How Crypto is Taxed in Puerto Rico Rates

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If someone can prove they are a legal resident of Puerto Rico, they can receive substantial tax benefits. Among other benefits, individuals pay no capital gains tax and companies only pay 4% deferred income tax (compared to 21% in the states). Remember that all cryptocurrency assets must be purchased and sold in Puerto Rico to avoid capital gains. You still have to pay US capital gains tax if you bought your bitcoin while residing in the US mainland, moved to Puerto Rico, and then sold it.

 

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