This white paper, authored by Mark Leeds and Gabriel Hernandez, provides an overview of the US Federal and Puerto Rican tax incentives for individuals who become bona fide residents of Puerto Rico. It discusses the historical context of Puerto Rican tax incentives, the impact of US tax laws, and the specific benefits under Puerto Rican law, such as Act No. 22 of 2012. The paper also outlines the requirements for being considered a bona fide resident of Puerto Rico and the implications for US federal income tax.
documents/EFTA01189737.pdf
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