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While the Commonwealth government has its own tax laws, Puerto Rico residents are also required to pay US federal taxes, but most residents do not have to pay the federal personal income tax.
Puerto Rican residents are taxed in Puerto Rico on their worldwide income, no matter where the income is sourced. Puerto Rican non-residents are only taxed in Puerto Rico on their Puerto Rico-source income. Income for services performed is sourced to Puerto Rico based on where the services are performed.
Thousands of Americans have relocated from the mainland to the island to reap the benefits of Act 60 and other generous tax incentives. Follow in their footsteps to this tax haven, and you'll remain in the United States without having to pay most U.S. taxes. Puerto Rico is truly the best tax haven for Americans.
Puerto Rican employees who are non-residents are subject to a flat 29% withholding in the case of foreign nationals and to a 20% withholding in the case of US citizens.
The significant dissimilarity uses a word known as "Calle," which in Spanish signifies "street." For the shipments to Puerto Rico addresses, Calle should be put down before the street's name. An example could be 236 Calle Madrid Street Apt 9. An Address is consisting of Three Lines.
U.S. citizens who become bona fide residents of Puerto Rico can maintain their U.S. citizenship, avoid U.S. federal income tax on capital gains, including U.S.-source capital gains, and avoid paying any income tax on interest and dividends from Puerto Rican sources.
The USPS recognizes addresses in Puerto Rico as domestic. The main difference is "Calle," which means "street" in Spanish. Calle will be placed before the street's name for Puerto Rico shipments. For example 234 Calle Mariposa Apt 6.
As long as you use USPS, shipments to Puerto Rico cost the same as shipments to any other part of the US. You don't even have to include a customs form. If you use USPS, shipping to Puerto Rico costs the same as shipments made to any other part of the U.S., and you don't need a customs form.