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AUTOMATIC ISSUE OF WITHHOLDING WAIVERS

AUTOMATIC ISSUE OF WITHHOLDING WAIVERS

  At the end of December of each year, the Treasury Department (TD) automatically issues the partial and total waivers from the 7% withholding.  Individuals or entities to which this waiver is granted receive a Waiver Certificate from Withholding at Source for...
Withholding to resident recipients

Withholding to resident recipients

Withholding to Resident Recipients Payments made by any person in business in excess of $1,500 to another person (individual or entity) for services performed within Puerto Rico are subject to a seven percent (7%) withholding. Any in-kind payment is considered a...