P.R. Laws tit. 13, § 31081
2019-02-20 00:00:00+00
(a) There shall be imposed for each calendar year, a tax computed pursuant to the provisions of this section on any transfer of property by gift, made during such calendar year, regardless of whether the person making such gift is a Puerto Rico resident or nonresident.
(b) Tax computation. — The tax imposed by this section for each calendar year shall be based on a ten percent (10%) tax rate, using as base to determine such tax the fair accrued market value of taxable gifts made during the calendar year for which the tax is being computed.
History —Jan. 31, 2011, No. 1, § 2041.01, retroactive to Jan. 1, 2011.