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|
|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|
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.