What are payroll taxes in Puerto Rico?

Employee Income Tax

• 0%  – Not over 9,000 USD
• 7% – 9,000-25,000 USD
• USD 1,120 + 14% of the excess over USD 25,00 – 25,000-41,500USD
• USD 3,430 + 25% of the excess over USD 41,500 – 41,500-61,500USD
• USD 8,430 + 33% of the excess over USD 61,50 – Over 61,500 USD

Employer Payroll Tax

• 6.2% – FICA Social Security (Federal)
• 1.45% (0.9% Additional tax on over $200k) – FICA Medicare (Federal)
• 6.0% – FUTA (Federal Unemployment Tax)
• 1.4%-5.4% – SUTA (State Unemployment Tax)
• 2.9% – SUTA New Employer Tax
• 17.95%- 23.85% – Total Employment Cost

Employee Payroll Taxes

• 6.2% – FICA Social Security (Federal)
• 1.45% (0.9% Additional tax on over $200k) – FICA Medicare (Federal)
• 6.0% – FUTA (Federal Unemployment Tax)
• 13.65% – 14.55% – Total Employee Cost