Jan 26, 2014 - The Alternative Minimum Tax (AMT) calculation was modified to account for a tentative minimum tax calculation that includes - 30% tentative minimum tax on alternative minimum net income; or the value from the sum of:

• Payments for related party non-PR services -- 20% tentative minimum tax. (This can include services from a home office to its Puerto Rico local office)
• Personal property acquisitions and purchases from corporate related parties -- 2% tentative minimum tax
• Special Gross Income Tax - special tax ranging from 0.20% to 0.85% depending on the level of the gross income

There are more rules and this post contains simplifications and is not comprehensive. Additionally, as always, a professional should be consulted and be presented with specific information.

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Disclaimer
The information on this website is general information and is for educational use and has not been verified for accuracy nor completeness. You, the reader, should further research your specific individual situation. In addition you should contact your accounting professional for professional advice derived from specific details from your structure and financial position.