NEW DATE TO INSTALL THE SUT TERMINAL
By means of Administrative Determination No. 19-05 (AD 19-05), the Treasury Department (TD) informs on the postponement of the date on which merchants
2019-10-10
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By means of Administrative Determination No. 19-05 (AD 19-05), the Treasury Department (TD) informs on the postponement of the date on which merchants
The Treasury Department (TD) annually revises and publishes a new version of the Withholding Statements and Informative Declarations that are required to be submitted
As part of the protocol for the implementation of benefits granted to medical professionals under the laws for the Retention and Return of
From July 2, 2019 until October 15, 2019, any person 65 years or older may request two (2) compensatory refundable tax credits by informed the
Partial Exemption of SUT on Prepared Meals One of the changes brought by Law 257 of December 10, 2018, known as the Tax
The Treasury Department (TD) recently announced the extension to request and claim benefits to employers who retained their employees despite the fact that their
By means of Municipal Ordinance No. 23-2018-2019 Series, the city of San Juan establishes a special amnesty period for the payment of Municipal SUT
According to what is established by the Puerto Rico Internal Revenue Code that exempts school uniforms and supplies from paying Sales and Use Tax
On its Internal Revenue Circular Letter No. 19-10 (CC RI 19-10), the Treasury Department informs on the rules, procedures, and dates on which both
Double Taxation Dividends Conventional wisdom dictates that most companies should be carried out as pass-through entities because that avoided the dreaded double taxation
Moving to Puerto Rico does nothing to shelter previous appreciation/loss capital gains/loss Determining how to split a capital gain between appreciation/loss that happened
(Versión en español “Radicación Planillas Corporativas para el año 2018”) The Treasury Department (TD) annually issues Form 480.2, “Income Tax for Corporations” (Corporate Tax Return)
In this issue: We list the exceptions for which certain taxpayers must file their tax return on paper. In addition, we describe the process
In this issue: As part of the implementation of Law No. 257 of December 10, 2018, known as Tax Reform, the Treasury Department (TD)
Payment for services rendered in Puerto Rico by Entities Doing Business in Puerto Rico duly registered in Puerto Rico State Department Any naturalized
In this issue: We summarize the rulings established by the Treasury Department for those taxpayers, individuals, or corporations, that render professional services and that
As a result of the Phase II transition to the Unified Internal Revenue System (SURI) completed on December 10, 2018, all employers, withholding agents,
In this issue: As a supplement to the tax incentives provided by Acts 20 and 22, some municipalities of Puerto Rico have added benefits
In this issue: On its Internal Revenue Informative Bulletin No. 18-24, the Treasury Department (TD) informs that beginning on January 1, 2019 the 7%
Effective January 1, 2019, and in order to simplify the rules for the deposit of withholdings of salaries as well as comply with the recent
IMPORTANT INFORMATION: This is one of the bulletins in which we inform you on the changes of the tax transactions due to the transition
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