nokkieny
American looking for information about Puerto Rico
Forum posts
19
About me
American, In a relationship
Lives in Rincon, Puerto Rico
Speaks English
Registration: 09 May 2017
Activity
IVU Taxes & Short Term Rental Houses by melendezki
Is a vacation home in Puerto Rico, with a NAICS Code of 721199, required to pay 10.5% IVU taxes to the Hacienda Department and 1% to the appropriate municipality, in addition to 7% to the Tourism Company?
I think what you are going to find, and I am interested to hear it, is that some people simply don't bother paying the airbnb tax, there is probably very little oversight and they aren't going to hunt you down. So if you have a small ... Read More
Where else? by WarnerW
So some folks have mentioned that PR has not been the only place to catch their eye. Same for me. Figured I'd start a thread on that topic. Where else have you considered? Like many, I've considered the DR. Similar in climate and ...
Sorry to continue hijacking this thread but here is a great article on buying and lending: https://www.linkedin.com/pulse/20141111173110-2770865-14-things-we-learned-buying-a-home-in-puerto-rico I had no idea mainland banks didn't lend, and ... Read More
IVU Taxes & Short Term Rental Houses by melendezki
Is a vacation home in Puerto Rico, with a NAICS Code of 721199, required to pay 10.5% IVU taxes to the Hacienda Department and 1% to the appropriate municipality, in addition to 7% to the Tourism Company?
If someone from Puerto Rico rented on airbnb it would be processed through my US account and be exempt from PR taxes. This is how it has worked for me so far.I am no expert, but there is no way way this is true. An occupancy tax is basically a sales ... Read More
IVU Taxes & Short Term Rental Houses by melendezki
Is a vacation home in Puerto Rico, with a NAICS Code of 721199, required to pay 10.5% IVU taxes to the Hacienda Department and 1% to the appropriate municipality, in addition to 7% to the Tourism Company?
This is interesting. From my limited experience if a room tax/sales tax is required it is paid by the renter through airbnb. So in PR, the owner has to add up their receipts and submit 7% to the tourism company? That is a lot of money in a low ... Read More
New members of the Puerto Rico forum, introduce yourself here 1st quarter of 2017 by Julien
Hi all, Newbie on the Puerto Rico forum? Dont know how to start? This thread is for you ;) We invite you to introduce yourself on this topic, to share with us your expat story if you are already living in the country, or to tell us more ...
Mrkpytn, I definitely want to check out Ponce and what you have developed in a few years. Maybe you could give me some tips and whatnot about setting up airBNBs in PR once all is said and done. I am not as ambitious as you at this point in my life, ... Read More
Exploring a Move by SteuernAnwalt
I am a tax attorney/accountant in the US. My wife is from South America and I am of Latin background. She of course speaks native Spanish, I speak it quite fluently, near native. We are considering a move to PR if we qualify for Law 20 circa ...
Just stay stateside. ***I am so confused by this person, Read More
Moving to PR in less than 30 days by leela007
Hi With less than 30 days to go I am extremely nervous as is, then taking the current situation going on there has my blood pressure rising.. HELP..... Any advice?????
I was talking to a TSA agent in san juan, he told me he came 10 years ago and never left. Then he took my bug spray :mad: Read More
Exploring a Move by SteuernAnwalt
I am a tax attorney/accountant in the US. My wife is from South America and I am of Latin background. She of course speaks native Spanish, I speak it quite fluently, near native. We are considering a move to PR if we qualify for Law 20 circa ...
I keep hearing that rincon is gringo headquarters, which I have been aware of. We spent a day there, albeit brief and primarily with a puerto rican couple. I am just wondering if it is so isolated we aren't even going to be able to practice our ... Read More
Moving to PR in less than 30 days by leela007
Hi With less than 30 days to go I am extremely nervous as is, then taking the current situation going on there has my blood pressure rising.. HELP..... Any advice?????
What is the attitude at utility companies or stores towards people in the process of learning spanish? Read More
Exploring a Move by SteuernAnwalt
I am a tax attorney/accountant in the US. My wife is from South America and I am of Latin background. She of course speaks native Spanish, I speak it quite fluently, near native. We are considering a move to PR if we qualify for Law 20 circa ...
Here's a question. If ACT 20 and ACT 22 did not exist, would you still want to move to Puerto Rico?Yes, But instead of bringing my business over, I would simply retire. I would focus on keeping my income from rental properties below 61.5k, so I ... Read More
Exploring a Move by SteuernAnwalt
I am a tax attorney/accountant in the US. My wife is from South America and I am of Latin background. She of course speaks native Spanish, I speak it quite fluently, near native. We are considering a move to PR if we qualify for Law 20 circa ...
Act 22, So $5k a year donated to local non-profits, I assume that is tax deductible. I am a bit confused about the long term capital gain language my translation is a bit iffy and I dont see the images it is referencing. But it sounds like possibly ... Read More
Exploring a Move by SteuernAnwalt
I am a tax attorney/accountant in the US. My wife is from South America and I am of Latin background. She of course speaks native Spanish, I speak it quite fluently, near native. We are considering a move to PR if we qualify for Law 20 circa ...
So PR apparently taxes anything over $60,000 at 33%.This probably doesn't apply to you as I assume you are much higher than 60k, but the marginal rates leading up to 60k are lower, my rough calculations are $2700 in savings at 61.5k income. ... Read More
New members of the Puerto Rico forum, introduce yourself here 1st quarter of 2017 by Julien
Hi all, Newbie on the Puerto Rico forum? Dont know how to start? This thread is for you ;) We invite you to introduce yourself on this topic, to share with us your expat story if you are already living in the country, or to tell us more ...
Shortly I should be in Puerto Rico where I will transfer my online business. I already have an active airbnb site and a farm that will involve cottage industry along with eco tourism and informal rentals on the line of Glamcamping. I will look into ... Read More
New members of the Puerto Rico forum, introduce yourself here 1st quarter of 2017 by Julien
Hi all, Newbie on the Puerto Rico forum? Dont know how to start? This thread is for you ;) We invite you to introduce yourself on this topic, to share with us your expat story if you are already living in the country, or to tell us more ...
Actually, the government is in the process of changing it to zero employees shortly for Act 20, for small and medium size businesses.Do you have any additional info on that? This could be huge for me. Read More
New members of the Puerto Rico forum, introduce yourself here 1st quarter of 2017 by Julien
Hi all, Newbie on the Puerto Rico forum? Dont know how to start? This thread is for you ;) We invite you to introduce yourself on this topic, to share with us your expat story if you are already living in the country, or to tell us more ...
I wonder if a rental home is considered a "guest house", I had also seen some properties that were bungalows or a hostel setup, which would be cool. But, they make it sound like if you purchase an existing "hotel" it must be ... Read More