Friday, January 19, 2018

Governor extends incentives decree period for Puerto Rico doctors

By on December 29, 2017

SAN JUAN – Puerto Rico Gov. Ricardo Rosselló announced Friday that the period for submitting requests for decrees under Act 14 of 2017, known as the Incentives for the Retention and Return of Medical Professionals Law, will be extended.

The governor asked the Treasury, Health and Economic Development secretaries to establish Jan. 31 as the deadline to submit requests for decrees under the law, corresponding to the year 2017.

Act 14 establishes a fixed 4 percent rate physicians’ income from their practice .

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Treasury Secretary Raúl Maldonado said that, to date, his department has endorsed more than 400 requests for the issuance of decrees. In addition, he said the agency will be issuing a release to explain the process.

“This extension provides an alternative for those members of the medical class who were prevented from submitting their decree request in a timely manner during 2017, so that they can benefit from the benefits of Act 14-2017,” Rosselló said in a written statement.

Recently, the governor explained that the law includes an up to 25 percent contribution for individual retirement plans and an added value for society that includes more than 180 hours of community service through the government’s health plan for services to the most vulnerable sectors. Also, he indicated that the term to request the decrees has been extended for two years, with each valid for 15 years.

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The president of the Puerto Rico Surgeons and Physicians Association, Víctor Ramos, also urged local doctors to consider requesting the incentives.

“I think my message is now to the doctors, to those who thought skeptically that this was not going to happen, that the government was not going to comply. We are already here. Go to your accountant to do your numbers and establish if you want the decree or not,” Ramos said.

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