PRODUCTION INCENTIVES > UNITED STATES >

Puerto Rico

United States - Alabama

NamePR - Production Tax Credit Programme
URLhttps://www.olffi.com/c/PRFLC01T
FundPuerto Rico Film Commission https://www.olffi.com/c/PRFLC
TypeProduction Incentive
ActivityProduction
Project typesFeature Films, TV series, TV single work, Computer games, Shorts, Music Videos, Commercials
Nature of projectFiction, Animation, Documentary
Funding calculation % of QE upto40
Funding calculation info40% on all payments to Puerto Rico resident companies and individuals / 20% on all payments to non resident Above-the-Line, including producers, directors, writers and talents* / Annual cap on credits for payments to Puerto Rico resident companies and individuals is 50M USD *Nonresidents become residents after 183 days living in Puerto Rico
Nature of fundingAutomatic
Who can applyForeign Production Company, National Production Company, Service Production Company
Other requirementsProduction or post-production of the film project must be carried out in whole or in part in Puerto Rico.
All year roundYes
RecoupableNot Recoupable
Tax typeTax Credit
Financial supportNational Productions, Coproductions, Foreign Productions
Financial support info40% production tax credit on all payments to Puerto Rico resident companies and individuals and 20% production tax credit on all Nonresident Qualified spending. Additionally, persons engaged in qualifying projects are eligible for the following preferential tax rates or exemptions: Fixed income tax rate of between 4% and 10% 100% exemption on dividend taxes 90% exemption from municipal and state taxes on property 100% exemption from municipal license taxes, excise taxes and other municipal taxes
Minimum local spending100000 USD
Individuals paying income tax inPuerto Rico
Foreign individuals paying income tax inPuerto Rico
Service companies paying taxes inPuerto Rico
Good & Services spent inPuerto Rico
OtherPayments to non-resident incl. producers, directors, writers and talents (Nonresidents become residents after 183 days living in Puerto Rico and qualify for the 40% Tax Credit)/ Development payments qualify if 50% or more of principal photography is shot in Puerto Rico / Non-residents can qualify if at least 50% of the production expenses are spent in the country

Contact Details

Name: Carla Cardona Figueroa
Phone:+1 787 758-4747
Email:carla.cardona@puertoricofilm.pr.gov
  
Name: Pedro Rua
Phone:+1 (787) 754-6444
Email:pedro.rua@puertoricofilm.pr.gov