Puerto Rico Gov. Ricardo Roselló on 14 May approved Senate Bill 1147, the Opportunity Zones Development Act, which provides tax incentives for investments in qualifying Opportunity Zones. The act, which has the approval of the full Legislative Assembly, allows investors several benefits including: Deferral of capital gains tax on sales or transfers of assets sold before 1 January 2027, if they invest an amount equal to the profits earned in a qualified opportunity fund. A 15-year tax incentives package that consists of an 18.5% tax rate for net income, a dividend tax exemption, a 25% tax exemption for patents and...