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  • Pr 482.0(c) 2021

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TNERS AND INDIVIDUAL MEMBERS OF PARTNERSHIPS AND LIMITED LIABILITY COMPANIES TAXABLE YEAR BEGINNING ON , AND ENDING ON , 1 AMENDED RETURN TAXABLE YEAR: CALENDAR 2 FISCAL 3 Receipt Stamp 52-53 WEEKS Employer Identification Number Name of the Partnership or Limited Liability Company Postal Address Industrial Code Municipal Code Telephone Number - Extension Zip Code ( Location of Principal Industry or Business (Number, Street, City) Check the correspondi.

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Act 60 offers a corporate tax rate of 4% to Puerto Rican companies that export services performed in the territory to people or companies outside of the territory. This is ideal for online entrepreneurs and service providers who have U.S. businesses, employees and clients.

Puerto Rico employers are required to withhold from their employees certain payroll taxes in addition to the withholding for income tax. These payroll taxes are: Social Security and Medicare taxes, disability benefits tax, and chauffeur's and other employees' employment security tax.

Nonresident income types Your payer must withhold 7% from your CA source income that exceeds $1,500 in a calendar year.

As a U.S. territory, Puerto Rico is uniquely able to offer incentives unavailable anywhere else in the world now. If you are willing to establish bona fide residency in Puerto Rico, you can significantly decrease income, capital gains and dividend taxes.

Personal income tax rates Net taxable income (USD)TaxNot over 9,0000%Over 9,000, but not over 25,0007% of the excess over USD 9,000Over 25,000, but not over 41,500USD 1,120 plus 14% of the excess over USD 25,000Over 41,500, but not over 61,500USD 3,430 plus 25% of the excess over USD 41,5001 more row • Mar 3, 2023

The Puerto Rico sales and use tax rate is 10.5%. Puerto Rico has been an unincorporated territory of the United States since 1898, when it was acquired from Spain in the aftermath of the Spanish American War.

If a service for export business qualifies for the tax benefits under Chapter 3 of the Incentives Act, the net income stemming from the business is subject to a 4% Puerto Rican corporate tax. Further, distributions from earnings and profits is not subject to Puerto Rican income tax.

The seven (7%) percent withholding represents a tax withholding on all payments made by a person (including individuals, corporations or partnerships), engaged in a business or trade activity with the purpose of producing income in Puerto Rico, to a corporation, partnership or individual for services rendered in Puerto ...

The applicable tax rates depend on the individual's residence status. In the case of a nonresident US citizens, the required withholding is 20% of the Puerto Rico source income, while in the case of a nonresident non-U.S. citizens, the required withholding is 29%.

Statutory Tax Rate For tax years beginning after 31 December 2018, the basic corporate tax rate is reduced from 20% to 18.5%, resulting in a maximum rate of 37.5% with the additional surtax. The graduated surtax rates are as follows after a surtax deduction of USD 25,000 from net taxable income: up to USD 75,000 - 5%

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232