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Taxation in Puerto Rico consists of taxes paid to the United States federal government and taxes paid to the Government of the Commonwealth of Puerto Rico.Payment of taxes to the federal government, both personal and corporate, is done through the federal Internal Revenue Service (IRS), while payment of taxes to the Commonwealth government is done through the Puerto Rico Department of Treasury ...
The Internal Revenue Code of Puerto Rico (Spanish: Código de Rentas Internas de Puerto Rico) is the main body of domestic statutory tax law of Puerto Rico organized topically, including laws covering income taxes, payroll taxes, gift taxes, estate taxes, and statutory excise taxes.
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.
Reforma de Salud de Puerto Rico (Puerto Rico Health Reform) – locally referred to as La Reforma ('The Reform') – is a government-run program which provides medical and health care services to the indigent and impoverished, by means of contracting private health insurance companies, rather than employing government-owned hospitals and ...
Puerto Rico is the only current U.S. jurisdiction whose legal system operates primarily in a language other than American English: namely, Spanish.Because the U.S. federal government operates primarily in English, Puerto Rican attorneys are typically bilingual in order to litigate in English in U.S. federal courts and to litigate federal preemption issues in Puerto Rican courts.
Autoridad para el Financiamiento de la Infraestructura de Puerto Rico: AFI: Banking: Caño Martín Peña ENLACE Project Corporation: ENLACE: Corporación del Proyecto ENLACE del Caño Martín Peña: ENLACE: Real estate: Cardiovascular Center of Puerto Rico and the Caribbean Corporation: CCPRCC: Corporación del Centro Cardiovascular de Puerto ...
The Puerto Rico Department of Treasury (Spanish: Departamento de Hacienda de Puerto Rico) is the executive department of the government of Puerto Rico responsible for the treasury of the U.S. Commonwealth of Puerto Rico. It is one of the constitutionally-created executive departments and is headed by a Secretary. [1]
The United States acquired the islands of Puerto Rico in 1898 after the Spanish–American War, and the archipelago has been under U.S. sovereignty since.In 1950, Congress enacted the Puerto Rico Federal Relations Act of 1950 or legislation (P.L. 81-600), authorizing Puerto Rico to hold a constitutional convention and, in 1952, the people of Puerto Rico ratified a constitution establishing a ...