Tax season puts your CPA front and center, but it also exposes a hard truth most high earners don’t realize until it’s too late. The professional who files your return is not necessarily the professional equipped to redesign how your income is taxed. For most people, that distinction doesn’t matter. For individuals considering Puerto Rico’s Act 60, it matters a lot. Act 60 is not a line item, it’s not… Read More
Archives for February 2026
The Three Pillars of Act 60 Compliance – Residency, Sourcing, and Substance
For many high earners exploring Puerto Rico’s Act 60 incentives, the tax benefits are compelling. But the incentives aren’t automatic, and understanding the three pillars of compliance — residency, sourcing, and substance — is essential to both qualify and remain compliant over time. 1. Bona Fide Residency At the heart of Act 60’s individual benefits is bona fide residency. The tax incentives — including potential exemptions or preferential treatment on… Read More