by Torres CPA Group
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 the Quarterly Tax Returns and Deposits of the 10% withholding for rendered services must be submitted. Following,...
by Torres CPA Group
Payment for services rendered in Puerto Rico by Entities Doing Business in Puerto Rico duly registered in Puerto Rico State Department Any natural or legal person doing business in Puerto Rico who makes payments (Payer) for rendered services must deduct...
by Torres CPA Group
As a result of the Phase II transition to the Unified Internal Revenue System (SURI) completed on December 10, 2018, all employers, withholding agents or tax return specialists must verify that their accounts have been automatically transferred to SURI in order...
by Torres CPA Group
Effective January 1, 2019, and in order to simplify the rules for the deposit of withholdings of salaries; as well as complying with the recent amendment to the Code, and align these to the Federal Government, we summarize these new rules. Monthly Depositor ...
by Torres CPA Group
The Treasury Department (TD) revises and publishes the new versions of the Withholdings Vouchers and of the Informative Declarations that must be submitted annually by an employer or withholding agent. Thus, the TD issued the Internal Revenue Bulletin No....
