A partnership subject to the provisions of this chapter shall not be subject to the income tax imposed by this part. The persons carrying on business as partners shall be liable for income tax only in their separate or individual capacities. For the purpose of this part, any partner of a partnership engaged in a trade or business in Puerto Rico shall be deemed as engaged in a trade or business in Puerto Rico with respect to its distributive share in the income, gain, loss, deduction, or credit of the partnership. History —Jan. 31, 2011, No. 1, § 1071.01, retroactive to Jan. 1, 2011.
Puerto Rico Legal Code