Hey all,
I browsed around the other posts and didn't see anything that applied to this exactly. (but feel free to give me a little online slap and point me in the right direction if I missed one). We're moving to PR Spring of 2018. I'm completely self-employed as an audiobook narrator. Not incorporated in any way. I'm essentially a self-employed freelance contractor. All my clients, both publishers and individuals, are on the mainland, all business is conducted via email, I complete and upload the completed projects, they send me a check. No physical goods are sold, I have no employees, I work from my home, absolutely no withholding so I currently have to pony up at tax time.
So my question is what will this mean for me regarding taxes in PR? I keep hearing that there are great tax breaks for those who move to PR full time...I've seen everything from 4% to absolutely no taxes. But I'm not sure how or if that applies to me. Not asking for detailed tax advice of course...just wondering what to expect and what potential breaks I may qualify for, how to apply, etc. from anyone who may know. Thanks!