Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
jbreher
on 23/08/2019, 19:41:09 UTC

Countries without tax on crypto

...
Puerto Rico
...

Puerto Rico is not a country, it is a US territory. And while it has some interesting tax benefits, crypto profits are indeed taxable in Puerto Rico.

Ok, it's a state with some different laws. In Puerto Rico, if you qualify for Act 22 you don't pay tax for crypto. Unless they changed the law. link http://premieroffshore.com/changes-puerto-ricos-act-20-act-22/

No, Puerto Rico is not a state. It is a US territory.

And it is false that crypto profits are not taxed in Puerto Rico. Even under Act 20 and Act 22. Quote from your linked article: "They pay only Puerto Rico tax on these profits and capital gains."

True, it is much lower than US mainland taxation, iff you enter into contract under Act 20 and/or 22. But not zero.