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Act 22 of 2012 —also known as the Act to Promote the Relocation of Investors to Puerto Rico ( Spanish: Ley para Incentivar el Traslado de Inversionistas a Puerto Rico )— is an act enacted by the 16th Legislative Assembly of Puerto Rico that exempts local taxes on certain passive income generated by individuals that reside in Puerto Rico.
A 401 (k) plan is a tax-advantaged retirement savings tool offered by employers that allows eligible employees to contribute a portion of their salary up to a set amount each year. Unlike ...
On 29 July 2007, the government approved Law Number 80, making the tax mandatory for all municipalities of the commonwealth. Also, the tax rates were changed to 6% at the state level and 1% at the municipal level. On 1 July 2015, the sales tax rate was increased from 7% to 11.5%, in response to a suffering economy.
A 401(k) plan loan allows you to borrow against the balance of your 401(k) plan. If your employer allows plan loans, you can borrow up to $50,000 or 50% of your vested account balance, whichever ...
Casa Blanca is a historic house museum situated in Old San Juan, the historic colonial district of San Juan, Puerto Rico. History [ edit ] Constructed in 1521, Casa Blanca served as the initial fortification for the San Juan islet and was intended to be the residence of Juan Ponce de León and his family.
A Roth 401(k) plan combines features of a traditional 401(K) with some of the tax rules of a Roth individual retirement account. If an employer offers a Roth 401(k) they must also offer a ...
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