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Puerto Rico Tax Relief for Individuals and Corporations

|Proposed Changes|Puerto Rico
Puerto Rico

Puerto Rico's Governor, Pedro Pierluisi, has presented proposals to provide tax relief for individuals and corporations. This includes a reduction in the top individual income tax rate from 33% to 30%, along with an increase in the top bracket threshold from USD 61,500 to USD 81,500, as well as a reduction in the 25% tax rate to 24% on income between over USD 41,500, but not exceeding the new …

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