News for hackers. Stuff that matters.

A comment on Working Remotely From A Tropical Island In Thailand. Parent comment

Re:Working Remotely From A Tropical Island In Thailand by borgia on Thursday April 09, 2015 @03:11PM (#9350198)
>Besides the tax benefits there are a lot of other things to like here.

How does the tax work? It's part of US territory, so are you paying your income tax to the US as you usually would while earning in the US?

Or are you resident there and your earnings subject to taxes in PR? Aside from that, as a US citizen are you not still obliged to pay the IRS the taxes on a certain amount of earnings made outside the US?

[ Parent | on HN ]
Re:Working Remotely From A Tropical Island In Thailand by ben_pr on Thursday April 09, 2015 @04:21PM (#9350740)
Puerto Rico has a unique relationship with the U.S. when it comes to taxes. A Puerto Rico corporation can do business with a U.S. corp and not pay any U.S. taxes. The employees of the PR corp that are residents in PR only pay PR taxes not IRS taxes.

I posted my email address to another comment here. If you are interested send me an email and I will put you in contact with a tax accountant here and a few others that work on this.

[ Parent | on HN ]