A 4% tax levied by Puerto Rico on manufacturers of medical devices in 2010 was to decrease until it hit 1% in 2016, but now government officials want to extend the tax at 4% through 2017.
Medical devices represent 13% of manufacturing in Puerto Rico, once a popular haven for offshore medical device manufacturing. AdvaMed opposes the tax, and President Stephen Ubl said that continuing the tax “will significantly impact device manufacturers’ ability to maintain and grow their manufacturing facilities on the island.”
