Digital Asset Taxation in Puerto Rico: New Rules for Residents
This bill changes how digital asset income for Puerto Rico residents is taxed. It means income from activities like mining, holding, or selling cryptocurrencies will not be considered as sourced from Puerto Rico, potentially affecting tax liabilities.
Key points
Income from digital assets (e.g., mining, staking, sales) for Puerto Rico residents will not be treated as sourced from Puerto Rico.
The change applies to any digital representation of value recorded on a cryptographically-secured distributed ledger.
These new rules will apply to tax years beginning after the bill becomes law.
Status:
Introduced
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