Biography
Ms. Vélez' practice is focused on advising clients on the tax treatment of corporate transactions and reorganizations, as well as assistance in devising tax-efficient corporate structures for new or existing Puerto Rico operations.
She has worked extensively with the Puerto Rico tax and industrial incentives acts and provisions relative to U.S. income taxation of international operations, as well as the Puerto Rico and U.S. taxation of investment income, including government obligations.
Ms. Vélez is ranked as one of Puerto Rico's Leading Attorneys in the Tax field by the international publication Chambers & Partners in its Latin America Guide. She is also ranked in the Tax field of The Best Lawyers in Puerto Rico guide. She has ample experience in the representation of clients before the Puerto Rico Treasury Department and the U.S. Internal Revenue Service, including negotiations of private letter rulings and closing agreements. She has also had experience negotiating tax exemption grants with the Puerto Rico Office of Industrial Tax Exemption. She has lobbied before Congress and the Puerto Rico Legislature, and has actively participated in the drafting of legislation and regulations at both the federal and the local level.
Ms. Vélez was appointed Secretary of the Treasury of Puerto Rico in November 1997, a position she held through December 31, 2000. In February 2010, she was appointed Director of the Puerto Rico Tax Reform Committee, responsible for coordinating studies relating to, and conceptualization and drafting of, the Puerto Rico Internal Revenue Code of 2011. Through December 2012, she was an advisor to the Puerto Rico Treasury Department, providing technical support in connection with roll-out of Puerto Rico Internal Revenue Code of 2011, including assistance in the drafting or review of tax return forms and instructions, proposed regulations and other public notices; preparing and conducting seminars; and analyzing the tax treatment of various transactions under the new tax provisions.
Practices
News & Publications
News
- McV NewsAugust 21, 2019
- McV NewsAugust 21, 2018
- June 7, 2016
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 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 Tax AlertJuly 8, 2021
- An McV Tax AlertFebruary 26, 2021
- An McV Tax AlertNovember 18, 2020
- An McV Tax AlertSeptember 18, 2020
- An McV Sales & Use Tax AlertAugust 3, 2020
- An McV Sales & Use Tax AlertJuly 24, 2020
- An McV Sales & Use Tax AlertJuly 7, 2020
- An McV Tax AlertJune 15, 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 Tax AlertApril 6, 2020
- An McV Tax AlertMarch 31, 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 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
- 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 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 Government Affairs & Tax AlertDecember 19, 2017
- An McV Government Affairs AlertNovember 17, 2017
- An McV Tax AlertNovember 3, 2017
- An McV Tax AlertOctober 10, 2017
- An McV Tax AlertOctober 4, 2017
- An McV Tax AlertSeptember 29, 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 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 Tax AlertJanuary 9, 2017
- An McV Tax AlertOctober 5, 2016
- An McV Tax AlertOctober 4, 2016
Bar Admissions
- Commonwealth of Puerto Rico
Education
BBA, University of Puerto Rico
- Major: Accounting and Marketing
J.D.,University of Puerto Rico Law School