The Treasury Department (TD) recently announced the extension to request and claim benefits to employers who retained their employees despite the fact that their businesses were interrupted or disrupted as a result of hurricanes Irma and María. Internal Revenue Informative Bulletin No. 19-07 (BI 19-07) indicates that the new date for applying for the benefit will be on June 30, 2019. In addition, it informs that the new date to file a Claim will be on July 10, 2019, provided they applied for the benefit on or before June 30, 2019.
The Benefit responds to negotiations between the TD of Puerto Rico and the Treasury Department of the USA to establish the agreement known as the ERTC Implementation Plan. The Plan stipulates the eligibility criteria for those employees whose businesses were disrupted or closed due to damages caused by Hurricanes Irma and María. The agreement also states the process for requesting the federal benefit for the retention of employees.
BI 19-07 stresses that both the Application and the Claim must be filed electronically using the digital platform designed for such purposes by the TD. The platform is available at the TD’s web page: www.hacienda.pr.gov, under the Employers and Withholding Agents Section.
We remind you that the TCG team is available to make these transactions and ease the process for you.
