Taxes · PRI
Taxes in Puerto Rico
Puerto Rico offers significant tax advantages for bona fide residents under Act 60, including 0% capital gains tax on crypto appreciation accrued after establishing residency and a potential 4% income tax rate on eligible business income. Individuals must spend at least 183 days per year on the island and meet other residency requirements to qualify. Crypto income such as mining or staking rewards is taxed as ordinary income at standard PR rates for non-decree holders.
Income tax
Crypto received as income (mining, staking, airdrops, compensation) is taxed as ordinary income at Puerto Rico graduated rates up to 33%. Act 60 decree holders may benefit from reduced 4% rate on eligible income if requirements are met.
VAT / GST
Exempt. Puerto Rico's sales and use tax (IVU at 11.5%) does not apply to cryptocurrency purchases or disposals by individual investors. Crypto is generally not treated as a taxable good or service for IVU purposes.
Capital gains
Under Act 60 (formerly Acts 20/22), bona fide Puerto Rico residents who acquire crypto AFTER becoming residents pay 0% capital gains tax on appreciation accrued while resident. Pre-move gains taxed by prior jurisdiction. Standard PR rate otherwise up to 15%.
Type case, not tax advice: figures describe a single average earner and standard rates; your situation depends on residency, deductions and local rules. Verify with the tax authority before acting. — Fiatmap