![]() “Whether a foreign corporation is engaged in a trade or business in a given jurisdiction will depend both on the type and the amount of its activities in such jurisdiction. As of 2019, the median income of Puerto Rico was $20,166, which falls below the poverty threshold of $24,400.The IRS does not require individuals or households below the poverty threshold to pay federal income tax.Įmployers not otherwise engaged in a Puerto Rico trade or business (“Non-PR Employers”) with employees working remotely from Puerto Rico should understand the Puerto Rico income tax implications of such an arrangement and be aware that, depending on the activities carried out by their employees and/or agents in Puerto Rico, they may be considered engaged in a trade or business in Puerto Rico (“ ETB-PR”) and subject to Puerto Rico income taxation.
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