P.R. Laws tit. 13, § 10813
Any natural or juridical person who operates as publisher and is incorporated in the Commonwealth of Puerto Rico or is authorized to conduct business in our jurisdiction pursuant to the provisions of Act August 10, 1995, No. 144, known as the “General Corporations Act of 1995”, whose economic activity and social purpose is publishing books and whose main office, or the main seat of the company is located in the jurisdiction of the Commonwealth of Puerto Rico, shall enjoy a tax exemption of fifty percent (50%) of the payment of taxes for a period of ten (10) years regarding:
(a) The net income proceeding from the sale or publishing, as the case may be, of books.
(b) The taxes on real or personal property provided it is used for publishing books.
However, any enterprise that operates as publisher, as provided in this section, but whose main office or seat is not located within the jurisdiction of the Commonwealth of Puerto Rico shall have an exemption of ten percent (10%) from the payment of taxes for a period of ten (10) years regarding the preceding subsections (a) and (b) of this section.
Publishers shall submit to the Secretary of the Department of the Treasury and to the CRIM all documents these require through regulations to verify and/or certify that they have complied with the provisions of this chapter.
History —Sept. 29, 2004, No. 516, § 5.