The Corporate Tax Rate in Puerto Rico stands at 37.50 percent.

Corporate Tax Rate in Puerto Rico averaged 37.76 percent from 2004 until 2020, reaching an all time high of 39 percent in 2005 and a record low of 30 percent in 2012. This page provides - Puerto Rico Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Puerto Rico Corporate Tax Rate - values, historical data and charts - was last updated on October of 2020.

Corporate Tax Rate in Puerto Rico is expected to reach 39.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Puerto Rico Corporate Tax Rate is projected to trend around 39.00 percent in 2021 and 37.50 percent in 2022, according to our econometric models.

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Puerto Rico Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
37.50 37.50 39.00 30.00 2004 - 2020 percent Yearly

Puerto Rico Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 37.50 37.50 39.00 30.00 percent [+]
Personal Income Tax Rate 33.00 33.00 33.00 33.00 percent [+]


Puerto Rico Corporate Tax Rate
In Puerto Rico, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Puerto Rico.