Puerto Rico Commercial Production Incentives

Questions about the Puerto Rico Incentive Program?
Type of Incentive | Transferable Tax Credit |
Incentive Amount | 20 - 40% |
Residency | Both residents and non-residents can qualify |
Minimum Spend | $100,000 |
Production Cap | None |
Salary Cap | None |
Annual Cap | $38M per fiscal year. |
Application Timeline | Projects must obtain a pre-application conference letter prior to production. Application must be submitted prior to completion of production |
Loan-Out Registration | Yes |
Loan-Out Withholding | 20% |
CPA Audit | Yes |
Puerto Rico Film Commission
PR program requires non-residents working in PR to have 20% withheld. ANY production crew/talent coming from the US who do not have this withholding done, jeopardize the entire credit.