The coronavirus outbreak has brought economic consequences that have shaken world markets of basic products and subsequently interrupted the supply networks that are the foundation of the world’s economy. Puerto Rico is not exempt from this situation. The Total Lockdown of 14 days has put the country at a pause where all commercial activities have been detained, affecting all businesses and individuals.
In response to this situation, the Treasury Department (TD) issued Administrative Determination No. 20-09 (DA 20-09) to inform of the new period on which it will not impose interests, surcharges, and penalties on tax returns, declarations, and forms, payments, and deposits that are filed no later than the due dates itemized on this bulletin.
A. Sales and Use Tax (SUT)
The TD will not be imposing interests, surcharges and penalties provided filing and payments are made on the following dates
- SUT Monthly Tax Return, Form Model SC 2915: Filing and payments for February, March, April and May 2020 are postponed as follows:
- February until April 20, 2020
- March until May 20, 2020
- April until June 22, 2020
- May until July 20, 2020
- The Monthly Tax Return on Imports, Form Model SC 2915D: The due dates for the filing and payments of March and April 2020 will be postponed as follows:
- March until May 10, 2020
- April until June 10, 2020
- May until July 10, 2020
- Bi-monthly SUT Payments: The TD will not impose penalties for not making the Bi-monthly SUT payments for the months of March, April, May, and June 2020 provided the total amount due is paid along with the filing of the SUT Monthly Tax Returns for these periods.
B. Income Tax Returns
The TD will not be imposing interests, surcharges and penalties provided the Income Tax Returns and the corresponding amount due are submitted on the following dates:
- Tax Returns or Extensions due on March 15, 2020: The due date is now June 15, 2020.
- Tax Returns or Extensions due on April 15, 2020: The due date is now July 15, 2020.
- Tax Returns or Extensions due on either May 15, 2020, or June 15, 2020: The due date is now July 15, 2020.
In addition, the TD will not be imposing interests, surcharges, and penalties on payments that must be included with the Tax Returns, provided these are made on the due dates.
Any taxpayer that wishes to submit an Extension Request for filing the Tax Return may do so and it will be understood that the Extension Request was submitted through SURI on the due date.
C. Informative Declarations
The TD will not impose penalties for the filing of the 2019 Informative Declarations, provided these are filed in SURI no later than May 15, 2020.
D. Other Tax Returns, Forms, and Tax Payments
Those tax returns, declarations, forms, transactions, and payments of Other Taxes managed by the TD other than income tax returns or SUT, and that are classified as Other Tax Returns will not be subject to interests, surcharges, and penalties provided these are submitted on the following due dates:
- Filing Other Tax Returns due in March and April 2020 is postponed as follows:
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- March 15 until June 15, 2020
- April 30 until June 30, 2020
- Filing of Other Tax Returns due in May and June 2020 is postponed as follows:
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- May 10 or June 10 until July 10, 2020.
- May 15 or June 15 until July 15, 2020
Rulings included in DA 20-09 do not apply to transactions, declarations, returns, and payments related to excise taxes, taxes on alcoholic beverages, and the special tax on foreign corporations under Law 154 of October 25, 2010. Therefore, the declarations or returns must be filed and paid on the due dates established by the Code.
E. Bonds
All bonds that expire between March 15 and April 30, 2020, are automatically extended until May 31, 2020.
Internal Revenue Licenses
All Internal Revenue Licenses that expire between March 15 and April 30, 2020, are automatically extended until May 31, 2020.