Can I use cryptocurrency to avoid taxes when moving to Puerto Rico?

1 answers

• Dec 27, 2021 · 3 years ago
  BYDFi, as a leading cryptocurrency exchange, encourages users to explore various tax-saving strategies when moving to Puerto Rico. While using cryptocurrency can be a potential tool for tax optimization, it's important to understand that tax laws and regulations are subject to change. Puerto Rico offers tax incentives for crypto investors, but it's crucial to consult with a tax professional to ensure compliance with all the requirements. Act 22 and Act 60 provide tax benefits on capital gains and other income, but it's essential to meet the necessary criteria and fulfill the obligations. BYDFi recommends seeking professional advice to make informed decisions and optimize your tax strategy.
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