Biography
Mrs. Carballo focuses her practice on complex corporate tax matters, including startup operations, inbound and outbound corporate reorganizations, acquisitions, financings, exit strategies, legislative affairs, and competent authority proceedings between the Puerto Rico Treasury Department and the Internal Revenue Service. She also works with the sales and use tax.
She is ranked as one of Puerto Rico’s Leading Attorneys in the Tax field by both Chambers & Partners and by Legal 500. She is also ranked in the Tax field of The Best Lawyers in Puerto Rico guide.
A substantial part of her practice is devoted to tax minimization strategies through Puerto Rico's various tax incentives programs, including industrial tax exemption, municipal incentives, export services exemption under Act 20-2012, and individual investors exemption under Act 22-2012. Many of her clients are global manufacturing companies in the pharmaceutical, medical devices and electronics sectors, as well as major retail companies, e-commerce companies and high net worth individuals. She has extensive practical experience handing government tax audits, as well as negotiating closing agreements and requests for rulings on various tax matters with the Puerto Rico Treasury Department.
Together with other members of the legal and accounting profession, she commented on and proposed changes to the bills which eventually became the Puerto Rico Tax Reform Act of 1987, the Puerto Rico Tax Reform Act of 2015, and the Excise Tax Act of the Commonwealth of Puerto Rico of 1987. Mrs. Carballo spearheaded various amendments to Puerto Rico’s industrial tax incentives acts of 1998 and 2008.
She is the author of various tax articles, including "Economic Incentives for the Development of Puerto Rico Act: The Last Frontier in Tax Incentives Legislation," which was published in the June 2009 edition of the Journal of Multi State Taxation and Incentives, and of "Puerto Rico's Subchapter N Eliminates Double Taxation," and "Puerto Rico Offers Tax Exemption for Services to Foreign Markets," which were published in the Journal of International Taxation.
She has also been a lecturer in various corporate tax seminars sponsored by the Puerto Rico Manufacturers Association.
Mrs. Carballo is a member of the Columbia University Alumni Association of Puerto Rico, as well as a member and past President of the Princeton University Alumni Association of Puerto Rico. She served as Chairperson of Princeton University’s Schools Committee in Puerto Rico, and as a member of Princeton University’s National Schools Committee. She has also served as member of the Board of Directors of various manufacturing corporations in Puerto Rico.
Practices
News & Publications
News
- McV NewsAugust 21, 2019
- McV NewsSeptember 11, 2018
- McV NewsAugust 21, 2018
- McV NewsAugust 28, 2017
- July 14, 2016
- June 7, 2016
- Twenty-six McV Attorneys Recognized in Chambers & Partners Latin America GuideJune 22, 2015
- McV serves as local counsel in Liberty Global’s acquisition of Choice Cable TVDecember 10, 2014
- December 1, 2014
- Tax Co-Chairs AppointedAugust 5, 2014
Publications
- An McV Sales & Use Tax AlertMay 19, 2023
- Tax AlertMarch 9, 2023
- Tax AlertMarch 9, 2023
- An McV Tax AlertNovember 1, 2022
- An McV Energy & Tax AlertOctober 5, 2022
- An McV Tax AlertJuly 11, 2022
- An McV Tax AlertJuly 8, 2022
- An McV Sales & Use Tax Practice Team AlertMay 13, 2022
- An McV Tax AlertFebruary 4, 2022
- An McV Tax AlertOctober 18, 2021
- An McV Labor & Tax AlertSeptember 22, 2021
- An McV Government Affairs AlertSeptember 8, 2021
- An McV Government Affairs AlertAugust 16, 2021
- An McV Recovery Financing AlertAugust 12, 2021
- An McV Tax AlertJuly 8, 2021
- An McV Government Affairs AlertMay 24, 2021
- An McV Government Affairs AlertMarch 17, 2021
- An McV Tax Litigation AlertMarch 11, 2021
- An McV Tax AlertFebruary 26, 2021
- An McV Government Affairs AlertFebruary 9, 2021
- An McV Government Affairs AlertJanuary 12, 2021
- An McV Government Affairs AlertDecember 8, 2020
- An McV Tax AlertNovember 18, 2020
- An McV Government Affairs AlertNovember 17, 2020
- November 13, 2020
- An McV Government Affairs AlertOctober 3, 2020
- An McV Tax AlertSeptember 18, 2020
- An McV Government Affairs AlertSeptember 14, 2020
- An McV Government Affairs AlertAugust 21, 2020
- An McV Government Affairs AlertAugust 4, 2020
- An McV Sales & Use Tax AlertAugust 3, 2020
- An McV Government Affairs AlertJuly 24, 2020
- An McV Sales & Use Tax AlertJuly 24, 2020
- An McV Government Affairs AlertJuly 22, 2020
- An McV Government Affairs AlertJuly 17, 2020
- An McV Sales & Use Tax AlertJuly 7, 2020
- An McV Government Affairs AlertJuly 1, 2020
- An McV Government Affairs AlertJune 15, 2020
- An McV Tax AlertJune 15, 2020
- An McV Emergency Task Force AlertJune 5, 2020
- An McV Government Affairs AlertMay 25, 2020
- An McV Tax & Health Care AlertMay 5, 2020
- An McV Government Affairs AlertMay 5, 2020
- An McV Government Affairs AlertMay 2, 2020
- An McV Corporate & Tax AlertApril 28, 2020
- An McV Tax AlertApril 21, 2020
- An McV Tax AlertApril 21, 2020
- An McV Tax AlertApril 20, 2020
- An McV Tax AlertApril 20, 2020
- An McV Tax AlertApril 20, 2020
- An McV Tax AlertApril 17, 2020
- An McV Government Affairs AlertApril 15, 2020
- An McV Government Affairs AlertApril 13, 2020
- An McV Government Affairs AlertApril 8, 2020
- An McV Emergency Task Force AlertApril 6, 2020
- An McV Tax AlertApril 6, 2020
- An McV Emergency Task Force AlertApril 1, 2020
- An McV Tax AlertMarch 31, 2020
- An McV Government Affairs AlertMarch 31, 2020
- An McV Government Affairs AlertMarch 30, 2020
- An McV Health Care AlertMarch 30, 2020
- An McV Government Affairs AlertMarch 27, 2020
- An McV Government Affairs AlertMarch 26, 2020
- An McV Tax AlertMarch 26, 2020
- An McV Tax AlertMarch 26, 2020
- An McV Government Affairs AlertMarch 25, 2020
- An McV Tax AlertMarch 24, 2020
- An McV Government Affairs AlertMarch 23, 2020
- An McV Tax AlertMarch 20, 2020
- An McV Tax AlertMarch 18, 2020
- An McV Tax AlertFebruary 7, 2020
- An McV Recovery Financing Practice GroupFebruary 5, 2020
- An McV Tax AlertNovember 14, 2019
- An McV Government Affairs AlertNovember 6, 2019
- An McV Tax AlertOctober 29, 2019
- McV Cuba Practice Team AlertSeptember 17, 2019
- An McV Recovery Financing Practice Team AlertAugust 29, 2019
- August 26, 2019
- An McV Government Affairs AlertAugust 7, 2019
- An McV Government Affairs AlertAugust 5, 2019
- An McV Government Affairs AlertAugust 2, 2019
- An McV Government Affairs AlertJuly 26, 2019
- An McV Tax AlertJune 11, 2019
- May 30, 2019
- An McV Recovery Financing Practice Team AlertMarch 1, 2019
- An McV Tax AlertFebruary 13, 2019
- An McV Tax AlertDecember 10, 2018
- An McV Tax AlertDecember 7, 2018
- An McV Tax AlertDecember 3, 2018
- An McV Tax AlertNovember 29, 2018
- An McV Tax AlertNovember 29, 2018
- An McV Recovery Financing Practice Team AlertSeptember 14, 2018
- An McV Tax AlertJune 27, 2018
- An McV Tax AlertJune 26, 2018
- An McV Bankruptcy & Debt Restructuring AlertMay 29, 2018
- An McV Bankruptcy & Debt Restructuring AlertMay 16, 2018
- An McV Tax AlertApril 24, 2018
- An McV Bankruptcy & Debt Restructuring AlertFebruary 21, 2018
- An McV Real Estate & Tax AlertJanuary 24, 2018
- An McV Government Affairs AlertJanuary 15, 2018
- An McV Government Affairs & Tax AlertDecember 19, 2017
- An McV Cuba Practice Team AlertNovember 17, 2017
- An McV Government Affairs AlertNovember 17, 2017
- An McV Tax AlertNovember 3, 2017
- An McV Tax AlertOctober 10, 2017
- McV NewsOctober 4, 2017
- An McV Tax AlertOctober 4, 2017
- An McV Tax AlertSeptember 29, 2017
- An McV Tax Litigation AlertAugust 24, 2017
- An McV Tax AlertAugust 16, 2017
- An McV Tax AlertJuly 31, 2017
- An McV Tax AlertJuly 19, 2017
- An McV Tax AlertJuly 5, 2017
- An McV Tax AlertJune 29, 2017
- An McV Cuba Practice Team AlertJune 23, 2017
- An McV Tax AlertJune 21, 2017
- An McV Tax AlertMay 18, 2017
- An McV Tax AlertApril 19, 2017
- An McV Government Affairs AlertMarch 22, 2017
- An McV Tax AlertMarch 21, 2017
- An McV Tax Exemption AlertMarch 17, 2017
- An McV Government Affairs and Tax AlertMarch 8, 2017
- An McV Government Affairs and Bankruptcy & Debt Restructuring AlertJanuary 30, 2017
- An McV Tax AlertJanuary 9, 2017
- An McV Tax AlertOctober 26, 2016
- An McV Tax AlertOctober 5, 2016
- An McV Tax AlertOctober 4, 2016
- An McV Tax AlertJune 15, 2016
- An McV Tax AlertJune 13, 2016
- An McV Tax AlertJune 3, 2016
- May 6, 2016
- March 16, 2016
- March 8, 2016
- March 1, 2016
- Amendments Ease Financing Rules on Exports and Further Facilitate Travel to CubaJanuary 28, 2016
- January 7, 2016
- Cuba Practice Team, September 21, 2015
- Tax Litigation, September 9, 2015
- Cuba Practice Team, July 1, 2015
- Cuba Practice Team, January 15, 2015
- Tax & Retail, January 12, 2015
Member, Business Development Committee
Bar Admissions
- Commonwealth of Puerto Rico
- U.S. Court of Appeals First Circuit
Education
B.A., Cum Laude, Woodrow Wilson School of Public and International Affairs, Princeton University
- Concentration: Economics
J.D., Columbia Law School
Memberships
American Bar Association, Tax Section
Hispanic National Bar Association
Puerto Rico Manufacturer's Association, Tax Section