Puerto Rico - Tax Lawyers & Law Firms - Latin America - Chambers and Partners
Chambers & Partners has detected the use of an ad blocker.
We make use of tailor-made ads to enhance your experience of our website.
Please 'whitelist' https://www.chambersandpartners.com.
Close
Latin-America Guide

Tax — Puerto Rico


McConnell Valdés LLC - Tax

-

Band 1

第一等

Commentary from the Chambers Latin America guide

Basic facts about the department
- Head of department: Isis Carballo-Irigoyen
- 6 partners
- 11 other qualified lawyers

What the team is known for Revered tax practice maintaining its top-tier position in the Puerto Rican market. Fields a sizeable team with substantial experience advising a roster of local and multinational corporations. Recognised for its expertise across the full range of tax work, with particular strength in advising on tax exemptions and consumption taxes. Well equipped to handle the tax structuring for major transactions within the pharmaceutical, energy and electronics industries, and also boasts considerable clout in the tax litigation arena.

Strengths Clients are enthusiastic in their praise, with one attesting: "McConnell Valdés has a reputation as one of Puerto Rico's premier firms, and its performance meets this expectation; it delivers to a consistently excellent standard. Its strength is its expertise across all relevant areas, and its ability to assemble cross-disciplinary groups to provide a comprehensive service in complex matters."

Another source continues: "I think very highly of its lawyers; their strength is their technical knowledge. They also share with us the impact of any changes in the law and discuss possible outcomes and alternatives; they are very results-oriented."

Work highlights Advised on substantive tax issues relating to the case between Walmart and the Secretary of the Treasury of Puerto Rico contesting the enforcement of the intercompany expense allocation and alternative minimum tax.

Represented two subsidiaries of DuPont in challenging a number of high-value municipal licence tax assessments before the Puerto Rican courts.

Significant clients CooperVision Caribbean, St. Jude Medical, PPG Industries, Coca-Cola, Google.

Notable practitioners

Partner Roberto Cabañas is experienced in advising on tax structuring for major corporate transactions as well as for real estate, tourism and energy projects, with particular expertise in providing counsel on tax incentives. He is retained by a stellar client roster, including leading names from the international tourism and food and beverage industries.

According to clients, department head Isis Carballo-Irigoyen "has experience and profound knowledge of the tax field." They go on to add: "She provides a highly attentive and professional service." She is experienced in advising on the tax aspects of such matters as corporate reorganisations, acquisitions, liquidations, financings and privatisations.

Market observers assert that Xenia Velez has "a wealth of technical expertise," adding: "She has enormous experience and very profound knowledge of the tax field." She is adept at advising on the tax aspects of cross-border transactions, including M&A. She has previously worked for the Secretary of the Treasury of Puerto Rico.

Partner Yamary González is highlighted by sources, who report: "She provides thoughtful analysis and exceptional client service, as she is very responsive to our enquiries, anticipates potential problems for the company, and offers solid advice on how to address them." She focuses her practice on advising on income, consumption and municipal taxes.

Department profile by McConnell Valdés LLC

Department profile not yet provided by McConnell Valdés LLC. Please see their firm profile.

No Content Provided

Industries

  • {{industry.name}}

No Content Provided

Clients

  • {{client.name}}

No Content Provided

No Content Provided


O'Neill & Borges LLC - Tax

-

Band 1

第一等

Commentary from the Chambers Latin America guide

Basic facts about the department
- Heads of department: Rosa González-Lugo, Amaya Iraolagoitia and Ismael Vincenty-Medina
- 10 partners
- 5 other qualified lawyers

What the team is known for First-class tax practice with a deep bench and a stellar presence in the tax sphere. Team boasts prowess spanning the full spectrum of tax matters, including the fiscal aspects of M&A deals, the negotiation of tax incentives, and general tax compliance. Also provides comprehensive coverage of administrative proceedings and litigation. Acts for an impressive roster of both domestic and international clients in areas such as technology, healthcare and energy.

Strengths The firm is held in high esteem by sources, with one stating: "The team at O'Neill & Borges continues to impress. The lawyers are responsive and understand the speed at which their feedback is often required, but they never sacrifice quality in their service. Even under tight deadlines they can provide concise, value-added advice, and they always strive for practical and creative solutions."

Another client also endorses the lawyers for "their in-depth expertise, their responsiveness, and their individual personalities. They are highly pragmatic and always quick to come back to you."

Work highlights Advised on tax and tax exemption aspects in connection with a major research, development and manufacturing operation in Puerto Rico relating to a significant new renewable energy project. Estimated tax savings for this project are approximately USD180 million.

Significant clients Allergan, UBS, Merck Sharp & Dohme, Costco Wholesale, Nordstrom.

Notable practitioners

Peers report that Amaya Iraolagoitia "is a first-rate tax incentives lawyer." Clients concur, commenting: "She is an accomplished professional with a prestigious reputation in the market." Another adds: "She is instrumental in handling our tax strategy, and her persuasive style and the high level of respect she commands have really helped us." She continues to advise major clients on tax exemption matters, as well as tax issues related to corporate transactions.

Partner Rosa González-Lugo "has significant expertise in all areas of tax and provides an excellent and practical client service," according to commentators. She enjoys a solid reputation in the market, with sources noting: "She is an excellent lawyer with a lot of experience."

Market commentators endorse Ismael Vincenty-Medina as "a highly competent and very analytical lawyer." Clients go on to say: "He is very technical and easy to communicate with. His written English is also very good, and he is always available." He is particularly adept at advising on the tax aspects of high-level transactions.

According to sources, "exceptional" senior statesman Walter Chow is "an excellent and very hard-working lawyer." Clients go on to report: "He is personable, kind, and very responsive." He offers a wealth of experience in the tax and corporate arenas.

Partner Rosa Lázaro focuses her practice primarily on insurance and employee benefits. She advises international clients operating in Puerto Rico on corporate transactions, and has particular expertise in the pharmaceutical and healthcare sectors. Sources note: "She is very experienced on the tax side of pension plans."

Department profile by O'Neill & Borges LLC

Department profile not yet provided by O'Neill & Borges LLC. Please see their firm profile.

No Content Provided

Industries

  • {{industry.name}}

No Content Provided

Clients

  • {{client.name}}

No Content Provided

No Content Provided


Pietrantoni Méndez & Alvarez LLC - Tax

-

Band 2

第二等

Commentary from the Chambers Latin America guide

Basic facts about the department
- Heads of department: Edgar Ríos-Méndez and Ángel Marzán
- 2 partners
- 7 other qualified lawyers

What the team is known for Highly regarded practice advising local and international clients on all areas of tax including tax planning, income tax and tax exemptions. Frequently called upon to represent clients before the tax authorities. Team is notably active within the banking, real estate and energy sectors, and maintains a particular focus upon advising technology companies and hedge funds.

Strengths Clients praise the firm's service in this area, stating: "We would highly recommend this firm as a great choice for tax work. We value the team's expertise and the manner in which the lawyers conduct their business; they are professional, knowledgeable, timely and thorough."

Significant clients Popular, Paulson & Co., Blackpoint Management, JPMorgan Chase, Encanto International.

Notable practitioners

The "brilliant tax lawyer" Fernando Goyco is held in high esteem by the market for his prestige and impressive level of expertise in fiscal matters. He focuses on the tax aspects of domestic and cross-border M&A transactions, with in-depth knowledge of inbound investment, tax structuring and planning. He also offers profound expertise in handling contentious cases.

José Cestero benefits from over 35 years of experience in the area, with interviewees describing him as "a highly accomplished and deeply knowledgeable lawyer," as well as "a solid and very experienced practitioner." Sources go on to add: "He provides a great balance of legal knowledge and a practical approach."

Edgar Ríos-Méndez is admired within the market for his expertise in finance mandates. Sources report: "His knowledge is extensive, and he is thus respected both within the field and by his clients." Interviewees also go on to highlight "his response times and attention to detail," as well as "his high level of involvement and dedication within his field."

Department profile by Pietrantoni Méndez & Alvarez LLC

No Content Provided

Industries

  • {{industry.name}}

No Content Provided

Clients

  • {{client.name}}

No Content Provided

No Content Provided


Adsuar Muñiz Goyco Seda & Pérez-Ochoa, P.S.C. - Tax

-

Band 3

第三等

Commentary from the Chambers Latin America guide

Basic facts about the department
- approximately 5 qualified lawyers

What the team is known for Compact practice active across a range of tax matters, with a strong focus upon tax exemptions and incentives, as well as estate planning and pension plans. Also maintains noted strength in advising companies on tax planning and the fiscal aspects of establishing operations in Puerto Rico.

Notable practitioners

Ricardo Muñiz earns praise from market sources for his valuable experience in trusts and estate planning. Interviewees say: "He is a respected lawyer in the market." He offers local and international clients comprehensive knowledge of tax exemptions, incentives and credits.

Department profile by Adsuar Muñiz Goyco Seda & Pérez-Ochoa, P.S.C.

Department profile not yet provided by Adsuar Muñiz Goyco Seda & Pérez-Ochoa, P.S.C.. Please see their firm profile.

No Content Provided

Industries

  • {{industry.name}}

No Content Provided

Clients

  • {{client.name}}

No Content Provided

No Content Provided


Ferraiuoli LLC - Tax

-

Band 3

第三等

Commentary from the Chambers Latin America guide

Basic facts about the department
-Heads of department: René Avilés-García and Pedro Notario-Toll
- 4 partners
- 4 other qualified lawyers

What the team is known for Established player offering a range of services in the tax area, including international tax planning, and the tax aspects of corporate matters such as reorganisations, project development and M&A deals. Services also include handling contentious cases within the sector before the relevant authorities.

Strengths Clients are full of praise for the practice, highlighting the team's "excellent service and knowledge" and adding: "The lawyers are responsible and always available, and they have great command of the tax area."

Work highlights Advised Fit2Run on the tax-efficient structure relating to its establishment of operations in Puerto Rico.

Significant clients MedicoLegal, Aerostar Airport Holdings, Fit2Run, Empresas Fonalledas.

Notable practitioners

The "experienced" René Avilés-García is praised by clients for his "knowledge and availability," with sources further commending his "punctuality and high-quality work." Market sources also roundly highlight his particular expertise in employee benefits, in which they assert: "He is an exceptional practitioner."

Department co-head Pedro Notario-Toll has solid experience in advising clients on international tax matters across the real estate, hospitality and financial sectors. He is endorsed by clients, who say: "He is very creative and always available."

Department profile by Ferraiuoli LLC

Department profile not yet provided by Ferraiuoli LLC. Please see their firm profile.

No Content Provided

Industries

  • {{industry.name}}

No Content Provided

Clients

  • {{client.name}}

No Content Provided

No Content Provided


Reichard & Escalera LLC - Tax

-

Band 3

第三等

Commentary from the Chambers Latin America guide

Basic facts about the department
- Head of department: Carlos Serrano
- 3 partners
- 2 other qualified lawyers

What the team is known for Skilled practice group with solid experience in tax mandates, most notably relating to the pharmaceutical, retail, media and energy sectors. Significant strength in handling the tax aspects of corporate matters, including spin-offs, restructurings, and M&A transactions. Offers additional capabilities in tax litigation before the relevant authorities.

Strengths The team is frequently praised by clients for its service, with one stating: "The lawyers are highly professional and their English is very good, including in the case of technical terminology. Their style of billing is always clear, and the people are obviously real experts."

Significant clients Stryker, Eli Lilly, Best Buy, Claro, Pfizer.

Notable practitioners

The "sophisticated" Carlos Serrano is an admired name in the tax field and is highly respected for his experience in the market, with a focus on tax issues relating to the pharmaceutical sector. He is praised by clients for his "great service and high-quality work product," with others calling him "a tax and accounting expert with a great approach to solving problems." Interviewees add: "He really understands our business needs and always keeps us updated."

Partner Alba Joubert Pereira is praised by clients for "anticipating our needs and providing a great service to our company." Market observers go on to note: "She has a very high level of technical knowledge, she is very prudent, and always available and willing to help." Sources go on to highlight her impressive involvement and visibility in the tax sphere.

Department profile by Reichard & Escalera LLC

Reichard & Escalera LLC’s tax practice members provide local, federal, and international tax advice to a wide variety of clients – from start-ups to established multinational corporations – at every stage of their business cycle. The Firm provides advice to clients in all aspects of their business operations, from initial tax planning including choice of entity determinations to mergers & acquisitions, spinoffs and corporate restructurings. Clients are represented at every stage of the resolution of tax disputes with the different Puerto Rico tax authorities, from the administrative phase to tax litigation.

The Firm’s highly experienced tax attorneys and tax consultants have worked with a wide array of situations across the spectrum of taxation issues and industries. We are able to provide guidance to clients in Puerto Rico’s major commercial sectors including Pharmaceutical and Medical Device Manufacturing, Export Service, Tourism, Energy, Finance, Retail and Media & Entertainment industries. Reichard & Escalera’s team skillfully identifies complex tax issues and provides effective but practical solutions to clients. 



No Content Provided

Industries

  • {{industry.name}}

No Content Provided

Clients

  • {{client.name}}

No Content Provided

The Firm frequently provides advice in cross border mergers & acquisitions, business relocations and corporate restructurings. They have ample experience with the US-PR mutual agreement process and double taxation cases of Section 936 to CFC exit strategy audits.


Senior Statesmen

O'Neill & Borges LLC

From the Chambers Latin America guide

According to sources, "exceptional" senior statesman Walter Chow is "an excellent and very hard-working lawyer." Clients go on to report: "He is personable, kind, and very responsive." He offers a wealth of experience in the tax and corporate arenas.

^ Return to Top

Senior Statesmen

Roberto B Suárez

Roberto B Suárez Law Office TaxLexPR, LLC

From the Chambers Latin America guide

Sole practitioner and senior statesman Roberto Suárez maintains an esteemed presence in the field, and is highlighted by sources as "an excellent lawyer who is seasoned and well known in the market." Interviewees also remark: "He is a key practitioner in the tax field with solid knowledge and good exposure to complex matters in the area."

^ Return to Top

Band 1

Pietrantoni Méndez & Alvarez LLC

From the Chambers Latin America guide

The "brilliant tax lawyer" Fernando Goyco is held in high esteem by the market for his prestige and impressive level of expertise in fiscal matters. He focuses on the tax aspects of domestic and cross-border M&A transactions, with in-depth knowledge of inbound investment, tax structuring and planning. He also offers profound expertise in handling contentious cases.

^ Return to Top

Band 1

Amaya Iraolagoitia

O'Neill & Borges LLC

From the Chambers Latin America guide

Peers report that Amaya Iraolagoitia "is a first-rate tax incentives lawyer." Clients concur, commenting: "She is an accomplished professional with a prestigious reputation in the market." Another adds: "She is instrumental in handling our tax strategy, and her persuasive style and the high level of respect she commands have really helped us."  She continues to advise major clients on tax exemption matters, as well as tax issues related to corporate transactions.

^ Return to Top

Band 1

Manuel López Zambrana

DLA Piper (Puerto Rico) LLC

From the Chambers Latin America guide

Esteemed practitioner Manuel López Zambrana of DLA Piper (Puerto Rico) LLC is widely recognised as an expert in the tax sphere. Market commentators say: "He is a very experienced and well respected professional in this field who is committed to providing a top-quality service to his clients." They add: "He has mastered the art of tax, and is experienced, analytical and meticulous."

^ Return to Top

Band 1

Reichard & Escalera LLC

From the Chambers Latin America guide

The "sophisticated" Carlos Serrano is an admired name in the tax field and is highly respected for his experience in the market, with a focus on tax issues relating to the pharmaceutical sector. He is praised by clients for his "great service and high-quality work product," with others calling him "a tax and accounting expert with a great approach to solving problems." Interviewees add: "He really understands our business needs and always keeps us updated."  

^ Return to Top

Band 2

McConnell Valdés LLC

From the Chambers Latin America guide

Partner Roberto Cabañas is experienced in advising on tax structuring for major corporate transactions as well as for real estate, tourism and energy projects, with particular expertise in providing counsel on tax incentives. He is retained by a stellar client roster, including leading names from the international tourism and food and beverage industries.

^ Return to Top

Band 2

Isis Carballo-Irigoyen

McConnell Valdés LLC

From the Chambers Latin America guide

According to clients, department head Isis Carballo-Irigoyen "has experience and profound knowledge of the tax field." They go on to add: "She provides a highly attentive and professional service." She is experienced in advising on the tax aspects of such matters as corporate reorganisations, acquisitions, liquidations, financings and privatisations.

^ Return to Top

Band 2

Pietrantoni Méndez & Alvarez LLC

From the Chambers Latin America guide

José Cestero benefits from over 35 years of experience in the area, with interviewees describing him as "a highly accomplished and deeply knowledgeable lawyer," as well as "a solid and very experienced practitioner." Sources go on to add: "He provides a great balance of legal knowledge and a practical approach."

^ Return to Top

Band 2

Rosa González-Lugo

O'Neill & Borges LLC

From the Chambers Latin America guide

Partner Rosa González-Lugo "has significant expertise in all areas of tax and provides an excellent and practical client service," according to commentators. She enjoys a solid reputation in the market, with sources noting: "She is an excellent lawyer with a lot of experience."

^ Return to Top

Band 2

Edgar Ríos-Méndez

Pietrantoni Méndez & Alvarez LLC

From the Chambers Latin America guide

Edgar Ríos-Méndez is admired within the market for his expertise in finance mandates. Sources report: "His knowledge is extensive, and he is thus respected both within the field and by his clients." Interviewees also go on to highlight "his response times and attention to detail," as well as "his high level of involvement and dedication within his field."

^ Return to Top

Band 2

Ismael Vincenty-Medina

O'Neill & Borges LLC

From the Chambers Latin America guide

Market commentators endorse Ismael Vincenty-Medina as "a highly competent and very analytical lawyer." Clients go on to say: "He is very technical and easy to communicate with. His written English is also very good, and he is always available." He is particularly adept at advising on the tax aspects of high-level transactions.

^ Return to Top

Band 3

René Avilés-García

Ferraiuoli LLC

From the Chambers Latin America guide

The "experienced" René Avilés-García is praised by clients for his "knowledge and availability," with sources further commending his "punctuality and high-quality work." Market sources also roundly highlight his particular expertise in employee benefits, in which they assert: "He is an exceptional practitioner."

^ Return to Top

Band 3

McConnell Valdés LLC

From the Chambers Latin America guide

Partner Yamary González is highlighted by sources, who report: "She provides thoughtful analysis and exceptional client service, as she is very responsive to our enquiries, anticipates potential problems for the company, and offers solid advice on how to address them." She focuses her practice on advising on income, consumption and municipal taxes.

^ Return to Top

Band 3

O'Neill & Borges LLC

From the Chambers Latin America guide

Partner Rosa Lázaro focuses her practice primarily on insurance and employee benefits. She advises international clients operating in Puerto Rico on corporate transactions, and has particular expertise in the pharmaceutical and healthcare sectors. Sources note: "She is very experienced on the tax side of pension plans."

^ Return to Top

Band 3

Adsuar Muñiz Goyco Seda & Pérez-Ochoa, P.S.C.

From the Chambers Latin America guide

Ricardo Muñiz earns praise from market sources for his valuable experience in trusts and estate planning. Interviewees say: "He is a respected lawyer in the market." He offers local and international clients comprehensive knowledge of tax exemptions, incentives and credits.

^ Return to Top

Band 3

Pedro Notario-Toll

Ferraiuoli LLC

From the Chambers Latin America guide

Department co-head Pedro Notario-Toll has solid experience in advising clients on international tax matters across the real estate, hospitality and financial sectors. He is endorsed by clients, who say: "He is very creative and always available."

^ Return to Top

Band 3

McConnell Valdés LLC

From the Chambers Latin America guide

Market observers assert that Xenia Velez has "a wealth of technical expertise," adding: "She has enormous experience and very profound knowledge of the tax field." She is adept at advising on the tax aspects of cross-border transactions, including M&A. She has previously worked for the Secretary of the Treasury of Puerto Rico.

^ Return to Top

Up and Coming

Alba Joubert Pereira

Reichard & Escalera LLC

From the Chambers Latin America guide

Partner Alba Joubert Pereira is praised by clients for "anticipating our needs and providing a great service to our company." Market observers go on to note: "She has a very high level of technical knowledge, she is very prudent, and always available and willing to help." Sources go on to highlight her impressive involvement and visibility in the tax sphere.

^ Return to Top