How can I legally minimize my tax obligations on cryptocurrency investments in Puerto Rico?

1 answers

• May 12, 2022 · 3 years ago
  At BYDFi, we understand the importance of minimizing tax obligations on cryptocurrency investments. In Puerto Rico, one strategy you can consider is taking advantage of Act 60, which offers tax incentives for residents. By becoming a bona fide resident of Puerto Rico, you may be eligible for a reduced tax rate of 4% on your cryptocurrency gains. Another option is to structure your investments through a Puerto Rican corporation, which can provide additional tax benefits. It's always recommended to consult with a tax professional to ensure compliance with Puerto Rican tax laws and maximize your tax savings.
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