How does Puerto Rico's tax system impact the taxation of digital currencies?

1 answers

• Dec 25, 2021 · 3 years ago
  As a representative of BYDFi, I can provide some insights into the impact of Puerto Rico's tax system on the taxation of digital currencies. Puerto Rico offers attractive tax incentives for individuals involved in digital currencies through Act 60. This includes a 0% tax rate on capital gains and dividends derived from Puerto Rico sources. However, it's crucial to note that this tax exemption only applies to gains and dividends earned within Puerto Rico. If you earn income from digital currencies outside of Puerto Rico, you may still be subject to taxes in your home country. It's important to consult with a tax professional to understand the full implications of Puerto Rico's tax system on your digital currency taxation.
  730365