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The Puerto Rico Department of Treasury (Spanish: Departamento de Hacienda de Puerto Rico) is the executive department of the government of Puerto Rico responsible for the treasury of the U.S. Commonwealth of Puerto Rico. It is one of the constitutionally-created executive departments and is headed by a Secretary. [1]
Residents of Puerto Rico are required to pay most types of federal taxes. Specifically, residents of Puerto Rico pay customs taxes, [5] [6] [c] Federal commodity taxes, [6] and all payroll taxes (also known as FICA taxes, which include (a) Social Security, [8] (b) Medicare, [9] and Unemployment taxes). Puerto Ricans on the island paid over $4 ...
1917–1922: José E. Benedicto 1922–1923: Ramón Aboy 1923–1924: J.W. Bonner 1924–1929: Juan G. Gallardo 1930–1935: Manuel V. Domenech 1935–1940: Rafael Sancho Bonet
The Office of the Commissioner of Financial Institutions of Puerto Rico—in Spanish: Oficina del Comisionado de Instituciones Financieras (OCIF)—is an office of the Department of Treasury of Puerto Rico that supervises and regulates Puerto Rico's financial sector to ensure its safety and soundness, as well as to oversee a strict adherence to all applicable laws and regulations.
Demographically, municipalities in Puerto Rico are equivalent to counties in the United States, and Puerto Rican municipalities are registered as county subdivisions in the United States census. [2] Statistically, the municipality with the largest number of inhabitants is San Juan , with 342,259, while Culebra is the smallest, with around 1,792.
Under provisions known to residents on the island as Act 22, the law's original name, individual investors who haven't previously lived in Puerto Rico between 2006 and 2012 can get a 0% tax rate ...
He later became the assistant secretary for internal review and tax policy areas in the Puerto Rico Department of Treasury. In July 2019, he was nominated by Governor Ricardo Rosselló to succeed Raúl Maldonado as Secretary of Treasury of Puerto Rico. [2] Parés resigned on January 31, 2024. [4] [5]
Telephone numbers in Puerto Rico are assigned under the North American Numbering Plan (NANP). Their area codes are 787 and 939. Prior to March 1, 1996, Puerto Rico was one of many Caribbean islands served by area code 809. On that date Puerto Rico was assigned the new area code 787. Permissive dialing of 809 ended January 31, 1997.
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