Puerto Rico Act 20/22
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.Act 20 & Act 22: World-class tax incentives for businesses and individuals.
- Act 20 of 2012, also known as the Export Services Act, seeks to establish Puerto Rico as an international export services center.
- 4% flat tax rate on export services income
- 100% exemption on dividends
- 90% exemption on property tax
- valid for a period of 20 years
- Act 22 of 2012, also known as the Individual Investors Act, offers new residents of Puerto Rico a 100 percent tax exemption on all interest, dividends and long-term capital gains accrued after the individual becomes a resident.
- 100% exemption on all passive income that is Puerto Rico sourced income
- 100% tax exemption on all interest, dividends and long-term capital gains accrued after the individual becomes a resident.