ACT 20 | 22 | 60
ACT 20, ACT 22 + ACT 60 HOLDERS
Youth For Christ Puerto Rico is a non-profit, tax-exempt charitable organization (tax identification number 66-0915769 ) under Section 501(c)(3) of the Internal Revenue Code. Donations are tax-deductible as allowed by law.
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We are also an Act 20, 22 and 60 approved non-profit charity organization on the island of Puerto Rico. All donations will be recognized & credited towards your mandatory yearly donation.
WHAT IS AN ACT 20/22/60 NON-PROFIT?
Like with Act 22 donations, these nonprofit entities must operate in Puerto Rico and not be run by the investor or their family, spouse, or partner. ACT 60 investors must also submit their donation before December 31 and present proof in their annual report in May. These charities by definition need to be on the hacienda 1101.01 list.
Puerto Rico’s generous Act 22 / Act 60 tax advantages for individuals are incredible:
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0% income tax on all dividend income
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0% income tax on all interest income
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0% income tax on all capital gains, including both short- and long-term
How to Qualify for Act 22 / Act 60:
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Be present in Puerto Rico for at least 183 days of the tax year
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Maintain your tax home in Puerto Rico and not in the U.S.
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Donate 5k to a registered Act 22 Charity.
*Please note ACT 60 has some additional requirements