Tax
Latin America Guide 2025 : Puerto Rico
Band 1
Email address
[email protected]Contact number
+1 787 764 8181About
Provided by O'Neill & Borges LLC
For over 60 years, O'Neill & Borges LLC is one of the leading tax law firms in Puerto Rico with substantial experience in income tax, tax exemption, sales and use, excise tax, and local taxes such as municipal license tax and property tax issues. It has ample experience in tax planning and structuring for Puerto Rico investments, operations, reorganizations, liquidations, and various other types of transactions, including for controlled foreign corporations (CFCs), among others. It is experienced negotiating tax incentives, tax grants, closing agreements, rulings on complex issues, qualification of pension plans, and in administrative procedures before the Treasury Department, PRIDCO, the Centre for the Collection of Municipal Revenues (CRIM) and municipalities. It provides advice on qualification for free trade zones (FTZ), export services (Act 20), Tax Exemption (Act 60), Qualified Opportunity Zones, among others. It also has extensive experience in litigation of tax issues.
Chambers Review
O'Neill & Borges is a highly acclaimed powerhouse firm and fields a sizeable team of tax specialists in Puerto Rico. The department is highly active advising clients on the structuring of tax-efficient vehicles for major M&A transactions, negotiating tax incentives and the tax implications of corporate divestments. Its noted bench of strong practitioners has in-depth experience representing clients in administrative proceedings, including tax audits and ruling requests. The firm boasts an impressive roster of key clients from the finance and energy industries.
Work Highlights
- O’Neill & Borges advised EVERTEC and EVERTEC Group on the analysis of the Puerto Rican tax implications regarding its financing and investment in a Brazilian entity.
Strengths
Provided by Chambers
"O'Neill & Borges has a great team which looks at matters from many different angles, including short and long term perspectives. The lawyers have deep knowledge and many years of experience."
"O'Neill & Borges's team has extensive knowledge and vast experience managing critical and complex matters. The lawyers are seasoned and understand the company as well as our expectations."
"O'Neill & Borges has a great team which looks at matters from many different angles, including short and long term perspectives. The lawyers have deep knowledge and many years of experience."
"O'Neill & Borges's team has extensive knowledge and vast experience managing critical and complex matters. The lawyers are seasoned and understand the company as well as our expectations."
Notable Practitioners
San-Juan based practitioner Amaya Iraolagoitia continues to elicit significant praise from market observers for her specialised tax practice, frequently representing clients in contentious matters involving income, municipal licence and property taxes.
"Amaya Iraolagoitia is a highly experienced and professional attorney. She is always available and eager to support the company in any and all requests. She also has a vast knowledge of tax matters."
"Amaya Iraolagoitia is a great lawyer. She is our highly trusted counsel and provides advice that is thorough and on-point, which really helps our company make great decisions."
Respected partner Rosa González-Lugo is highly experienced in assisting clients with the tax structuring of transactions as well as tax exemptions.
"Rosa González-Lugo is knowledgeable, friendly and has expertise, which helps us a lot."
Up-and-coming partner Denisse Ortiz regularly assists clients with the tax structuring of corporate and financial transactions in Puerto Rico.
Ranked Lawyers at
O'Neill & Borges LLC
Puerto Rico