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Government invests $20.614 billion in tax incentives

The state government distributed in tax credits, exemptions, deductions, and preferential rates almost the same amount spent in fiscal year 2017

22 de septiembre de 2019 - 11:20 AM

Archival note
This content was published more than 5 years ago.
Treasury Secretary Francisco Parés Alicea. (GFR Media)
Treasury Secretary Francisco Parés Alicea. (GFR Media)

For the first time, and after three years of specific demands by the Oversight Board, through PROMESA, the Treasury Department published a report detailing how much it spends on the hundreds of tax credits, exemptions, deductions and preferential rates granted to individuals, companies and non-profit institutions throughout Puerto Rico.

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