Puerto Rico Taxes

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How can Puerto Rico lower your taxes?

How can Puerto Rico lower your taxes?

by | Feb 21, 2023

The Puerto Rico tax breaks are legal and real! The law allows for Puerto Rico to tax its residents on income earned there, which allows PR residents to legally avoid some or all IRS tax. Puerto Rico has set up a program of tax breaks for investors and business owners to attract revenue into the Puerto Rico economy.

Charity Donation Requirements

Charity Donation Requirements

by | Dec 4, 2022

Most Puerto Rico investors who apply for Act 60 or Act 22 must donate to a Puerto Rico charity each year. Note: there is no charity requirement for business owners if you chose not to pursue the Investor incentive. Rules for Act 60 and Act 22 Charitable Donations...

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Puerto Rico is a land of economic opportunity, endless beaches, a rich culture, and friendly people. The weather is amazing year-round, and Puerto Rico offers many beautiful and safe places to live. Let us help you discover the many benefits and joys that life in Puerto Rico has to offer!

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Puerto Rico Tax Changes

Time-Sensitive Tax Reform Updates

The Puerto Rico Governor has just signed a new law that will amend the terms of the Act 60 Investor program.  We have learned that this will raise the Investor tax rate for Puerto Rico-sourced short and long-term capital gains, dividends, and interest to 4% from the current 0%.

This change is reported to take affect as of January, 2027 and will apply to applications received after that date.  For those who wish to apply before then to lock in the 0% terms, that option is still available.

We will be publishing more details here as we receive them.  If you wish to join our mailing list to be notified of changes like this, please provide your details below or email us at info@PRAdvantage.com.  Or, click here to schedule a free consult today.

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