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Does Puerto Rico tax retirement income? Puerto Rico offers tax benefits to people who choose to retire to the island due to its own tax laws. In simple terms, Act 60 provides tax exemptions to those who relocate to the island. Retiring in Puerto Rico: A Complete Guide - unbiased.com unbiased.com discover retirement retiri unbiased.com discover retirement retiri
The administrator of the retirement plan should report the amount distributed and withheld at source to the individual and the PRTD on Form 480.7C, Informative Declaration Retirement Plans and Annuities, for tax year 2022. Puerto Ricos Treasury Department issues guidance on Ernst Young news 2022-1525-puerto-ric Ernst Young news 2022-1525-puerto-ric
Form 480.7C is an Informative Return for Retirement Plans and Annuities for Puerto Rico plans.
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