DEPARTMENT PROFILE

McConnell Valdés LLC

Tax

4 ranked lawyersBand 1Puerto RicoLatin America 2021 View ranking table
chambers review
department information
ranked lawyers
chambers review
department information
ranked lawyers

Chambers Review

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

What the team is known for

Market-leading practice maintaining a position at the forefront of this field. Acts as counsel to leading clients from the chemical, telecommunications and retail industries on a comprehensive range of tax mandates, including tax structuring for corporate transactions and tax planning. Boasts a stellar reputation for its expertise in tax litigation, with particular skill in administrative cases. Additionally active assisting clients with complex tax exemptions, incentives and credits.

Strengths

One client lauds the practice as "a top law firm in this area."

Work highlights

Advised the Bank of Nova Scotia on the sale to Oriental Bank of its subsidiary and Puerto Rican branch.

Notable practitioners

Isis Carballo-Irigoyen assists multinational companies on a broad range of mandates, including credits, incentives and double taxation issues. She is described by one client as "very effective" and "a true pleasure to work with."

Roberto Cabañas boasts expertise in a range of tax matters and regularly provides advice on relocation issues and administrative litigation to clients from sectors including tourism. Market commentators describe him as "highly experienced" and "very knowledgeable."

Xenia Velez provides particular expertise in transactional structuring and advising private clients on efficiency and exemptions regimes. Market sources commend her as "excellent in both technical and practical terms."

Yamary González acts on behalf of international clients on the tax aspects of reorganisation procedures, as well as handling incentive and compliance mandates. "She is an excellent lawyer," a source affirms.

Department Information

This content is provided by McConnell Valdés LLC.

Overview

Our group is the only stand-alone tax group Puerto Rico with over a dozen seasoned attorneys committed to helping some of the world’s leading  companies minimize their tax burdens and maximize the benefits of doing business in Puerto Rico. We are well connected and maintain an active and results-driven tax lobbying group that focuses on all areas of tax and  tax incentives legislation that affects our clients.

We possess a singular proficiency in handling the intricacies of the Individual Investors Act and the The Export Services Act (Acts 20 and 22).  And with the broadest tax exemption group in Puerto Rico, we regularly apply our detailed knowledge of tax exemption incentives to help clients optimize their tax outlooks in industries ranging from manufacturing, agriculture to tourism.

Our team also handles the tax aspects of our clients’ ongoing business endeavors, including real estate purchases and sales, mergers and acquisitions, joint ventures, e-commerce transactions, and year-end tax planning.

Our Tax Litigation Practice, unique to the market,  carries the largest and most significant caseload in Puerto Rico and represents clients at every level and in  every type of dispute resolution with tax authorities. 

Tax Department

McConnell Valdés LLC

firm
Department location

270 Muñoz Rivera Avenue

Hato Rey

San Juan

San Juan

Puerto Rico

00918

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Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

Puerto Rico

Tax


Isis Carballo-Irigoyen
Band 2
Roberto Cabañas
Band 2
Xenia Velez
Band 2
Yamary González
Band 3