In this course, you will learn why Puerto Rico has become the new tax home for wealthy individuals and business owners looking for a legal way to maintain their U.S. citizenship and still lower their tax bills. In 2012, Puerto Rico implemented the Export Services Act and the Individual Investor Act to help reignite their local economy. In the process, they ended up giving taxpayers an amazing gift. Those businesses that qualify under the Export Services Act will only pay a 4% income tax in Puerto Rico and 0% tax to the IRS on their qualifying income. Those individuals who qualify under the Individual Investor Act pay 0% tax in Puerto Rico, and their qualified income is exempt from U.S. tax. This strategy is not right for everyone, but for those that qualify, it is a life-changer. 

Learning Objectives:

• Recall basic knowledge of Puerto Rico and its various tax incentives


• Identify the requirements under the Export Services Act


• Identify the requirements under the Individual Investor Act


• Recognize transfer pricing and its role in Puerto Rican tax incentives

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222