What are the tax benefits of moving to Puerto Rico for cryptocurrency investors?

1 answers

• NyakutkaJan 03, 2023 · 3 years ago
  As an expert in the cryptocurrency industry, I can confirm that moving to Puerto Rico can indeed provide tax benefits for cryptocurrency investors. The Act 60 tax incentives offer a 0% tax rate on capital gains and dividends for residents of Puerto Rico. This means that if you become a resident of Puerto Rico, you won't have to pay any taxes on your crypto profits. It's a great way to legally reduce your tax obligations and keep more of your hard-earned money. However, it's important to note that qualifying for these tax benefits requires meeting certain residency requirements. So, if you're considering a move to Puerto Rico for tax purposes, make sure to consult with a tax professional to ensure you meet all the necessary criteria.
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