Puerto Rico
Puerto Rico charges income tax at progressive rates of up to 33%. Capital gains are included as part of taxable income. Gift/inheritance tax rates vary from 18% to 50%.
There is no Alien Landholder’s Licence in Puerto Rico. Stamp taxes and registration fees vary from 0.65% to 1.5%.
Corporation tax is nominally 20%, but there is also a surtax applied of between 5% and 19%.
A Sales and Use Tax applies to most sales of goods and services and is at an effective rate of 7%.
Puerto Rico has not entered into any tax treaties.
