2 de octubre de 2025

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The government is in no hurry to implement the Global Minimum Tax

The secretary of the DDEC, Sebastián Negrón Reichard, acknowledged that the new tax is already affecting various companies on the island, but assured that they are working to prevent their departure and protect some 10,000 jobs

August 14, 2025 - 1:30 PM

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Sebastián Negrón Reichard, secretary of the DDEC, reported that the Puerto Rican government is not “rushing to do anything” to implement the 15% tax on the industrial sector. (Pablo Martínez Rodríguez)

By Efraín Montalbán Ríos

Periodista de Negociosefrain.montalban@gfrmedia.com

At a time when many manufacturing companies are seeking to expand their presence in Puerto Rico, some controlled foreign corporations (CFCs) with a presence on the island are weighing their options to mitigate the payment of the Global Minimum Tax (GMT) to their parent companies, acknowledged Sebastián Negrón Reichard, secretary of the Department of Economic Development and Commerce (DDEC).