Caridad Muñiz Padilla

Since joining ADSUAR in 2000, Caridad Muñiz Padilla has proven to be an exceptional advocate for her clients’ tax needs in a variety of industries. Caridad is a tough, yet approachable tax attorney with excellent and proven negotiation skills. Clients turn to Caridad seeking advice on intricate tax issues and to discuss innovative solutions under the applicable law.

She has significant experience in the technical and legal issues of the complex tax field, including:

• Tax planning associated with the organization, operation, restructuring and disposition of business entities, as well as establishing or relocating businesses in Puerto Rico.
• Obtain and negotiate private letter rulings, closing agreements and other guidance from the Puerto Rico Treasury Department and the United States Internal Revenue Service (“IRS”). 
• Provide sophisticated estate planning for executives, high net worth individuals and families, including individuals that have moved to Puerto Rico, including drafting wills, trusts, durable powers of attorney, prenuptial and post-nuptial agreements, among others, that advance client’s unique needs.
• Specialize on estate division and administration matters, including foreign decedents owning real estate in Puerto Rico.
• Advise United States citizens on the IRS voluntary disclosure alternatives for undisclosed offshore accounts, and federal tax compliance.
• Guidance on tax reporting matters under Puerto Rico and United States federal tax laws to brokerage firms and clearing houses.
• Obtain and negotiate tax incentives grants, tax credits and financial incentives under various Puerto Rico tax incentives laws.
• Specialized advice on Puerto Rico income tax, municipal license tax, personal and real property taxes, sales and use tax, excise tax, among others.  
• Draft Puerto Rico legislation on tax and estate planning matters.

Caridad collaborates in the development and presentation of a variety of seminars on estate planning and asset protection. Caridad is a volunteer for Coalición Legal para Puerto Rico, where she offers advice to nonprofit entities, including formation and structuring, and obtaining exemption determination letters from the Puerto Rico Treasury Department and the IRS. Caridad has been recognized by her peers since the 2023 edition of The Best Lawyers in Puerto Rico™ for her high caliber work in Tax Law.

Education

• L.L.M. in Taxation, University of Houston Law Center (2008).
• J.D., University of Puerto Rico, School of Law (2000).
• B.B.A., Accounting, magna cum laude, University of Puerto Rico, Recinto de Río Piedras (1995).