Puerto Rico imposes a 4% preferential tax rate on blockchain "staking as a service"

ChainCatcher news, the Puerto Rico Department of Economic Development and Commerce (DDEC) has released a guide on digital assets based on blockchain technology and blockchain verification, which states that a preferential tax rate of 4% will be applied to "staking as a service (SaaS)" (any entity participating in blockchain verification will be taxed at this rate).

The guide also provides definitions for blockchain verification, staking, mining, digital assets, etc., marking the first time that an official agency in Puerto Rico has clarified these concepts, aiming to provide more certainty for individuals and companies in the Web3 industry. (source link)