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Financial statements audits
Financial statement audits
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Compliance audits
Compliance audits
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Compilations and reviews
Compilations and audit
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Agreed-upon procedures
Agreed-upon procedures
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Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
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International tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
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Tax compliance
Business Tax
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Individual taxes
Individual taxes
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Estate and succession planning
Estate and succession planning
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Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
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Sales and use tax and indirect taxes
SUT/ VAT & indirect taxes
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Tax incentives program
Tax incentives program
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Transfer Pricing Study
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
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Business consulting
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
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Forensic and investigative services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
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Fraud and investigations
The commercial landscape is changing fast. An ever more regulated environment means organizations today must adopt stringent governance and compliance processes. As business has become global, organizations need to adapt to deal with multi-jurisdictional investigations, litigation, and dispute resolution, address the threat of cyber-attack and at the same time protect the organization’s value.
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Dispute resolutions
Our independent experts are experienced in advising on civil and criminal matters involving contract breaches, partnership disputes, auditor negligence, shareholder disputes and company valuations, disputes for corporates, the public sector and individuals. We act in all forms of dispute resolution, including litigation, arbitration, and mediation.
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Business risk services
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
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Internal audit
We work with our clients to assess their corporate level risk, identify areas of greatest risk and develop appropriate work plans and audit programs to mitigate these risks.
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Service organization reports
As a service organization, you know how important it is to produce a report for your customers and their auditors that instills confidence and enhances their trust in your services. Grant Thornton Advisory professionals can help you determine which report(s) will satisfy your customers’ needs and provide relevant information to your customers and customers’ auditors that will be a business benefit to you.
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Transactional advisory services
Transactions are significant events in the life of a business – a successful deal that can have a lasting impact on the future shape of the organizations involved. Because the stakes are high for both buyers and sellers, experience, determination and pragmatism are required to bring deals safely through to conclusion.
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Mergers and acquisitions
Globalization and company growth ambitions are driving an increase in M&A activity worldwide as businesses look to establish a footprint in countries beyond their own. Even within their own regions, many businesses feel the pressure to acquire in order to establish a strategic presence in new markets, such as those being created by rapid technological innovation.
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Valuations
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
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Recovery and reorganization
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
Go Beyond: Our Commercial Mission in Panama
As a partner of Tax, I had the amazing opportunity to travel to Panama for a commercial mission. In collaboration with Puerto Rico’s Department of Economic Development and Commerce, a selected group of local leaders visited Panama to create commercial alliances that can result in the expansion of businesses within both markets.
For almost a week, we got to meet up with key businesses and leaders of the Panamanian market to share knowledge, experiences, and network with this LATAM country.
On my part, I presented a complete framework about Puerto Rico’s current tax incentives and the opportunities it represents for foreign businesses looking to expand into new markets. Along with José César, from GT Panama, we discussed some growth strategies for businesses.
One of the main takeaways from the island’s fiscal jurisdiction is that our economy has been driven by the manufacturing industry for the past 70 years. Consequently, there are many legislations focused on tax exemption for this industry as it continues transforming the island’s industrial economy.
Puerto Rico's fiscal jurisdiction also offers unique advantages to individuals and businesses seeking favorable tax conditions. As a U.S. territory, Puerto Rico maintains its own tax system separate from the mainland. This jurisdiction provides an attractive environment for businesses in industries like manufacturing, export services, and technology, aiming to leverage from our incentives to stimulate growth and investment on the island. Additionally, individuals can enjoy tax breaks on capital gains, interest, and dividends, making Puerto Rico an appealing destination for those seeking to optimize their financial situation.
For me, this #KevaneTravel was a golden opportunity to connect with the LatAm market and to learn more about their economic landscape. As I return to Puerto Rico, I feel inspired and eager to continue learning from the global markets we visit.
Panama, thank you for receiving me on such an insightful commercial mission!
If you’re interested in learning more about Puerto Rico’s tax landscape, you can download my complete presentation below.
Omar Mues, CPA
Partner of Tax
T: (787)754-1915
E: omar.mues@pr.gt.com
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Omar Mues Omar is a tax partner with over sixteen years of experience in public accounting, including “Big Four” firms. He has experience in consulting services, general and public accounting, and taxation, with hands-on experience in Puerto Rico tax incentives, private letter rulings and closing agreements, and tax planning and strategies.View Profile
