Puerto Rico Bookkeeping Services — Books Kept From Our Home Base
Puerto Rico is home. Maxim Liberty was founded in Vienna, Virginia in 2005 and is headquartered today in San Juan — which means Puerto Rico businesses get something rare: a bookkeeping firm that knows IVU’s B2B rules, the patente municipal, CRIM filings, and Act 60 compliance reporting from the inside, backed by two decades serving the mainland. Dedicated bookkeepers from $75/month, English and Spanish alike.
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San Juan is our headquarters — local operators, Act 60 exporters, and mainland companies with island operations all get a dedicated bookkeeper at $15/hour with daily transaction logging, monthly reconciliations, and books built for Hacienda, CRIM, and municipal filings. 100% money-back guarantee on the first deposit.
Puerto Rico Tax Cheat Sheet
| Obligation | Rate / Fee | Deadline |
|---|---|---|
| Corporate income tax | 18.5% base + graduated surtax (top effective ~37.5%) | Annual returns via SURI |
| Act 60 export services (with decree) | 4% on eligible export-services income | Decree compliance reporting applies |
| Sales & use tax (IVU) | 11.5% general (10.5% + 1% municipal); 4% on B2B and designated professional services (no municipal share) | Monthly via SURI |
| IVU small-merchant exemptions | Services exempt under $50K volume; designated professional services under $200K; B2B under $300K | Annual volume tests |
| Patente municipal (license tax) | Up to 0.5% of gross receipts (non-financial); municipality-set | Volume declaration ~5 business days after April 15; paid July 15 / January 15 |
| Personal property (CRIM) | Varies by municipality (up to roughly 9.8%) | Return due May 15 |
| Annual report / LLC fee (Dept. of State) | $150 | April 15 |
| Employer basics | SUI on first $7,000; SINOT 0.3%+0.3%; Christmas bonus for 700+ hour employees | Bonus payable Nov 15 – Dec 15 |
Figures from Hacienda, CRIM, and PR Department of State sources (July 2026); municipal rates vary — confirm your municipality’s schedules. For the full incentives picture, see our Puerto Rico tax benefits guide.
Act 60 Compliance Is a Bookkeeping Problem
The 4% export-services rate is a contract with conditions — eligible income tracked separately from any non-qualifying revenue, annual reports filed, and records ready when DDEC asks. Enforcement attention on decree holders has grown, and the difference between a routine compliance year and a stressful one is almost always the state of the books. We keep qualifying and non-qualifying revenue cleanly separated so your decree reporting comes off the ledger, not from reconstruction. (Decree strategy and tax filings belong with your CPA — our benefits guide covers the landscape.)
What We Handle for Puerto Rico Businesses
Local operators get IVU handled correctly — 11.5% retail versus 4% B2B and designated services, with the exemption thresholds watched. Every entity gets the April cluster managed: the $150 annual report, the patente volume declaration, and CRIM’s May 15 return. Act 60 exporters get decree-grade revenue tracking. Restaurants and retail get POS-to-bank tie-outs; CPA firms on the island get white-label support at $10/hour. Books behind? Catch-up bookkeeping resets them fast — in either language.
Puerto Rico Bookkeeping FAQs
Do I charge IVU on my services?
It depends on what you sell and to whom: services between merchants (B2B) and designated professional services generally carry the 4% special rate — with exemptions below $300K and $200K in annual volume respectively — while general taxable services carry 11.5%. We tag revenue by category so SURI filings come out right every month.
What is the patente municipal and when do I deal with it?
A municipal gross-receipts license tax — up to 0.5% for most businesses, set by each municipality. The volume-of-business declaration lands about five business days after April 15, with payment in July and January installments (or prepaid for a discount). Gross receipts come straight from your books, so accuracy is money.
We hold an Act 60 decree — what do you actually do for us?
We keep the bookkeeping that compliance depends on: eligible export income separated from other revenue, expenses categorized consistently, and monthly financials your CPA files annual decree reports from. Your tax strategy stays with your advisor; the clean records that make it defensible are our job.
What is the Christmas bonus requirement?
Puerto Rico employers generally owe an annual bonus (payable November 15 – December 15) to employees who worked 700+ hours in the qualifying year, with amounts by employer size and hire date, and a profit-based cap. We track hours and accrue the liability during the year so December is never a surprise.
Where are you actually located?
Our headquarters is San Juan — Puerto Rico is home turf, not a market we serve remotely. Founded in Vienna, Virginia in 2005, fully virtual delivery, dedicated bookkeeper from $75/month with a 100% money-back guarantee on your first deposit.
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Dedicated bookkeeping for Puerto Rico businesses — from $75/month with a money-back guarantee on your first deposit.