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It also regulates transactions on the island by companies engaged in the sale of real estate located outside of Puerto Rico. The Rule of Ethics (Reglamento de Ética) is a regulation to implement Law No. 10 of April 26, 1994, the law to regulate the real estate business and profession of broker, salesperson, and real estate companies in Puerto ...
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 ...
Act 22 of 2012 —also known as the Act to Promote the Relocation of Investors to Puerto Rico (Spanish: Ley para Incentivar el Traslado de Inversionistas a Puerto Rico)— is an act enacted by the 16th Legislative Assembly of Puerto Rico that exempts local taxes on certain passive income generated by individuals that reside in Puerto Rico. [1 ...
Taxation in Puerto Rico consists of taxes paid to the United States federal government and taxes paid to the Government of the Commonwealth of Puerto Rico.Payment of taxes to the federal government, both personal and corporate, is done through the federal Internal Revenue Service (IRS), while payment of taxes to the Commonwealth government is done through the Puerto Rico Department of Treasury ...
Since Act 20 was enacted in 2012, the Puerto Rico Department of Economic Development has approved at least 3,198 tax exemption decrees, according to data from the Puerto Rico Institute of Statistics.
Puerto Rico: U.S. Commonwealth and Unincorporated and organized U.S. territory: Portugal has signed an Agreement to Avoid Double Taxation with the country. [6] Qatar: Country Portugal has signed an Agreement to Avoid Double Taxation with the country. [9] Yemen: Country - Vanuatu: Country - American Samoa: Unincorporated and unorganized U.S ...
The Internal Revenue Code of Puerto Rico (Spanish: Código de Rentas Internas de Puerto Rico) is the main body of domestic statutory tax law of Puerto Rico organized topically, including laws covering income taxes, payroll taxes, gift taxes, estate taxes, and statutory excise taxes. [1]
The Puerto Rico Department of Economic Development and Commerce (Spanish: Departamento de Desarrollo Económico y Comercio de Puerto Rico) is the executive department of the government of Puerto Rico responsible for the economic development in the U.S. Commonwealth of Puerto Rico and all its commerce related matters.