The preferential treatment proposal standardizes tax benefits that will be granted to companies, but the proposed savings are small compared to the investment made by the Government and municipalities
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In an attempt to attract more investment and create new jobs, the Puerto Rico Department of Economic Development and Commerce (DDEC, Spanish acronym), along with the Treasury Department, has developed a new code of tax incentives that will expand the type of companies and individuals that may receive these benefits, while implementing –for the first time- a specific mechanism to measure the effectiveness of incentives and preferential treatments granted.
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