2017 Puerto Rico Tax Calendar
January 2017
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Saturday
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Holidays:
1 - New Year's Day
2 - New Year's Day (Observed)
6 - Epiphany
16 - Martin Luther King, Jr.
For 2017, the ceiling subject to Old Age Survivors and Disability Insurance
(OASDI) is $127,200. Wage subject to Medicare (Hospital Insurance) have no
limitation. The tax rate for OASDI and Medicare six point two (6.2%) percent
and one point forty five (1.45%) percentage respectively.
Effective for years beginning after December 31, 2012, employee share of
Medicare tax increases by an additional point nine (0.9%) percent on wages in
excess $200,000 for single individuals; $250,000 for married individuals filing a
joint return; and $125,000 for married individuals filing separate returns.
December 2016
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February 2017
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Employers are required to begin withholding the Additional Medicare Tax in the
pay period in which it pays wages in excess of $200,000 to an employee.
Individuals will report the Additional Medicare Tax on Form 1040 US, Individual
Income Tax Return. The additional Medicare tax also applies to self-employed
individuals.
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January tax events
2
Property Tax Assessment Date (Personal and Real Property)
Real Property Tax—Second Installment due for 2016–2017
Municipal License Tax—Second Installment due for 2016–2017 (payment can be made within the first 15 days of the semester)
10
Tax on Imports Monthly Return (Form SC 2915 D) for the month ended December 31, 2016
Declaration of Imports (Form SC 2970) for the month ended December 31, 2016
Deposit of 7% or 3% tax withheld from payments made during December 2016 for services rendered (Payment Voucher 480.9A)
17
P.R. and US Individual Estimated Income Tax Payment for 2016—Fourth Installment (Form 480.E-1 and 1040-ES)
Payment of Estimated Income Tax by Corporations, LLC’s, Partnerships, Special Partnerships and Corporations of Individuals:
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Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 1-31-17 (4th installment)
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Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 4-30-17 (3rd installment)
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Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 7-31-17 (2nd installment)
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Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 9-30-17 (1st installment)
Deposit of tax withholding in excess of $200 made on payments to foreign person during December 2016 (Form 480.31)
Deposit tax withheld at source during December 2016 on dividends, partnership profit distributions, interests, and 10% penalty on IRA (Form 480.9)
Chauffeurs Social Security Return 4th quarter payment (Form TSCH-1)
20
Sales and Use Tax Monthly Return (Form SC 2915.1) for the month ended December 31, 2016
Workmen’s Compensation Insurance Tax Payment—second half of the total tax due
31
Last day to file with P.R. Treasury Department the election to use flexible depreciation for taxpayers with taxable year ended December 31, 2016 (Only on
property acquired on a year beginning before July 1, 1995)
Employer’s Quarterly Return of Income Tax Withheld for the quarter December 31, 2016 and payment of accumulated taxes if less than $500 in quarter (Form
499 R-1B, Form 499-R.1-A)—must be completed and submitted electronically
P.R. Unemployment and Disability Contribution Report (Form PR UI-10, PR UI-10A and PR-SD-10A)
Last day to furnish to each employee the Withholding Statement (Form 499 R-2/W-2 PR), Copies B and C. Last day to file the Reconciliation Statement (Form
499 R-3) together with Copy A of Form 499 R-2/W-2 PR
Request for Automatic Extension of Time (30 days) to file the Withholding Statement (Form 499R-2/W-2 PR) and Reconciliation Statement of Income Tax
Withheld (Form 499R-3) with Form AS 2727
Annual Informative Returns—Mortgage Interest (Form 480.7A), Automobile Lease Payments (Form 480.7D), and Summary of the Informative Returns (Form
480.5)
Quarterly Excise Tax Return Pursuant to Act No. 154 of 2010 for quarter ended on December 31, 2016 (Form 480.36-Q)—must be completed and submitted
electronically
February 2017
Sunday
Monday Tuesday Wednesday Thursday Friday
Saturday
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Holidays:
20 - President's Day
On October 15th, 2016, the Puerto Rico Treasury Department (PRTD) launched
the Unified Internal Revenue System (SURI). SURI is a new tool that integrate
all the systems of the PRTD and manage the administration of different taxes.
All transactions related with IVU shall be made through SURI and all the officials
forms were replaced with the electronic formats produced by SURI.
Through the SURI webpage, Merchants can perform the following transactions:
(i) consult, update and modify a Merchant’s account; (ii) file or amend the
Declaration of Imports, Tax on Imports Monthly Return and the Monthly Sales
and Use Tax Return, including prior periods; (iii) make payments related with
debts, declaration and returns; (iv) requesting new Merchant’s Registration
Certificate, changes and cease of operations; and (v) request a Certificate of
Exemptions for Manufacturing Plants, Eligible Reseller Certificate and Certificate
of Reseller and Municipal Exemption.
January 2017
March 2017
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February tax events
10
Deposit of 7% or 3% tax withheld from payments made during January 2017 for services rendered (Payment Voucher 480.9A)
Tax on Imports Monthly Return (Form SC 2915 D) for the month ended January 31, 2017
Declaration of Imports (Form SC 2970) for the month ended January 31, 2017
15
Payment of Estimated Personal Property Tax for taxable year 2016 (3rd Installment) – Electronic filing on www.crimpr.net
Deposit of tax withholding in excess of $200 made on payments to foreign person during January 2017 (Form 480.31)
Deposit tax withheld at source during January 2017 on dividends, partnership profit distributions, interests, and 10% penalty on IRA (Form 480.9)
Payment of Estimated Income Tax by Corporations, LLC’s, Partnerships, Special Partnerships and Corporations of Individuals:
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Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 2-28-17 (4th installment)
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Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 5-31-17 (3rd installment)
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Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 8-31-17 (2nd installment)
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Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 10-31-17 (1st installment)
20
Sales and Use Tax Monthly Return (Form SC 2915.1) for the month ended January 31, 2017
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Annual Informative Returns—Income Not Subject to Withholding (Form 480.6A), Income Subject to Withholding (480.6B), Exempt Income and Exempt Income
Subject to Alternate Basic Tax (Form 480.6D), and Summary of the Informative Returns (Form 480.5)
Annual Informative Returns—Individual Retirement Account (Form 480.7), Educational Contribution Account (Form 480.7B), Retirement Plans and Annuities
(Form 480.7C), and Summary of the Informative Returns (Form 480.5)
Annual Reconciliation Statement of Income Subject to Withholding (Form 480.6B.1)
File with the Social Security Administration the originals of the Withholding Statements (Form 499R-2/W-2 PR) together with transmittal of Wages and Tax
Statements (Form W-3 PR)
March 2017
Sunday
Monday Tuesday Wednesday Thursday Friday
Saturday
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Holidays:
22 - Emancipation Day
The informative Bulletin No. 16-04 (“IB 16-04”) has been issued to notify the
issuance of the consolidated form applicable to flow-through entities for taxable
year 2015, and thereafter. All Partnerships, Special Partnerships and
Corporation of Individuals must file the new Informative Income Tax Return for
Flow-Through Entities (Form 480.2 (EC)) and its corresponding Informative
Return (Form 480.6 EC) for taxable year 2015, and thereafter.
Moreover, the informative return (Form 480.6 EC) to be furnished to the
partners, members or shareholders must be filed electronically
(https://apps1.hacienda.pr.gov/IELW2).
February 2017
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April 2017
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March tax events
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10
Withholding Statement (Form 499R-2/W-2 PR) and Reconciliation Statement of Income Tax Withheld (Form 499R-3) with 30-day extension
Deposit of 7% or 3% tax withheld from payments made during February 2017 for services rendered (Payment Voucher 480.9A)
Tax on Imports Monthly Return (Form SC 2915 D) for the month ended February 28, 2017
Declaration of Imports (Form SC 2970) for the month ended February 28, 2017
15
Deposit of tax withholding in excess of $200 made on payments to foreign person during February 2017 (Form 480.31)
Deposit tax withheld at source during February 2017 on dividends, partnership profit distributions, interests, and 10% penalty on IRA (Form 480.9)
Pass-through Entities Informative Income Tax Return (Form 480.2(EC)) for the taxable year ended December 31, 2016
Request for Automatic Extension of Time (3 months) to file Pass-through Entities Informative Income Tax Returns (Form SC 2644) for the taxable year ended
December 31, 2016
US Partnerships Income Tax Return for year ended December 31, 2016 (Form 1065)
Request for Automatic Extension of Time (6 months) to file 1065 US Partnerships Income Tax Return (Form 7004)
Payment of Estimated Income Tax by Corporations, LLC’s, Partnerships, Special Partnerships and Corporations of Individuals:
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•
•
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Corporations,
Corporations,
Corporations,
Corporations,
LLCs,
LLCs,
LLCs,
LLCs,
Partnerships,
Partnerships,
Partnerships,
Partnerships,
Special
Special
Special
Special
Partnerships,
Partnerships,
Partnerships,
Partnerships,
and
and
and
and
Corporations
Corporations
Corporations
Corporations
of
of
of
of
Individuals
Individuals
Individuals
Individuals
with
with
with
with
taxable
taxable
taxable
taxable
year
year
year
year
ending
ending
ending
ending
3-31-17 (4th installment)
6-30-17 (3rd installment)
9-30-17 (2nd installment)
11-30-17 (1st installment)
20
Sales and Use Tax Monthly Return (Form SC 2915.1) for the month ended February 28, 2017
31
Informative Return – Pass-through Entities (Form 480.6(EC)), Employees-Owned Special Corporation (Form 480.6(CPT)), and Revocable Trust or Grantor
Trust (Form 480.6(F)) Informative Returns (calendar year entities) to partners and shareholders
Request for extension of time (30 days) to file reports of Pass-through Entities, Employees-Owned Special Corporation, and Revocable Trust or Grantor Trust
(for calendar year entities) to partners and shareholders (Form SC 2644.1)
April 2017
Sunday
Monday Tuesday Wednesday Thursday Friday
Saturday
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Holidays:
14 - Good Friday
16 - Easter Sunday
Circular Letter No. 16-02-RI (“CL 16-02-RI”) establishes the electronic filing
requirements and procedures for Individual Income Tax Returns. The following
individual taxpayers are required to electronically file:
•
•
•
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Puerto Rico residents (single or married) taxpayers with gross income, after
exemptions, higher than $5,000;
Puerto Rico non-residents that are United States Citizens with gross income,
after exemptions, higher than $5,000;
Puerto Rico non-residents, not United States Citizens with taxable income
from sources within Puerto Rico; and,
Individual taxpayers with a net income subject to alternative minimum tax of
more than $150,000.
Any return required to be electronically filed but that instead filed in paper
format, will not be considered by the PRTD as duly filed and the corresponding
penalties for failure to file will apply.
Individuals meeting any of the exceptions set forth on Informative Bulletin No.
16-03 (“IB 16-03”), must file the Individual Income Tax Return in paper format
accompanied by an executed Form 483.2.
March 2017
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April tax events
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Deposit of 7% or 3% tax withheld from payments made during March 2017 for services rendered (Payment Voucher 480.9A)
Tax on Imports Monthly Return (Form SC 2915 D) for the month ended March 31, 2017
Declaration of Imports (Form SC 2970) for the month ended March 31, 2017
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US Individual Income Tax Return (Form 1040)
Request for Automatic Extension of Time (6 months) to file US Individual Income Tax Return (Form 4868)
P.R. Individual Income Tax Return (Form 482.0)
Request for Automatic Extension of Time (3 months) to file P.R. Individual Income Tax Return (Form SC 2644)
P.R. Income Tax Return for Corporations (Taxable and Exempt), and Partnerships and LLC’s taxed as corporations, for the taxable year ended
December 31, 2016
Request for Automatic Extension of Time (3 months) to file P.R. Income Tax Return Corporations (Taxable and Exempt), and Partnerships and LLC’s taxed as
corporations (Form SC 2644)
P.R. and US Individual Estimated Income Tax Payment for 2017—First Installment (Form 480.E-1 and Form 1040-ES)
Nonresident Annual Return of Income Tax Withheld at Source (Form 480.30). Amount not deposited must be paid with the return.
Deposit of tax withholding in excess of $200 made on payments to foreign person during March 2017 (Form 480.31)
Annual Informative Return on Income Subject to Withholding to Nonresidents (Form 480.6C) and Summary of the Informative Returns (Form 480.5)
Last day for individuals to contribute to an Individual Retirement Account and take the deduction on the 2016 Income Tax Return (if no extension of time is
requested)
Last day to file with the Puerto Rico Treasury Department the election to operate as a Corporation of Individuals for the taxable year ending on
December 31, 2017
Last day for individuals to notify financial institutions of election to have 10% tax withheld on interest from deposits and to select the institution that will apply
the $2,000 exemption over interest paid for the taxable year 2017
Deposit tax withheld at source during March 2017 on dividends, partnership profit distributions, interests, and 10% penalty on IRA (Form 480.9)
Payment of Estimated Income Tax by Corporations, LLC’s, Partnerships, Special Partnerships and Corporations of Individuals:
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Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 4-30-17 (4th installment)
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Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 7-31-17 (3rd installment)
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Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 10-31-17 (2nd installment)
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Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 12-31-17 (1st installment)
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Informative Return for Income Tax Exempt Organizations for the taxable year ended on December 31, 2016 (Form 480.70(OE))
Request for Automatic Extension of Time (3 months) to file Informative Return for Income Tax Exempt Organizations for the taxable year ended on December
31, 2016 (Form SC 2644)
Corporate Annual Report
Request for extension of time (60 days) to file the Corporate Annual Report. The request must be made electronically and must include the payment for the
filing fee.
Limited Liability Company Annual Fee
Chauffeurs Social Security 1st quarter payment (Form TSCH-1)
US Corporation Income Tax Return for foreign corporations that maintain an office in the US, for year ended December 31, 2016 (Form 1120-F)
US Corporation Income Tax Return for domestic corporations for year ended December 31, 2016 (Form 1120)
Request for Automatic Extension of Time (5 months) to file 1120-F or 1120 US Corporation Income Tax Return (Form 7004)
20
Sales and Use Tax Monthly Return (Form SC 2915.1) for the month ended March 31, 2017
21
Municipal License Tax Declaration: Last day to pay with a 5% discount (Form OCAM PA 01)
Last day to file request for extension of time (6 months) to file the Municipal License Tax Declaration (Form OCAM PA 03)
28
Employer’s Quarterly Return of Income Tax Withheld for the quarter ended March 31, 2017 and payment of accumulated taxes if less than $500 in quarter
(Form 499 R-1B and Form 499 R-1A) – must be completed and submitted electronically
P.R. Unemployment and Disability Contribution Report (Forms PR UI-10, PR UI-10A and PR-SD-10A)
Quarterly Excise Tax Return Pursuant to Act 154 of 2010, for quarter ended on March 31, 2017 (Form 480.36-Q)—must be completed and submitted
electronically
Last day to file reports of Pass-through Entities (Partnership, Special Partnership, and Corporation of Individuals) Employees-Owned Special Corporation, and
Revocable Trust or Grantor Trust (for calendar year entities) to partners and shareholders with 30-day extension
May 2017
Sunday
Monday Tuesday Wednesday Thursday Friday
Saturday
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Holidays:
14 - Mother's Day
29 - Memorial Day
For taxable years commencing after December 31, 2013, Estimated Tax
Payments will apply to taxpayers with estimated personal property tax of more
than one thousand ($1,000) dollars. The total Estimated Tax Payments for
Personal Property will be the lesser of: (i) ninety (90%) percent of the current
year tax determined, or; (ii) one hundred (100%) percent of the prior year tax
determined, net of the five (5%) percent discount.
Estimated Tax Payments must be made in four installments on or before August
15th; November 15th; February 15th; and May 15th.
April 2017
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May tax events
10
Use tax on Imports monthly return (Form SC 2915D) for the month ended April 30, 2017
Declaration of Imports (Form SC 2970) for the month ended April 30, 2017
Deposit of 7% or 3% tax withheld from payments made during April 2017 for services rendered (Payment Voucher 480.9A)
15
Payment of Estimated Income Tax by Corporations, LLC’s, Partnerships, Special Partnerships and Corporations of Individuals:
•
•
•
•
Corporations,
Corporations,
Corporations,
Corporations,
LLCs,
LLCs,
LLCs,
LLCs,
Partnerships,
Partnerships,
Partnerships,
Partnerships,
Special
Special
Special
Special
Partnerships,
Partnerships,
Partnerships,
Partnerships,
and
and
and
and
Corporations
Corporations
Corporations
Corporations
of
of
of
of
Individuals
Individuals
Individuals
Individuals
with
with
with
with
taxable
taxable
taxable
taxable
year
year
year
year
ending
ending
ending
ending
5-31-17 (4th installment)
8-31-17 (3rd installment)
11-30-17 (2nd installment)
1-31-18 (1st installment)
Deposit of tax withholding in excess of $200 made on payments to foreign person during April 2017 (Form 480.31)
Deposit tax withheld at source during April 2017 on dividends, partnership profit distributions, interests, and 10% penalty on IRA (Form 480.9)
Request for Automatic Extension of Time to file Personal Property Tax Return (Form AS-30) Partnerships, Sole Proprietorships and Corporations (3 months)
Personal Property Tax Return and payment (Form AS-29)
Payment of Estimated Personal Property Tax for taxable year 2016 (4th Installment)—Form BC-85-ES
Exempt Corporation Annual Report by exempt businesses with taxable year ended December 31, 2016, that filed the Income Tax Return (Form 480.30(II)) on
April 17, 2017
20
Sales and use tax monthly return (Form SC 2915.1) for the month ended April 30, 2017
June 2017
Sunday
Monday Tuesday Wednesday Thursday Friday
Saturday
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Holidays:
18 - Father's Day
On September 30 2016, the Puerto Rico Treasury Department (PRTD) issued
Circular Letter of Tax Policy No. 16-06 (CL TP 16-06) to: 1) establish that public
interest rulings and administrative determination letters issued privately to the
taxpayers pursuant to Circular Letter 99-01 (CC 99-01) will be published to the
public on a no name basis and to 2) establish the procedure that must be
followed by the PRTD to release the ruling letter to the public.
May 2017
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June tax events
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Use tax on Imports monthly return (Form SC 2915D) for the month ended May 31, 2017
Declaration of Imports (Form SC 2970) for the month ended May 31, 2017
12
Deposit of 7% or 3% tax withheld from payments made during May 2017 for services rendered (Payment Voucher 480.9A)
15
Pass-through Entities Informative Income Tax Return (Form 480.2(EC)) for the taxable year ended December 31, 2016 with 3-month automatic extension
Deposit of tax withholding in excess of $200 made on payments to foreign person during May 2017 (Form 480.31)
Deposit tax withheld at source during May 2017 on dividends, partnership profit distributions, interests, and 10% penalty on IRA (Form 480.9)
Corporate Annual Report with 60-day extension
US Corporation Income Tax Return for foreign corporations that do not maintain an office in the US year ended December 31, 2016 (Form 1120-F)
Request for Automatic Extension of Time (6 months) to file US Corporation Income Tax Return (Form 1120-F) for foreign corporations that do not maintain an
office in US (Form 7004)
P.R. Income Tax Return for Nonresident Foreign Corporations and Partnerships Subject to Act 154 of 2010 (Form 480.20(U))
Request for Extension of Time (3 months) to file the P.R. Income Tax Return for Nonresident Foreign Corporations and Partnerships Subject to Act 154 of 2010
(Form SC 2644)
Payment of Estimated Income Tax by Corporations, LLC’s, Partnerships, Special Partnerships and Corporations of Individuals:
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 6-30-17 (4th installment)
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 9-30-17 (3rd installment)
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Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 12-31-17 (2nd installment)
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 2-28-18 (1st installment)
P.R. and US Individual Estimated Income Tax Payment for 2017—Second Installment (Form 480-E.1 and Form 1040-ES)
US Individual Income Tax Return for US Citizens and Resident Aliens living abroad with automatic 2-month extension (Form 1040)
Request for Additional Extension of Time (4 months) to file US Individual Income Tax Return for US Individuals and Residents Aliens living abroad
(Form 4868)
20
Sales and use tax monthly return (Form SC 2915.1) for the month ended May 31, 2017
July 2017
Sunday
Monday Tuesday Wednesday Thursday Friday
Saturday
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Holidays:
4 - Independence Day
25 - Constitution Day
The PRTD issued Informative Bulleting 16-01 (“IB 16-01”) to notify Large
Taxpayers the form, manner and place for filing the income tax returns and any
other required document. IB 16-01 provides that for taxable years commencing
after December 31, 2014 Large Taxpayers must file their income tax returns,
including request for extension of time to file, in person or by certified mail
return receipt requested at the following address:
Physical Address:
a) Puerto Rico Treasury Department
Large Taxpayers Unit
Intendente Ramirez Building
10 Paseo Covadonga
Office 724-A
San Juan, Puerto Rico 00901
b)
Postal Address
Puerto Rico Treasury Department
Large Taxpayers Unit
PO Box 9024140
San Juan, Puerto Rico 00901
Large Taxpayers are: commercial bank or trust company; private bank;
securities brokerage house; insurance company; an entity engaged in a
telecommunications business; or an entity with a volume of business of fifty
million (50,000,000) or more in the preceding tax year.
June 2017
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July tax events
3
Real Property Taxes—First Installment due for 2017–2018
Municipal License Tax—First installment due for 2017–2018 (payment can be made within the first 15 days of the semester
10
Deposit of 7% or 3% tax withheld from payments made during June 2017 for services rendered (Payment Voucher 480.9A)
Use tax on Imports monthly return (Form SC 2915D) for the month ended June 30, 2017
Declaration of Imports (Form SC 2970) for the month ended June 30, 2017
14
17
Corporate Annual Report with additional 30-day extension
Deposit of tax withholding in excess of $200 made on payments to foreign person during June 2017 (Form 480.31)
Deposit tax withheld at source during June 2017 on dividends, partnership profit distributions, interests, and 10% penalty on IRA (Form 480.9)
P.R. Individual Income Tax Return with 3-month extension (Form 482.0)
Request for Additional Extension of Time (3 months) to file P.R. Individual Income Tax Return (Form SC 2644) (In case of individuals outside the country)
P.R. Income Tax Return for Corporations (Taxable and Exempt), and Partnerships and LLCs taxed as corporations, for taxable year ended December 31, 2016
with 3-month automatic extension
Informative Return for Income Tax Exempt Organizations for taxable year ended on December 31, 2016 with 3-month automatic extension (Form 480.70(OE))
Payment of Estimated Income Tax by Corporations, LLC’s, Partnerships, Special Partnerships and Corporations of Individuals:
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 7-31-17 (4th installment)
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 10-31-17 (3rd installment)
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 1-31-18 (2nd installment)
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 3-31-18 (1st installment)
Chauffeurs Social Security Return 2nd quarter payment (Form TSCH-1)
20
Sales and use tax monthly return (Form SC 2915.1) for the month ended June 30, 2017
Workmen’s Compensation Insurance (Form CFSE-693)
31
Employer’s Quarterly Return of Income Tax Withheld for the quarter ended June 30, 2016 and payment of accumulated taxes if less than $500 in quarter
(Forms 499 R-1B and 499-R.1-A)—must be completed and submitted electronically
P.R. Unemployment and Disability Contribution Report (Forms PR UI-10, PR UI-10A and PR-SD-10A)
Quarterly Excise Tax Return Pursuant to Act 154 of 2010, for quarter ended on June 30, 2017 (Form 480.36-Q)—must be completed and submitted
electronically
Annual Return/Report of Employee Benefit Plan (Form 5500) for the year ended December 31, 2016
Request of extension of time (2 1/2 months) to file Annual Return/Report of Employee Benefit Plan (Form 5558)
August 2017
Sunday
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Saturday
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On August 24, 2016, the US Court of Appeals for the First Circuit affirmed the
decision of the US District Court for the District of Puerto Rico in the case of
Wal-Mart Puerto Rico, Inc. v. Juan C. Zaragoza Gomez. The District Court held
that Alternative Minimum Tax (AMT) provisions of Section 1022.03 (b) (2) of the
Puerto Rico Internal Revenue Code of 2011, as amended (PR Code) are
unconstitutional, and issued an injunction prohibiting the Puerto Rico Treasury
Department (PRTD) from enforcing those AMT provisions.
As a result, the PRTD issued Administrative Determination No. 16-11 (AD 16-11)
to clarify that these AMT provisions do not apply to the 2016 taxable year, and
establish a mechanism to claim a credit for excess taxes paid in the 2015
taxable year.
For the 2016 Estimated Tax payments, AD 16-11 stipulates that the estimated
tax computation must not consider the components on amounts paid for
services received or allocated from related parties and purchases of personal
property to a related party. Furthermore, any estimated tax deposited related to
those provisions can be entirely applied against the 2016 tax liability.
AD 16-11 clarifies that the Court’s determination does not affect the 51%
disallowance of expenses incurred or paid to a related party not engaged in
trade or business in Puerto Rico or to the home office located outside Puerto
Rico, established by Section 1033.17 (a)(17) of the PR Code.
July 2017
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August tax events
10
Deposit of 7% or 3% tax withheld from payments made during July 2017 for services rendered (Payment Voucher 480.9A)
Use tax on Imports monthly return (Form SC 2915D) for the month ended July 31, 2017
Declaration of Imports (Form SC 2970) for the month ended July 31, 2017
15
P.R. Personal Property Tax Return for Corporations, Partnerships and Sole Proprietorships with 3-month extension (Form AS-29)
Payment of Estimated Income Tax by Corporations, LLC’s, Partnerships, Special Partnerships and Corporations of Individuals:
•
•
•
•
Corporations,
Corporations,
Corporations,
Corporations,
LLCs,
LLCs,
LLCs,
LLCs,
Partnerships,
Partnerships,
Partnerships,
Partnerships,
Special
Special
Special
Special
Partnerships,
Partnerships,
Partnerships,
Partnerships,
and
and
and
and
Corporations
Corporations
Corporations
Corporations
of
of
of
of
Individuals
Individuals
Individuals
Individuals
with
with
with
with
taxable
taxable
taxable
taxable
year
year
year
year
ending
ending
ending
ending
8-31-17 (4th installment)
11-30-17 (3rd installment)
2-28-18 (2nd installment)
4-30-18 (1st installment)
Deposit of tax withholding in excess of $200 made on payments to foreign person during July 2017 (Form 480.31)
Deposit tax withheld at source during July 2017 on dividends, partnership profit distributions, interests, and 10% penalty on IRA (Form 480.9)
Payment of Estimated Personal Property Tax for taxable year 2017 (1st Installment)—Form BC-85-ES
20
Sales and use tax monthly return (Form SC 2915.1) for the month ended July 31, 2017
30
Annual Informative Returns to inform contributions and other transactions—Individual Retirement Account (Form 480.7), Educational Contribution Account
(Form 480.7B), Retirement Plans and Annuities (Form 480.7C), and Summary of the Informative Returns (Form 480.5)
September 2017
Sunday
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Saturday
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Holidays:
4 - Labor Day
The Puerto Rico Treasury Department (PRTD) is aware that during the process
of opening a new business, both financial institutions and government agencies
require a Merchants’ Registration Certificate as part of the documents required
for opening bank accounts, applying for loans, applying for construction permits,
among others. Given this situation, many merchants apply for the Certificate
even though their commercial activity will not start in the near future. Even
when they are not generating taxable economic activity, these merchants are
required to file their Sales and Use Tax (SUT) Monthly Return at zero (0) to
comply with the filing requirements.
To address this situation and prevent these future merchants from being
required to file the SUT Monthly Return despite not having had any commercial
activity, as of October 31, 2016, a Provisional Certificate may be requested
through SURI for those merchants who will not start their business activity
within the thirty (30) days immediately following the application for the
Certificate. The Provisional Certificate will be in effect for six (6) months and it
will not be subject to any extension.
August 2017
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September tax events
10
Use tax on Imports monthly return (Form SC 2915D) for the month ended August 31, 2017
Declaration of Imports (Form SC 2970) for the month ended August 31, 2017
11
Deposit of 7% or 3% tax withheld from payments made during August 2017 for services rendered (Payment Voucher 480.9A)
15
Deposit of tax withholding in excess of $200 made on payments to foreign person during August 2017 (Form 480.31)
Deposit tax withheld at source during August 2017 on dividends, partnership profit distributions, interests, and 10% penalty on IRA (Form 480.9)
US Corporation Income Tax Return for domestic corporations for calendar year entities with 5 months extension (Form 1120)
US Corporation Income Tax Return for foreign corporations that maintain an office in the US, with 5 months extension (Form 1120-F)
US Partnerships Income Tax Return for year ended December 31, 2016 (Form 1065) with 6 months extension
P.R. Income Tax Return for Nonresident Foreign Corporations and Partnerships Subject to Act 154 of 2010, with 3-month extension (Form 480.20(U))
P.R. and US Individual Estimated Income Tax Payment for 2017—Third Installment (Form 480-E.1 and Form 1040-ES)
Payment of Estimated Income Tax by Corporations, LLC’s, Partnerships, Special Partnerships and Corporations of Individuals:
20
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 9-30-17 (4th installment)
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 12-31-17 (3rd installment)
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 3-31-18 (2nd installment)
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 5-31-18 (1st installment)
Sales and use tax monthly return (Form SC 2915.1) for the month ended August 31, 2017
October 2017
Sunday
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Saturday
01
02
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Holidays:
9 - Columbus Day
On September 30, 2016, the Puerto Rico Treasury Department issued
Administrative Determination 16-12 (DA 16-12) in order to explain the effect on
the termination of the Option 94 election on Limited Liability Companies (LLC),
for taxable year 2016, and subsequent years.
LLCs that were taxed as corporations under the Option 94 election and that will
be taxed as pass-through entities will be deemed as distributing its assets and
liabilities in a liquidating distribution effective on the last day of their taxable
year as corporations, and immediately thereafter the members contributed the
assets and liabilities received to the new partnership. In the deemed liquidation,
the corporation will be treated as if it sold its assets to its members at fair
market value and the members as if they exchanged their interest for the assets
received.
However, if a member of the LLC is a corporation that owns eighty percent
(80%) or more of the stock, the deemed liquidation can be considered tax
exempt. The entities involved must be taxed as corporations when the
liquidation takes place.
September 2017
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October tax events
10
Use tax on Imports monthly return (Form SC 2915D) for the month ended September 30, 2017
Declaration of Imports (Form SC 2970) for the month ended September 30, 2017
Deposit of 7% or 3% tax withheld from payments made during September 2017 for services rendered (Payment Voucher 480.9A)
16
US Individual Income Tax Return (Form 1040) with 4-month or 6-month extension
P.R. Individual Income Tax, second installment of 2016 tax liability
P.R. Individual Income Tax Return with 3-month additional extension (Form 482)
P.R. Return of Credit for Persons Age 65 or Older and Compensatory Credit for Low Income Pensioners (Form 481.10)
Payment of Estimated Income Tax by Corporations, LLC’s, Partnerships, Special Partnerships and Corporations of Individuals:
•
•
•
•
Corporations,
Corporations,
Corporations,
Corporations,
LLCs,
LLCs,
LLCs,
LLCs,
Partnerships,
Partnerships,
Partnerships,
Partnerships,
Special
Special
Special
Special
Partnerships,
Partnerships,
Partnerships,
Partnerships,
and
and
and
and
Corporations
Corporations
Corporations
Corporations
of
of
of
of
Individuals
Individuals
Individuals
Individuals
with
with
with
with
taxable
taxable
taxable
taxable
year
year
year
year
ending
ending
ending
ending
10-31-17 (4th installment)
1-31-18 (3rd installment)
4-30-18 (2nd installment)
6-30-18 (1st installment)
Deposit of tax withholding in excess of $200 made on payments to foreign person during September 2017 (Form 480.31)
Deposit tax withheld at source during September 2017 on dividends, partnership profit distributions, interests, and 10% penalty on IRA (Form 480.9)
Annual Return/Report of Employee Benefit Plan with 2 1/2 months extension (Form 5500)
Municipal License Tax Declaration with 6-month extension (Form OCAM PA 01)
Chauffeurs Social Security Return 3rd quarter payment (Form TSCH-1)
20
Sales and use tax monthly return (Form SC 2915.1) for the month ended September 30, 2017
31
Employer’s Quarterly Return of Income Tax Withheld for the quarter ended September 30, 2017 and payment of accumulated taxes if less $500 in quarter
(Form 499-R-1B and 499 R.1-A)—must be completed and submitted electronically
P.R. Unemployment and Disability Contribution Report (Forms PR UI-10, PR UI-10A and PR-SD-10A)
Quarterly Excise Tax Return Pursuant to Act 154 of 2010, for quarter ended on September 30, 2017 (Form 480.36-Q)—must be completed and submitted
electronically
November 2017
Sunday
Monday Tuesday Wednesday Thursday Friday
Saturday
01
02
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Holidays:
11 - Veterans Day
19 - Discovery of Puerto Rico
23 - Thanksgiving Day
Every employee having worked at least 700 hours in the twelve-month period
commencing October 1 and ending September 30 is entitled to receive a
mandatory Christmas Bonus. The bonus is 6% of the employee’s wages up to a
maximum individual employee wage of $10,000. Accordingly, the maximum
bonus payable will be $600. This bonus must be paid not later than
December 15.
In the case of those employers with 15 or less employees the applicable rate is
3%. Nevertheless, the total amount to be paid will not exceed 15% of the
annual profits of the employer generated during the same twelve-month period
used to determine the eligible employees.
If an employer will not pay the bonus because of operating losses, then he must
notify the Secretary of Labor and Human Resources not later than November 30,
accompanying financial statements for the period from October 1 thru
September 30, attested by a CPA.
October 2017
December 2017
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November tax events
10
Deposit of 7% or 3% tax withheld from payments made during October 2017 for services rendered (Payment Voucher 480.9A)
Use tax on Imports monthly return (Form SC 2915D) for the month ended October 31, 2017
Declaration of Imports (Form SC 2970) for the month ended October 31, 2017
15
Payment of Estimated Personal Property Tax for taxable year 2017 (2nd Installment)—Form BC-85-ES
Deposit of tax withholding in excess of $200 made on payments to foreign person during October 2017 (Form 480.31)
Deposit tax withheld at source during October 2017 on dividends, partnership profit distributions, interests, and 10% penalty on IRA (Form 480.9)
Payment of Estimated Income Tax by Corporations, LLC’s, Partnerships, Special Partnerships and Corporations of Individuals:
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 11-30-17 (4th installment)
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 2-28-18 (3rd installment)
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 5-31-18 (2nd installment)
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 7-31-18 (1st installment)
20
Sales and use tax monthly return (Form SC 2915.1) for the month ended October 31, 2017
30
Last day to file a balance sheet and profit and loss statement with the Labor Department for the year ended September 30, 2017, reviewed by a CPA, in order
to claim exemption from paying Christmas Bonus
December 2017
Sunday
Monday Tuesday Wednesday Thursday Friday
Saturday
01
02
03
04
05
06
07
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Holidays:
24 - Christmas Eve (Commonwealth of Puerto Rico declared holiday after
12:00pm)
25 - Christmas Day
On October 19, 2016, the Puerto Rico Department of Treasury (PRTD) shared
with various trade organizations and tax practitioners in Puerto Rico a draft of
the Puerto Rico Transfer Pricing Regulations to be issued pursuant Section
1040.09 of the 2011 Puerto Rico Internal Revenue Code (2011 PR Code).
The draft Regulation focuses on the application of the arm’s length principle to
evaluate the transfer pricing policies of associated enterprises and are based
considering the OECD Transfer Pricing Guidelines for Multinational Enterprises
and Tax Administration (OECD Guidelines) and the regulations.
November 2017
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December tax events
10
Use tax on Imports monthly return (Form SC 2915D) for the month ended November 30, 2017
Declaration of Imports (Form SC 2970) for the month ended November 30, 2017
11
15
Deposit of 7% or 3% tax withheld from payments made during November 2017 for services rendered (Payment Voucher 480.9A)
Deposit of tax withholding in excess of $200 made on payments to foreign person during November 2017 (Form 480.31)
Deposit tax withheld at source during November 2017 on dividends, partnership profit distributions, interests, and 10% penalty on IRA (Form 480.9)
US Corporation Income Tax Return for foreign corporations that do not maintain an office in the US with automatic six month filing extension, for the year
ended December 31, 2016 (Form 1120-F)
Payment of Estimated Income Tax by Corporations, LLC’s, Partnerships, Special Partnerships and Corporations of Individuals:
•
•
•
•
Corporations,
Corporations,
Corporations,
Corporations,
LLCs,
LLCs,
LLCs,
LLCs,
Partnerships,
Partnerships,
Partnerships,
Partnerships,
Special
Special
Special
Special
Partnerships,
Partnerships,
Partnerships,
Partnerships,
and
and
and
and
Corporations
Corporations
Corporations
Corporations
of
of
of
of
Individuals
Individuals
Individuals
Individuals
with
with
with
with
Last day to pay Christmas bonus
20
Sales and use tax monthly return (Form SC 2915.1) for the month ended November 30, 2017
taxable
taxable
taxable
taxable
year
year
year
year
ending
ending
ending
ending
12-31-17 (4th installment)
3-31-18 (3rd installment)
6-30-18 (2nd installment)
8-31-18 (1st installment)
January 2018
Sunday
Monday Tuesday Wednesday Thursday Friday
Saturday
01
02
03
04
05
06
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08
09
10
11
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31
Holidays:
1 - New Year's Day
6 – Epiphany
15 - Martin Luther King, Jr.
Services rendered by a non-resident person to a person in Puerto Rico are
subject to the 4% or 10.5% sale and use tax (“SUT”) (no Municipal SUT apply).
The person in Puerto Rico is responsible for the payment of the tax.
To determine the applicable SUT rate, services rendered by a non-resident
Merchant are considered as rendered by a duly registered Merchant. Also
Designated Professional Services qualify for the 4% SUT even when the
non-resident person is not licensed in Puerto Rico.
December 2017
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February 2018
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January tax events
1
Property Tax Assessment Date (Personal and Real Property)
Real Property Tax—Second Installment due for 2017–2018
Municipal License Tax—Second Installment due for 2017–2018 (payment can be made within the first 15 days of the semester)
10
Use tax on Imports monthly return (Form SC 2915D) for the month ended December 31, 2017
Declaration of Imports (Form SC 2970) for the month ended December 31, 2017
Deposit of 7% or 3% tax withheld from payments made during December 2017 for services rendered (Payment Voucher 480.9A)
16
P.R. and US Individual Estimated Income Tax Payment for 2017—Fourth Installment (Form 480.E-1 and 1040-ES)
Payment of Estimated Income Tax by Corporations, LLC’s, Partnerships, Special Partnerships and Corporations of Individuals:
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 1-31-18 (4th installment)
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 4-30-18 (3rd installment)
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 7-31-18 (2nd installment)
•
Corporations, LLCs, Partnerships, Special Partnerships, and Corporations of Individuals with taxable year ending 9-30-18 (1st installment)
Deposit of tax withholding in excess of $200 made on payments to foreign person during December 2017 (Form 480.31)
Deposit tax withheld at source during December 2017 on dividends, partnership profit distributions, interests, and 10% penalty on IRA (Form 480.9)
Chauffeurs Social Security Return 4th quarter payment (Form TSCH-1)
20
Sales and use tax monthly return (Form SC 2915.1) for the month ended December 31, 2017
31
Last day to file with P.R. Treasury Department the election to use flexible depreciation for taxpayers with taxable year ended December 31, 2017 (Only on
property acquired on a year beginning before July 1, 1995)
Employer’s Quarterly Return of Income Tax Withheld for the quarter December 31, 2017 and payment of accumulated taxes if less than $500 in quarter (Form
499 R-1B, Form 499-R.1-A)—must be completed and submitted electronically
P.R. Unemployment and Disability Contribution Report (Form PR UI-10, PR UI-10A and PR-SD-10A)
Last day to furnish to each employee the Withholding Statement (Form 499 R-2/W-2 PR), Copies B and C. Last day to file the Reconciliation Statement (Form
499 R-3) together with Copy A of Form 499 R-2/W-2 PR
Request for Automatic Extension of Time (30 days) to file the Withholding Statement (Form 499R-2/W-2 PR) and Reconciliation Statement of Income Tax
Withheld (Form 499R-3) with Form AS 2727
Annual Informative Returns—Mortgage Interest (Form 480.7A), Automobile Lease Payments (Form 480.7D), and Summary of the Informative Returns
(Form 480.5)
Quarterly Excise Tax Return Pursuant to Act No. 154 of 2010 for quarter ended on December 31, 2017 (Form 480.36-Q)—must be completed and
submitted electronically
Workmen’s Compensation Insurance Tax Payment—second half of the total tax due
Income Tax and Related Returns: Corporations
Form No.
Name of Report
Filing Period Due Date
Filing Agency and Address
Payment of Tax
Remarks
480.E-1
Estimated Tax
Payment Voucher
Corporation's
Taxable Year
15th day of the
4th , 6th, 9th, and
12th month of the
taxable year
Treasury Department Bureau
of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
Payments can be made
online using Payments
Online ("Colecturía
Virtual") at
www.hacienda.gobierno.pr,
at any Internal Revenue
Collectors' Office or at a
designated banking
institution using Form 480E.1.
To avoid penalty, the lesser of
90% of the current year tax; or
the greater between the total tax
determined as it results from the
preceding year's income tax
return, or an amount equal to the
tax computed at the rates and
under the law applicable to the
taxable year using the data
included in the income tax return
of the previous year. Branch Profit
Tax is not taken into
consideration.
480.37
Estimated Tax
Deposit Form Net Income
Attributable to
Puerto Rico
Sources Pursuant
to Section
1123(f) of the
Puerto Rico
Internal Revenue
Code of 1994, as
amended.
Taxpayer's
Taxable Year
Corporations: 15th
day of the 4th ,
6th, 9th, and 12th
month of the
taxable year
Treasury Department Bureau
of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
Payment must be made
payable to the Secretary of
the Treasury.
This form is to be used exclusively
for the payment of estimated tax
regarding the net income
attributable to Puerto Rico sources
pursuant to Section 1123(f) of the
1994 P.R. Internal Revenue Code.
Taxpayers other
than Corporations:
15th day of the
4th, 6th, and 9th
month of the
taxable year and
the 1st month of
the following
taxable year
Payments may be made
online using Payments
Online ("Colecturía
Virtual") at
www.hacienda.gobierno.pr
480.2 and
480.20
Corporation
Income Tax
Return
Corporation's
Taxable Year
15th day of the
4th month after
the close of
taxable year (3month automatic
extension available
using Form SC
2644)
Returns with Refund:
Treasury Department Bureau
of Income Tax
PO Box 50072
San Juan, PR 00902-6272
Balance of tax due is
payable by original due
date
OR
If volume of business exceeds
$3,000,000, financial statements
and supplemental information
underlying the financial
statements must be accompanied
by an auditor’s report issued by a
CPA licensed to practice in PR.
Returns with Payment and
Others:
Treasury Department Bureau
of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
Big Taxpayers:
Treasury Department Bureau
of Income Tax
Big Taxpayer's Unit
PO Box 9024140
480.20(U)
480.7(OE)
and
480.70(OE)
Income Tax
Return Nonresident
Foreign
Corporations and
Partnerships
Subject to Act
154 of 2010
Entity's
Taxable year
Informative
Return for
Income Tax
Exempt
Organizations
Organization'
s Taxable
Year
15th day of the
6th month after
the close of the
taxable year (3month automatic
extension available
using Form SC
2644)
Returns with Refund:
Treasury Department Bureau
of Income Tax
PO Box 50072
San Juan, PR 00902-6272
15th day of the
4th month after
close of taxable
year (3-month
automatic
extension available
using Form SC
2644)
Treasury Department Bureau
of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
Balance of tax due is
payable by original due
date
OR
Returns with Payment and
Others:
Treasury Department Bureau
of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
No Tax
Annual informative return of gross
income, receipts, and
disbursements required by law for
generally every organization
exempt from tax under Section
1101.01 of the PR Code.
If volume of business exceeds
$3,000,000, financial statements
must be accompanied by an
auditor’s report issued by a CPA
licensed to practice in PR.
1120
1120-F
US Corporation
Income Tax
Return for
Domestic
Corporations
US Corporation
Income Tax
Return of a
Foreign
Corporation
Corporation's
Taxable Year
Corporation's
Taxable Year
15th day of the
4th month after
close of taxable
year (5-month
automatic
extension available
using Form 7004)
Internal Revenue Service
Center
PO Box 409101
Ogden, UT 84409
Foreign
corporations
with no office
or place of
business in the
US: 15th day of
the 6th month
after close of
taxable year
(6-month
automatic
extension
available using
Form 7004).
Foreign
Corporations
with an office
or place of
business in the
US: the 15th
day of the 4th
month after
close of taxable
year (6-month
automatic
extension
available using
Form 7004).
Internal Revenue Service
Center
PO Box 409101
Ogden, UT 84409
•
•
Balance of tax due is
payable by original due
date
Estimated tax payments required
if current tax is higher than $500.
Payments must be made on or
before the 15th day of the 4th,
6th, 9th and 12th month of the
taxable year by electronic funds
transfer.
Balance of tax due is
payable by original due
date.
Estimated tax payments required
if current tax is higher than $500.
Payments must be made on or
before the 15th day of the 4th,
6th, 9th, and 12th month of the
taxable year. Foreign Corporations
that maintain an office in the US
must pay by electronic funds
transfer. Foreign corporations with
no office or place of business in
the US must pay the estimated tax
due by EFTPS, provided it has a
US bank account, by check or
money order.
OR
May be electronically filed
subject to certain
requirements
OR
May be electronically filed
subject to certain
requirements
Income Tax and Related Returns: Business
under the Puerto Rico Incentives Programs
Form No.
Name of Report
480.3(II)C
Income Tax
and
Return for
480.30(II)C Exempt Business
under the Puerto
Rico Incentives
Program - Film
Industry
480.3(II)DI
and
480.30(II)
DI
Income Tax
Return for
Exempt
Businesses under
the Puerto Rico
Incentives
Program Industrial
Development
Filing Period Due Date
Filing Agency and Address
Payment of Tax
Remarks
Corporation's
Taxable Year
15th day of the
4th month after
close of taxable
year (3-month
automatic
extension available
using Form SC
2644)
Returns with Refund:
Treasury Department Bureau
of Income Tax
PO Box 50072
San Juan, PR 00902-6272
Balance of tax due is
payable by original due
date
If volume of business exceeds
$3,000,000, financial statements
and supplemental information
underlying the financial
statements must be accompanied
by an auditor’s report issued by a
CPA licensed to practice in PR
15th day of the
4th month after
close of taxable
year (3-month
automatic
extension available
using Form SC
2644)
Returns with Refund:
Treasury Department Bureau
of Income Tax
PO Box 50072
San Juan, PR 00902-6272
Balance of tax due is
payable by original due
date
If volume of business exceeds
$3,000,000, financial statements
and supplemental information
underlying the financial
statements must be accompanied
by an auditor’s report issued by a
CPA licensed to practice in PR
Corporation's
Taxable Year
OR
Returns with Payment and
Others:
Treasury Department Bureau
of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
OR
Returns with Payment and
Others:
Treasury Department Bureau
of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
480.3(II)D
T&
480.30(II)
DT
480.3(II)EV
&
480.30(II)E
V
480.3(II)LE
and
480.30(II)L
E
Income Tax
Return for
Exempt
Businesses under
the Puerto Rico
Incentives
Program Tourism
Development
Corporation's
Taxable Year
Income Tax
Return for
Exempt
Businesses under
the Puerto Rico
Incentives
Program - Green
Energy
Corporation's
Taxable Year
Income Tax
Return for
Exempt
Businesses under
the Puerto Rico
Incentives
Program - Special
Acts
Corporation's
Taxable Year
15th day of the
4th month after
close of taxable
year (3-month
automatic
extension available
using Form SC
2644)
Returns with Refund:
Treasury Department Bureau
of Income Tax
PO Box 50072
San Juan, PR 00902-6272
15th day of the
4th month after
close of taxable
year (3-month
automatic
extension available
using Form SC
2644)
Returns with Refund:
Treasury Department Bureau
of Income Tax
PO Box 50072
San Juan, PR 00902-6272
15th day of the
4th month after
close of taxable
year (3-month
automatic
extension available
using Form SC
2644)
Returns with Refund:
Treasury Department Bureau
of Income Tax
PO Box 50072
San Juan, PR 00902-6272
Balance of tax due is
payable by original due
date
If volume of business exceeds
$3,000,000, financial statements
and supplemental information
underlying the financial
statements must be accompanied
by an auditor’s report issued by a
CPA licensed to practice in PR
Balance of tax due is
payable by original due
date
If volume of business exceeds
$3,000,000, financial statements
and supplemental information
underlying the financial
statements must be accompanied
by an auditor’s report issued by a
CPA licensed to practice in PR
Balance of tax due is
payable by original due
date
If volume of business exceeds
$3,000,000, financial statements
and supplemental information
underlying the financial
statements must be accompanied
by an auditor’s report issued by a
CPA licensed to practice in PR
OR
Returns with Payment and
Others:
Treasury Department Bureau
of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
OR
Returns with Payment and
Others:
Treasury Department Bureau
of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
OR
Returns with Payment and
Others:
Treasury Department Bureau
of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
Income Tax and Related Returns: Pass
Through Entities
Form No.
Name of Report
Filing Period Due Date
480.20
(EC)
Informative
Income Tax
Return PassThrough Entity
Partnership/S
pecial
Partnership/C
orporation of
individuals
Taxable Year
480.6 EC
Informative
Return - PassThrough Entity
480.9A
480.9A
Filing Agency and Address
Payment of Tax
Remarks
15th day of the
Department of Treasury
3rd month after
PO Box 9022501
close of taxable
San Juan PR 00902-2501
year (3-month
automatic
extension available
using Form SC
2644)
Any tax not previously
deposited should be paid
with the return, Except for
Partnerships (No tax)
If volume of business exceeds
$3,000,000, financial statements
and supplemental information
underlying the financial
statements must be accompanied
by an auditor’s report issued by a
CPA licensed to practice in PR.
Partnership/S
pecial
Partnership/C
orporation of
individuals
Taxable Year
Last day of 3rd
month after close
of taxable year
(30-day automatic
extension using
Form SC2644.1)
Must be electronically filed
using the PRTD using
https://apps1.hacienda.pr.go
v/IELW2
No Tax
Informative Return to partners of
Partnerships/Special
Partnerships/Corporations of
individuals providing information
required in the preparation of their
Income Tax Return. Copy of this
report must be filed along with the
Partnership Income Tax Return.
Payment Voucher
of Tax Withheld
For periods
ended the
15th day of
the 4th, 6th,
9th, and 12th
month of
Corporation
of Individuals
or Special
Partnership's
taxable year
On or before the
15th day of the
4th, 6th, 9th, and
12th month of
taxable year
Treasury Department Bureau
of Income Tax
Bureau of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
Payable in four equal
installments on the 15th
day of the 4th, 6th, 9th,
and 12th month of the
taxable year
The withholding tax rate on
income of a special partnership is
30% for resident individuals,
estates, trusts and nonresident US
citizens, and 30% on domestic or
resident foreign corporations. On
income of Corporations of
Individuals is a 30% for resident
individuals, estates or trusts.
Payment Voucher
of Tax Withheld
Corporation
of Individuals
or Special
Partnership's
taxable year
On or before the
15th day of the
3rd month
following close of
taxable year
Treasury Department Bureau
of Income Tax
Bureau of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
15th day of 3rd month
following close of Special
Partnership or Corporation
of Individual's taxable year
The withholding tax rate on
income of a Special Partnership is
29% for foreign corporations not
engaged in a trade or business
and nonresident aliens, estates
and trusts. On income of
Corporations of Individuals is 33%
on nonresident aliens, estates and
trusts.
1065
US Return of
Partnership
Income
Partnership's
Income
Taxable Year
Domestic
partnership: 15th
day of the 3rd
month after close
of taxable year. A
6-month automatic
extension can be
requested by filing
Form 7004.
Various. Paper return filing
No Tax
address depend on where the
partnership has its principal
business office.
If the office is located in
Puerto Rico:
Internal Revenue Service
Center
P.O. Box 409101
Ogden, UT 84409
Informative return used to report
the income, gains, losses,
deductions, credits, etc. from the
operation of a partnership. Certain
partnerships with more than 100
partners are required to file Form
1065, Schedules K-1, and related
forms and schedules electronically.
Income Tax and Related Returns: Individuals
Form No.
Name of Report
Filing Period Due Date
Filing Agency and Address
Payment of Tax
Remarks
481.1 and
481.10
Return of Credit
for Persons Age
65 or Older and
Compensatory
Credit for Low
Income
Pensioners
Individual's
Taxable Year
If individual files in
a calendar year
basis, form must
be filed on or
before October 16
Treasury Department Bureau
of Income Tax
PO Box 50072
San Juan, PR 00902-6272
No Tax
Individual must be a resident of
Puerto Rico who is not claimed as
a dependent in other return, does
not claim dependents, did not
receive income subject to
withholding at source, and does
not have the obligation to file the
Individual Income Tax Return.
482 and
482.0
Individual Income Individual's
Tax Return
Taxable Year
15th day of the
4th month after
close of taxable
year (3-month
automatic and 3month additional
extensions
available using
form SC 2644)
Return must be filed
Balance of tax due is
electronically using any
payable by original due
program or application
date
certified by the PRTD through
www.hacienda.pr.gov.
Return must be filed
personally at the Department
of Treasury, Only if an
exemption applies. Bureau of
Income Tax PO Box 9022501
San Juan, PR 00902-2501
For all individuals who derive
income from salaries, wages, or
tips from Puerto Rico, wages from
the Federal Government, annuities
and pensions or who receive
income from alimony, interest,
dividends, sole proprietorships, or
any other source, among other
requirements.
Return can be e-filed or
Mailed. If Mailed:
Not enclosing a check/money
order:
Department of the Treasury
Internal Revenue Service
Austin, TX 73301-0215.
Estimated tax payments required
if the expected tax is at least
$1,000 (after subtracting your
withholdings and credits) and the
withholdings and credits are
expected to be less than 90% of
current year tax or 100% of the
previous year's tax liability.
Estimated payments must be
made on or before the 15th day of
the 4th, 6th, and the 9th of the
taxable year and the 1st month of
1040
US Individual
Income Tax
Return
Individual's
Taxable Year
15th day of the
4th month after
close of taxable
year (6-month
automatic
extension available
using Form 4868)
OR
Enclosing a check/money
order:
Balance of tax due is
payable by original due
date
Estimated Tax is required for
individuals with gross income
derived from any source other
than salaries and pensions subject
to withholding of $5,000 or more
and whose estimated tax is over
$1,000. Estimated payments must
be made on or before the 15th day
of the 4th, 6th, and 9th month of
the taxable year and the 1st
month of the following taxable
year using Form 480-E.1
Internal Revenue Service
P.O. Box 1303
Charlotte, NC 28201-1303
the following taxable year using
Form 1040-ES
Other Statutory Returns
Form No.
Name of Report
Filing Period Due Date
Filing Agency and Address
Payment of Tax
Remarks
Corporate Annual
Report
Calendar Year April 15 (60-day
extension
available)
Department of State
Filing fee of $150 for
profitable corporations or
$5 for not-for-profit
corporations. The fee must
be paid with a credit card
through the Puerto Rico
Department of State
webpage.
If the volume of business exceeds
$3,000,000, an audited financial
statement as of the last closing
date must be filed with the report,
certified by a PR CPA. If the
volume of business is less than
$3,000,000 a compilation report
as of the last closing date must be
filed with the report.
Annual Fee Limited Liability
Company
Calendar year April 15
Department of State
Annual Report for
Exempt
Businesses
Corporation's
Taxable Year
30 days after
Income Tax Return
due date
(Considering
extension of time
to file)
Department of Economic
Development and Commerce
platform: www.oeci.pr.gov.
Or in person to the OITE
office.
$300 money order,
certified or manager's
check payable to the order
of the Secretary of the
Treasury of Puerto Rico
The report must be filed
electronically with the Office of
Industrial Tax Exemption. A copy
of this form must be filed with the
Secretary of the Treasury of
Puerto Rico and a copy must be
filed with the Puerto Rico
Industrial Development Company.
OCAM PA01 Volume of
Business
Declaration
The fiscal
year ended
within the
preceding
calendar year
Fifth working day
after April 15 (6month extension
available).
Director of Finance of the
Municipalities where business
is conducted
Due July 1 and January 1.
5% discount allowed if full
payment is made by the
fifth working day after April
15.
If volume of business is
$3,000,000 or more, the
declaration must be accompanied
by financial statements certified by
a PR CPA. Otherwise, copy of the
Income Tax Return must be
included.
AS-29
Calendar Year May 15 (Extension
to file using Form
AS-30: All
taxpayers may
request a 3-month
automatic
extension.)
The automatic extension and
the return must be filed
electronically at the Municipal
Revenue Collection Center
(CRIM) webpage
www.crimpr.net.
Tax due May 15. The 5%
discount is allowed if:
If volume of business exceeds
$3,000,000 or more, financial
statements certified by a PR CPA
should be attached to return.
Return must be notarized.
Fiscal year corporations must
include accountant's attested Trial
Balance as of that date. Foreign
Personal Property
Tax Return
Reports must be filed
electronically at the PR
Department of State
webpage
www.estado.gobierno.pr
Annual fee statement must
be filed electronically at the
PR Department of State
webpage
www.estado.gobierno.pr
Filing fee of $150. The fee
must be paid with a credit
card thru the PR
Department of State
webpage.
Taxpayers subject to
estimated tax pay the total
amount of tax due in the
four installments
established.
For taxpayers not subject
to estimated tax, if the
total tax due is paid by
May 15.
corporations include P.R.
operations only.
Individuals: Balance Sheet as of
12/31 must be attached. Return
must be notarized. No CPA
certification required.
Estimated Tax payments are
required for every taxpayer whose
estimated personal property tax is
$1,000 or more. Estimated
payments must be made on or
before the 15th day of the 8th,
and 11th month of the current
taxable year and the 2th, and 5th
month of the following taxable
year.
Sales and Use Tax Forms
Form No.
N/A
N/A
N/A
N/A
Name of Report
Filing Period Due Date
Filing Agency and Address
Payment of Tax
Remarks
Application for
Merchant's
Registration
Certificate
No later than 30
days before
commencement of
operations
Application and Registration
must be completed online at
https://suri.hacienda.pr.gov/
_/ See CC 16-15
No Tax
Applies to all taxpayers that will
operate a business in Puerto Rico.
There is no filing fee or charge.
Application for
Exemption
Certificate for
Manufacturing
Plants
Various
Application and Registration
must be completed online at
https://suri.hacienda.pr.gov/
_/ See CC 16-15
No Tax
Merchant must be up to date on
their tax responsibilities with the
Treasury Department.
Application for
Reseller
Certificate and
Municipal SUT
Exemption
Certificate
Application and Registration
must be completed online at
https://suri.hacienda.pr.gov/
_/ See CC 16-15
No Tax
The Reseller Certificate will
identify if the reseller merchant
can claim a credit, and determine
if a merchant that acquires taxable
items for resale can acquire
tangible personal property for
resale free of the one percent
(1%) collected by the
municipalities. Reseller Merchant
must be up to date on their tax
responsibilities with the Treasury
Department.
Application for
Eligible Reseller
Certificate
Application and Registration
must be completed online at
https://suri.hacienda.pr.gov/
_/ See CC 16-15
No tax
Filed by a duly registered
merchant, who is mainly engaged
in the purchase of taxable items
for sale to persons that can
acquire them exempt from the
payment of the sales and use tax
or for exportation (eligible sales).
Merchants must be up to date on
their tax responsibilities with the
Treasury Department. Form must
be filed with a detailed description
of the tangible personal property
to be purchased for sale to
persons that can acquire the
taxable items exempt from the
payment of the sales and use tax.
AS 2915.1
Sales and Use
Tax Monthly
Return / SUT
Applicable to
Preexisting
Contracts and
Auctions / SUT
Applicable to
Services
Rendered to
Other merchants
and designated
Professional
Services
Monthly
20th day of the
following month
during which the
transaction subject
to sales and use
tax occurred.
Application and Registration
must be completed online at
https://suri.hacienda.pr.gov/
_/ See CC 16-15
Balance of Tax due is
payable by original due
date
Sales and Use tax Monthly
Return: Must be filed by any
merchant engaged in the business
of selling taxable items in the
Commonwealth of Puerto Rico.
Form now integrates SUT
Applicable to Preexisting
Contracts and Auctions which
Must be filed by any merchant
engaged in the selling of taxable
items covered under Construction
Projects or under contracts
granted under auctions awarded
as of June 30, 2015, and has filed
before the Department an
application to qualify the contract
or auction in order to report the
taxable items acquired under such
contracts and deposit the
corresponding SUT. Finally, the
form also integrates SUT
Applicable to Services
Rendered to Other Merchants
and Designated Professional
Services which Must be filed by
any merchant engaged in
rendering services to other
merchants and designated
professional services in the
Commonwealth of Puerto Rico.
Also, must be filed by any
merchant who receives taxable
services from a person
nonresident of Puerto Rico.
AS 2915.1
D
Tax on Imports
Monthly Return
Monthly
10th day of the
month following
the month in which
the transaction
subject to tax
occurred.
Application and Registration
must be completed online at
https://suri.hacienda.pr.gov/
_/ See CC 16-15
Balance of Tax due is
payable by original due
date
Must be filed by any individual
who imports tangible personal
property by any means subject to
use tax. Payment must be made
through electronic transfer of
funds (ACH Debit). ACH Credit is
only available for bonded
importers.
AS 2970.1
Declaration of
Imports
Various
Application and Registration
must be completed online at
https://suri.hacienda.pr.gov/
_/ See CC 16-15
No tax
Every time a bonded merchant
imports personal property that is
introduced into Puerto Rico, the
bonded merchant must file the
Declaration of Imports and use tax
satisfied thru the Bond. If the
Bond balance is less than the use
tax due, the tax must be paid with
the filing of the Declaration of
Imports in order to obtain release
of the imported property.
Informative Returns
Form No.
Name of Report
Filing Period Due Date
Filing Agency and Address
Payment of Tax
Remarks
480.30
Nonresident
Annual Return for
Income Tax
Withheld at
Source
Calendar Year 15-Apr
Treasury Department Bureau
of Income Tax
Amount not deposited
must be paid on April 15
Withholding tax on rents, interests
(if related party), dividends,
compensation, etc.
480.31
Deposit Coupon
of Tax Withheld
at Source Nonresidents
Monthly
480.5
Summary of the
Informative
Returns
Calendar Year Form 480.5 must
Treasury Department Bureau
be filed with each
of Income Tax
type of informative
return, not later
Electronic Filing required
than: January 31
(Form 480.7A and
480.7D), February
28 (Forms 480.6A,
480.6B,
480.6D, 480.7,
480.7B and
480.7C), April15
Electronic Filing required
On or before the
15th day of the
month following
the withholding
Treasury Department
Bureau of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
Withholding rates:
• Nonresident US citizen
individuals or fiduciaries - 20%
Nonresident alien individuals or
fiduciaries - 29%
• Foreign Corporations or
partnerships not engaged in
trade or business in Puerto Rico
- 29%
• Sale of Property by nonresident
aliens - 25%
• Sale of Property by nonresident
US Citizens - 15%
• Sale of Property by foreign
corporations or partnerships
not engaged in trade or
business within Puerto Rico 25%
• Income from dividends of
corporations -10%, or 15%
Monthly deposit within 15
days after close of month
only if tax exceeds $200
• Amount not deposited
must be paid with the
return on April 15
The deposit of the tax deducted
and withheld does not eliminate
the requirement to file Form
480.30
No tax
Summarizes and transmits Forms
480.6A, 480.6B, 480.6C, 480.6D,
480.7, 480.7A, 480.7B, 480.7C,
and 480.7D. Refer to the annual
publication issued by the PR
Treasury Department for further
guidance on the electronic filing of
these forms.
(Form 480.6C) or
August
30 (Form 480.7,
480.7B and
480.7C)
480.6A
480.6B
Informative
Return - Income
Not Subject to
Withholding
Calendar Year February 28
Informative
Return - Income
Subject to
Withholding
Calendar Year February 28
Treasury Department Bureau
of Income Tax
No Tax
For payments of $500 or more on
rents, premiums, annuities,
royalties or other fixed or
determinable income, interest,
dividends, and compensation not
subject to withholding. Also for
income derived from debt
discharge to be considered taxable
income following the requirements
of the Administrative
Determination issued by the
Treasury Department.
Copy must be furnished to the
payee. Form 480.5 must be used
as transmittal.
No Tax
Required to report all payments
made during the year that were
subject to withholding, including
those payments for services
rendered that were exempt from
the 7% withholding by means of a
total or partial Waiver Certificate
from Withholding at Source.
Electronic Filing required
Treasury Department Bureau
of Income Tax
Electronic Filing required
Copy of this form must be
furnished to the payee. Form
480.5 must be used as
transmittal.
480.6B.1
Annual
Reconciliation
Statement of
Income Subject
to Withholding
Calendar Year February 28
Treasury Department Bureau
of Income Tax
Electronic Filing required
Amount not deposited
must be paid with return
on February 28
Reconciles all payments and
withholdings for services rendered,
judicial or extrajudicial
indemnification, dividends subject
to 15%, dividends subject to
preferential rate under Special Act,
compensation paid by
international associations or
federations of sport's teams,
interest paid on deposit accounts
from bank institutions located in
PR, eligible interest paid or
credited on bonds, notes, or other
obligations issued by certain
entities, dividends from Industrial
Development Income (Act 8 of
1987), and other payments
reported on Form 480.6B.
480.6C
480.6D
Informative
Return - Income
Subject to
WithholdingNonresidents
Calendar Year April 17
Informative
Return - Exempt
Income and
Excluded Income
Subject to
Alternate Basic
Tax
Calendar Year February 28
Treasury Department Bureau
of Income Tax
No Tax
For payments made to each
nonresident individual or fiduciary
or nonresident alien and for each
foreign corporation or partnership
not engaged in trade or business
in Puerto Rico with regards to
salaries, wages or compensations,
compensation paid by
international association or
federations of sport's teams, sale
of property, dividends, royalties,
interest, rents, public shows or
others payments like judicial or
extrajudicial indemnification. Also
includes partnership distributions
in those cases in which the
partnership elected to be taxed
under the provisions of the 1994
PR Code. Copy of this form must
be furnished to the payee. Form
480.5 must be used as
transmittal.
No Tax
For payments made to an
individual, corporation or any
other legal entity of $500 or more
regarding exempt income related
to any of the following:
accumulated gain on nonqualified
stock options upon which the
individual has prepaid the tax,
distributions of amounts
previously notified as deemed
eligible distributions,
compensation for injuries or
sickness, pursuant to Section
1031.01(b)(3) of 2011 PR Code,
distributions from non-deductible
IRA, compensation paid to an
employee due to a liquidation or
close of business, or qualified
employee profit sharing plans
when the dismissal is for qualified
reasons established in Act No. 80
1976, rent from residential
property under Act 132-2010,
interest upon obligations from the
Electronic Filing required
Treasury Department Bureau
of Income Tax
Electronic Filing required
USA Government, any of its
states, territories or political
subdivisions, from the
Commonwealth of Puerto Rico,
certain mortgages interest,
between others, dividends from
limited dividends corporations,
from domestic cooperative
associations if the taxpayer that
received them is a PR resident,
from an International Insurer or
Holding Company of the
International Insurer, and
dividends subject to 5% and 8%
prepayment, and debt discharge
480.7
480.7A
480.7 B
Informative
Return Individual
Retirement
Account
Calendar Year February 28 to
report
distributions.
Informative
Return -Mortgage
Interest
Calendar Year January 31
Informative
Return Educational
Contribution
Account
Calendar Year February 28 to
report
distributions.
August 30 to
report transactions
other than
distributions.
Treasury Department Bureau
of Income Tax
No Tax
Annual report providing the
beginning account balance,
contributions and distributions
made during the year, interest
earned, interest rate, exempt
income detail, penalties withheld,
etc.
Copy of the form must be
furnished to account holder. Form
480.5 must be used as
transmittal.
No Tax
Form includes mortgage interest
and loan origination fees and
discounts on the purchase of
principal residence paid by
borrower for taxable year. It also
includes property taxes paid.
Copy of this form must be
furnished to mortgage borrower.
Form 480.5 must be used as
transmittal.
No Tax
Reports contributions,
distributions, and other
transactions and events. Copy of
this form must be furnished to
contributor/beneficiary. Form
480.5 must be used as
transmittal.
Electronic Filing required
Treasury Department Bureau
of Income Tax
Electronic Filing required
August 30 to
report transactions
other than
distributions.
Treasury Department Bureau
of Income Tax
Electronic Filing required
480.7C
Informative
Return Retirement Plans
and Annuities
Calendar Year February 28 to
report
distributions.
Informative
Return Automobile Lease
Payments
Calendar Year January 31
480.9
Payment of
Income Tax
Withheld
Monthly
On or before the
15th day of the
following month
480.9A
Payment Voucher
of Tax Withheld
Monthly
On or before the
10th day of the
following month
5500
Annual
Return/Report of
Employee Benefit
Plan
Calendar Year Last day of the 7th
calendar month
after the end of
the plan or Group
Insurance
Arrangement (GIA)
year (not to
exceed 12
months).
480.7D
August 30 to
report transactions
other than
distributions.
Treasury Department Bureau
of Income Tax
No Tax
Reports rollover contributions,
rollover distributions, and other
transactions and events for each
participant or beneficiary of a
retirement plan.
Copy of this form must be
furnished to account holder. Form
480.5 must be use as transmittal.
No Tax
Reports payments received and
amount of payments that
constitutes interest for each leased
automobile.
Copy of this form must be
furnished to the person engaged in
the business. Form 480.5 must be
use as transmittal.
Treasury Department Bureau
of Income Tax
Bureau of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
Total amount withheld is
payable with this form.
To deposit taxes withheld from
interest on deposit with banking
institutions and eligible dividends
paid by corporations, etc.
Treasury Department Bureau
of Income Tax
Bureau of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
Total amount withheld is
payable with this form.
To deposit 7% or 3% tax withheld
at source on payments for services
rendered in excess of $1,500.
Electronic filing mandate
using the EFAST2 processing
system. Instructions
available at
www.efast.dol.gov
No Tax
Form 5500 is used to report
information concerning employee
benefit plans. A return must be
filed every year for every pension
benefit plan and welfare benefit
plan. Use Form 5558 to obtain an
automatic extension (up to 2 1/2
months). Since electronic filing is
required, plan administrators and
direct filing entities are reminded
that they must maintain an
original copy of the Form 5500
annual return/report, with all
required signatures as part of their
records.
Electronic Filing required
Treasury Department Bureau
of Income Tax
Electronic Filing required
Payroll Taxes
Form No.
Name of Report
499-R-1
Deposit of Income Varies
Tax Withheld on
Wages
499-R-1B
Employer's
Quarterly Return
of Income Tax
Withheld
Quarterly
Withholding
Statement
Calendar Year PR Treasury January 31 (30day extension
available using
form SC 2727)
499-R-2/
W-2 PR
Filing Period Due Date
Filing Agency and Address
Payment of Tax
Remarks
Varies
Treasury Department
Bureau of Income Tax
PO Box 9022501
San Juan, PR 00902-2501
Payment should be made
at Internal Revenue
Collector's Office or at the
designated banking
institution.
Employers with less than $50,000
during look back period will
deposit the tax on the 15th day of
the following month. Employers
with $50,000 or more will deposit
the tax semiweekly. If payroll date
is a Saturday, Sunday, Monday or
Tuesday, payment must be made
on or before the following Friday.
If the payroll date is Wednesday,
Thursday or Friday, payment must
be made on or before the following
Wednesday. Employers whose
withholding amount during an
entire quarter is $500 or less can
make the tax payment with the
quarterly return.
April 30, July 31,
October 31,
January 31
Treasury Department Bureau
of Income Tax
Any amount of tax not
deposited is payable with
this return
Reconcile wages paid for the
quarter, and the income tax
withheld and deposited each
month within that quarter.
No Tax
Reports salaries paid to employees
(equivalent to Federal W-2).
Original to Federal Social Security
Administration, two copies for
employee, one for the employer
and one for the Bureau of Income
Tax.
Social Security
No Tax
Administration
Barre Data Operations Center
Wilkes-Barre, PA 18769-0001
Must attach original of Form 499R2/W-2PR
Social Security
Administration February 28
W-3 PR
Transmittal of
Withholding
Statements
Calendar Year
or Date of
Final
Payment
Last day of
February or last
day of the second
month after the
last payment
Return must be filed
electronically by accessing:
http://planillatrimestralpatro
nal.hacienda.pr.gov/
PR Treasury Department
Bureau of Income tax Electronic Filing Required
Social Security
Administration
Barre Data Operations Center
Wilkes-Barre, PA 18769-0001
OR
Employers may report their
employees’ wage and
withholding information
electronically through SSA
website at
www.socialsecurity.gov/empl
oyer.
499-R-3
Reconciliation
Statement of
Income Tax
Withheld
Calendar Year January 31 (30day extension
available using
form SC 2727)
Treasury Department Bureau
of Income Tax
No Tax
499-R-4.1
Withholding
Exemption
Certificate
At the
beginning of
employment
or whenever
changes in
personal
exemption
occur.
Prepared by the employee for No tax
the employer
Furnished to employer to support
employee tax withholdings. If
exemptions claimed exceed 8,
employer must submit a copy of
the certificate to the Secretary of
Treasury Bureau of Income Tax,
as well as a written statement
from the employee supporting the
information.
CFSE-693
Workmen's
Compensation
Insurance
Year ended
on June 30
July 20
Puerto Rico State Insurance
Fund
Payable in two
installments:
One half with the return on
July 20 and the remaining
on January 20
Premiums are payable by the
employer at rates varying
according to type of occupation
(Postmark date is not valid)
TSCH-1
Chauffers Social
Security
Quarterly
April 15, July 15,
October 15,
January 15
Department of Labor
Bureau of Chauffers Social
Security
Prudencio Rivera Martínez
Ave. Muñoz Rivera #505
Hato Rey, PR 00918
With return 80 cents
weekly per driver, payable
50 cents by driver and 30
cents by employer
Includes any employee performing
driver's duties for the employer.
Replaces disability tax.
Must be filed electronically
Summary of tax withheld and
withholdingstatements given to
employees (equivalent to Federal
W-3).
Individual Tax Rates
For all individuals, estate, or trust:
For calendar year 2016 and 2017
Regular Tax
Taxable Income
Tax Rate
$0 - $9,000
0%
$9,001 - $25,000
7% of the excess over $9,000
$25,001 - $41,500
$1,120 plus 14% of the excess over $25,000
$41,501 - $61,500
$3,430 plus 25% of the excess over $41,500
Over $61,501 - and more
$8,430 plus 33% of the excess over $61,500
Gradual Adjustment
Taxable Income
Tax Rate
Over $500,000
5% of the excess of the Net Taxable Income over $500,000 limited to
$8,895, plus 33% of the amount of the personal exemption and
exemption for dependents.
Alternative Minimum Tax
Taxable Income
Tax Rate
$150,000 - $200,000
10%
$200,001 - $300,000
15%
$300,001 - and more
24%
Corporation rates
Normal Tax
20%
Surtax (Taxable Income Subject to Surtax)
Surtax credit: $25,000
Up to $75,000
5%
$75,001 - $125,000
$3,750 + 15% of the excess above $75,000
$125,001 - $175,000
$11,250 + 16% of the excess above $125,000
$175,001- $225,000
$19,250 + 17% of the excess above $175,000
$225,001 - $275,000
$27,750 + 18% of the excess above $225,000
In excess of $275,000
$36,750 +19% of the excess above $275,000
Alternative minimum tax
Tentative Minimum Tax
30% of the alternative minimum net income (after tax credits)
For additional information, contact:
Francisco Castillo, Esq., CPA
Marcos Morlá, CPA
Tax Partner
Senior Tax Manager
Ricardo Villate, CPA
Arturo Román, CPA
Tax Director
Senior Tax Manager
Michelle Corretjer, Esq., CPA
Candice Lubbers, CPA
Tax Director
Tax Manager
Roberto Solá, CPA
Felipe Rodríguez, Esq., CPA
Senior Tax Manager
Tax Manager
María Otero, CPA
Vimary Diaz, CPA
Senior Tax Manager
Tax Manager
Harry Márquez, CPA
Edwin Ramos, CPA
Senior Tax Manager
Tax Manager
Physical Address:
Phone:
700 Torre Chardon
787 759 7171
350 Chardon Avenue
787 282 5300
San Juan, Puerto Rico 00918-2140
Fax:
787 759 8701 Tax Department
787 756 6340 Audit Department
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