P.R. Laws tit. 13, § 10814
Any natural or juridical person who operates as printer and is incorporated in the Commonwealth of Puerto Rico or is authorized to conduct business in our jurisdiction, according to the provisions of Act August 10, 1995, No. 144, known as the “General Corporations Act of 1995”, and whose economic activity and social purpose is to print books, shall have the following tax benefits:
(a) The paper imported exclusively to print books produced in Puerto Rico shall be free and exempt from the payment of all types of import duties. Imported originals, photographs, graphic arts works, illustrations, cardboard, lithographic plates and inks and processed film, when used exclusively for printing books in Puerto Rico shall be exempted from the payment of any import duties. Imported machinery and equipment used to print books shall be exempted from the payment of any import duties.
(b) Shall be entitled to a tax exemption of ten percent (10%) from the payment of income taxes proceeding from the printing of books in Puerto Rico for a period of ten (10) years.
Printers shall submit to the Secretary of the Department of the Treasury all documents the latter requires through regulations to verify and/or certify that they have complied with the provisions of this chapter.
History —Sept. 29, 2004, No. 516, § 6.