Puerto Rico has introduced important changes in relation to manufacturing incentives that were enacted as part of Law No. 52-2022, which was signed into law on 30 June 2022. This includes the introduction of a new option allowing companies operating under manufacturing tax incentives laws to elect for the application of an alternative 10.5% income tax instead of the 4% excise tax on foreign corporations manufacturing in Puerto Rico. Subject to certain conditions, the 4% excise tax is provided…