What are the tax benefits for crypto investors in Puerto Rico?

1 answers

• Swaraj UpadhyeJan 15, 2021 · 5 years ago
  Crypto investors in Puerto Rico can take advantage of attractive tax benefits. Puerto Rico's Act 60 provides a 4% tax rate on export services income, which can apply to crypto investment income if you meet the criteria. Additionally, Act 22 allows individuals to pay 0% tax on capital gains and dividends. These tax incentives make Puerto Rico an appealing destination for crypto investors looking to optimize their tax liabilities. However, it's crucial to consult with a tax professional and ensure compliance with all requirements to fully benefit from these tax advantages.
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