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This content is provided by Xenia Velez
Ms. Vélez' practice is focused on advising clients on the tax treatment of corporate transactions and reorganizations, as well as assistance in devising tax-efficient corporate structures for new or existing Puerto Rico operations.
She has worked extensively with the Puerto Rico tax and industrial incentives acts and provisions relative to U.S. income taxation of international operations, as well as the Puerto Rico and U.S. taxation of investment income, including government obligations.
She has ample experience in the representation of clients before the Puerto Rico Treasury Department and the U.S. Internal Revenue Service, including negotiations of private letter rulings and closing agreements. She has also had experience negotiating tax exemption grants with the Puerto Rico Office of Industrial Tax Exemption. She has lobbied before Congress and the Puerto Rico Legislature, and has actively participated in the drafting of legislation and regulations at both the federal and the local level.
She served as Secretary of the Treasury of Puerto Rico fand as Director of the PR Tax Reform Committee, responsible for conceptualization and drafting of the PR Internal Revenue Code of 2011. She also served as advisor to the Treasury Department for the roll-out of the PR Internal Revenue Code of 2011.