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Antonio Perez Lopez, Assistant Secretary of the Lottery in Puerto Rico, told Fox News Latino. "We are still waiting, so we don't know."
IRS officials did not immediately respond to calls seeking comment.
Puerto Rico's tax code exempts Puerto Ricans from paying federal taxes on local income. The island has the discretion to set the local tax.
This peculiarity has been a magnet for U.S. millionaires, who increasingly are finding ways to spend at least 183 days a year on the island in order to become a "bona fide resident" and benefit from Section 933 of the U.S. tax code, which exempts residents of Puerto Rico from paying U.S. income tax on their Puerto Rico-sourced income.
Will the Puerto Rico Powerball winner pay Federal tax Nobody knows Lottery Post
IRS officials did not immediately respond to calls seeking comment.
Puerto Rico's tax code exempts Puerto Ricans from paying federal taxes on local income. The island has the discretion to set the local tax.
This peculiarity has been a magnet for U.S. millionaires, who increasingly are finding ways to spend at least 183 days a year on the island in order to become a "bona fide resident" and benefit from Section 933 of the U.S. tax code, which exempts residents of Puerto Rico from paying U.S. income tax on their Puerto Rico-sourced income.
Will the Puerto Rico Powerball winner pay Federal tax Nobody knows Lottery Post
