Production Incentives Database

Puerto Rico  

   
Incentive TypeTransferable Non-Refundable Tax Credit
Spend40-50%
Above the Line Residents40-50%
Above the Line Nonresidents20%
Below the Line Residents40-50%
Below the Line Nonresidents20%
Bonus 1If you shoot Puerto Rico for Puerto Rico, you can earn an extra 10% on your resident spend and labor
Project Criteria$50,000 minimum qualified spend per project; $25,000 minimum qualified spend for documentaries and short films
Loanout Registration RequiredYes
Loanout WithholdingYes, 20%
Annual Funding Caps$50,000,000
Project CapsNone
Minimum Spend$50,000
Sunset Date06/30/2018

Puerto Rico Film Commission
355 F. D. Roosevelt Avenue, Suite 106, Hato Rey, PR 00918

Demetrio Fernandez Manzano, Film Commissioner
Phone: 787 754 6444
EmailWebsite

Also Applies To:
Animation
Commercials
Documentaries
Game Shows
Interactive
Industrials
Music Videos
News
Sports
Reality TV
Web_Series
Audit Requirements
An audit by a CPA licensed in Puerto Rico is required. The auditor has a term of 30 days to complete the audit report and submit it to the Puerto Rico Film Commission and Puerto Rico Treasury Department
Getting Started
Contact the Puerto Rico Film Commission with the name of the project, type of project, estimated total budget, estimated Puerto Rico budget, and the production timeline to discuss the project and obtain a Pre-application Conference Letter; submit a Puerto Rico Film Project Grant Application Form to the Puerto Rico Film Commission prior to end of production (or standalone post production ) with required documentation; a filing fee totaling 1% of the Puerto Rico estimated budget is required ($250,000 maximum) with 50% due in order for the grant to become effective.
Screen Credit Required
Yes
Company Registration
No
Sales Use Tax Relief
No
Hotel Occupancy Tax Relief
No
Local Vendors Qualify
Yes
Outside Vendors Qualify
No
Claiming Incentive
The Puerto Rico Film Commission and the Puerto Rico Treasury Department will have 30 days to review and approve the Audit Report; the balance of the filing fee is due within 15 working days of receiving certification.
Additional Information
Annual rolling cap on payments to Puerto Rico resident companies and individuals is $50 million (may be expanded up to $350 million if incurred partially in a Film Development Zone)

Preproduction, production and/or post production expenses are eligible for tax credit as of the Pre-Application Conference Letter date; if a Pre-application Conference Letter is not obtained, expenses will become eligible for the tax credit from the date the application is filed.

Development payment to Puerto Rico resident companies and individuals and nonresident
A-T-L will qualify if 50% or more of the production is developed in Puerto Rico.

Payments made to nonresidents that qualify for the incentive are subject to 20% withholding over their Puerto Rico sourced income.

Tax credit has an unlimited carry forward

Infrastructure Tax Credit of 25% available. Contact the Puerto Rico Film Office for information.

Last updated: 01/10/2017
Production Incentive Disclaimer
The encapsulated production incentive information on this page is provided for general purposes only and should not be construed as tax advice. While we do our utmost to keep all information up to date, production incentives change often. The best source for incentive details is the film office itself. For more explanation or detail about the production incentive described here, please contact our resident production incentives expert at incentives@media-services.com.