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.
*** 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. |