P.R. Laws tit. 13, § 30552
2019-02-20 00:00:00+00
A special partnership that has made an option under the provisions of this subchapter shall not be subject to the income tax imposed by this part on partnerships. Partners shall be liable for taxes on income attributable to their distributive share of the special partnership’s net income. The application of this provision by itself shall not have the effect of treating a partner not otherwise engaged in trade or business within Puerto Rico, as engaged in trade or business in Puerto Rico.
History —Jan. 31, 2011, No. 1, § 1114.02, retroactive to Jan. 1, 2011.