Taxes

Here's the site of Hacienda, PR's "IRS": http://www.hacienda.gobierno.pr/

It's all in Spanish although most (downloadable) forms are available in English, too.

I'm not sure if this link was posted before but anyway, this is a great guide about all the aspects of doing business here on the island: http://www.lexmundi.com/Document.asp?DocID=3461

It includes about everything you need to know about starting a company here, including taxation.

Thank you for the post!

Do you have any experience with this and how it works? I will look at these links you provided. It's also helpful to hear the perspective of somebody who has actually dealt with what I'm trying to figure out.

Thank you again!

It's pretty much the same as in other countries where I've lived and worked. The PR tax system is similar to the US tax system; we also pay most federal taxes.
I really don't know all the details - I leave that to a CPA who is taking care of filing.

Ok, thank you Gary. Like anything else, the devil is in the details!!

Absolutely, that's why I leave that to my CPA.

Do you have one you can recommend?

The CPA who does my taxes is officially retired and is trying to let clients go.
I will ask him if he has any recommendations.

Ok, thank you.

I moved to Puerto Rico last year and have become a bonefied resident. I moved here from the USA and purchased a residence here. My income consists of 2 small pensions and a minimal Social Security income. I can't find any information on the net that will tell me what taxes I should pay in PR. My house is under the amount that would require me to pay CRIM or property tax. I understand if my income from the pension is X$ I will not have to pay PR income tax but I am not sure about the Federal Tax since my pensions are from the States. I have asked locally but frankly the answers just make me more confused. Any assistance will be greatly appreciated.

I wrote a summary last year for this site:

https://www.expat.com/en/guide/central- … -rico.html

A couple of the US tax filing chains are established in PR. The preparers there are familiar with both tax regimes.