Sessions
Fireside Chat: Manufacturing Success On the Island
11:00 AM - 11:15 AM Thu
Mrs. Carballo focuses her practice on complex corporate tax matters, including
startup operations, inbound and outbound corporate reorganizations,
acquisitions, financings, exit strategies, legislative affairs, and competent
authority proceedings between the Puerto Rico Treasury Department and the
Internal Revenue Service. She also works with the sales and use tax.
She is ranked as one of Puerto Rico’s Leading Attorneys in the Tax field by the
renowned international publication Chambers & Partners in its Latin America
Guide. She is also ranked in the Tax field of The Best Lawyers in Puerto Rico
guide.
A substantial part of her practice is devoted to tax minimization strategies
through Puerto Rico's various tax incentives programs, including industrial tax
exemption, municipal incentives, export services exemption under Act 20-2012,
and individual investors exemption under Act 22-2012. Many of her clients are
global manufacturing companies in the pharmaceutical, medical devices and
electronics sectors, as well as major retail companies, e-commerce companies
and high net worth individuals. She has extensive practical experience handing
government tax audits, as well as negotiating closing agreements and requests
for rulings on various tax matters with the Puerto Rico Treasury Department.
Together with other members of the legal and accounting profession, she
commented on and proposed changes to the bills which eventually became
the Puerto Rico Tax Reform Act of 1987, the Puerto Rico Tax Reform Act of 2015,
and the Excise Tax Act of the Commonwealth of Puerto Rico of 1987. Mrs.
Carballo spearheaded various amendments to Puerto Rico’s industrial tax
incentives acts of 1998 and 2008.
She is the author of various tax articles, including "Economic Incentives for the
Development of Puerto Rico Act: The Last Frontier in Tax Incentives Legislation,"
which was published in the June 2009 edition of the Journal of Multi State
Taxation and Incentives, and of "Puerto Rico's Subchapter N Eliminates Double