Wednesday August 3, 2022 – Today, I learned something from my Google Alerts and John Stosell. Puerto Rico has some very speical tax rules for US citizens. VERY SPEICAL TAX RULES.
Now, I found out that these tax rules have been around for some time – they aren’t new. As a tax professional, you would think I would know about such things.
Puerto Rico Act 20 and Act 22 – and later Act 60 – allows some corporations to pay 4% tax rate and some individuals to pay 0% capital gains tax. Like most every law – there are lots of rules to follow to get these tax advantages.
Attorney Steven A. Leahy reveals the Puerto Rico taxing regement on Today’s Tax Talk.