Is Act 22 for you? 0% tax rate on interest, dividends and capital gains...
Puerto Rico Act 22 was created for individuals. Can you move to Puerto Rico? Do you want to take advantage of paying NO taxes on interest, dividends and capital gains? With proper planning Act 22 can help you save thousands of dollars in passive income activities.
Who qualifies for Act 22?
The Individual Investors Act applies to any individual investor that becomes a Puerto Rico resident on or before the taxable year ending on December 31, 2035 (hereinafter referred to as “Resident Individual Investor”), provided that such individual was not a resident of Puerto Rico at any time during the
15-year period preceding the effective date of the Individual Investors Act.
A Puerto Rico resident is an individual who is domiciled in Puerto Rico. Physical presence in Puerto Rico for a period of 183 days during the taxable year will create a presumption of
residence in Puerto Rico for tax purposes.
When approved, the individual signs a contract (decree) with the Puerto Rico Government. The decree will have a term of 15 years. The decree is not subject to subsequent legislative changes.
Tax incentives
Individuals can benefit from the following incentives on passive income earned as a Puerto Rico Resident:
1. 0% tax on capital gains (Long and Short)*.
2. 0% tax on interest*.
3. 0% tax on dividends*.
*Certain conditions apply, please call us for more details.
We can help you...
If you are interested in knowing a little bit more aboutAct 22, please contact us at your convenience or email us thru the contact form in the CONTACT page.
We can guide and help you in every step of getting approved for Act 22.
PUERTO RICO ACT 20
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