What are the tax benefits of living in Puerto Rico as a cryptocurrency investor?

1 answers

• mastera.gabrielaSep 14, 2020 · 5 years ago
  Living in Puerto Rico as a cryptocurrency investor can be a smart move from a tax perspective. The main tax benefit is Act 60, which allows eligible individuals to enjoy a 0% tax rate on capital gains and dividends. This means that you can potentially save a substantial amount of money on your cryptocurrency investments. Additionally, Puerto Rico offers a favorable business tax rate of 4%, which can be advantageous if you have a cryptocurrency-related business. By taking advantage of these tax benefits, you can optimize your tax strategy and maximize your profits in the cryptocurrency market.
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