Rico serves a variety of industries, including manufacturing, pharmaceutical, technology, professional services, retail, insurance, and communications, among others.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%)

37.5 (i.e. 18.5% + 19% surtax on income over USD 275,000).

Corporate income tax (CIT) due dates
CIT return due date

By the 15th day of the fourth month following the close of its tax year.

CIT final payment due date

By the 15th day of the fourth month following the close of its tax year.

CIT estimated payment due dates

Equal instalments on the 15th day of the fourth, sixth, ninth, and 12th month of the taxable year of the corporation.

Personal income tax (PIT) rates
Headline PIT rate (%)

33, plus 5% gradual adjustment tax

Personal income tax (PIT) due dates
PIT return due date

15 April

PIT final payment due date

15 April

PIT estimated payment due dates

Quarterly (15 April, 15 June, 15 September, and 15 January)

Value-added tax (VAT) rates
Standard VAT rate (%)

Sales and use tax: 11.5% for tangible personal property and certain services; 4% for business-to-business services and designated services.

Withholding tax (WHT) rates
WHT rates (%) (Dividends/Interest/Royalties)

Resident: NA;

Non-resident: 15 (individual) or 10 (corporation) / 29 / 29

Capital gains tax (CGT) rates
Headline corporate capital gains tax rate (%)


Headline individual capital gains tax rate (%)

See Puerto Rico's individual tax summary for capital gain rates.

Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)


Inheritance and gift tax rates
Headline inheritance tax rate (%)


Headline gift tax rate (%)


NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.