On February 24, 2020, the PRTD completed the third phase of the transition to the SURI platform. As part of this phase, several accounts and procedures are now required to be completed through the SURI account. Accordingly, we encourage you to access your...
Pursuant to the Internal Revenue Circular Letter 19-15, every taxpayer will be required to electronically file their extension request for 2019 Income Tax Return through SURI. Individual taxpayers may file the extension request without requiring to log-in to their SURI accounts. All other...
INDIVIDUALS For 2019, the electronic filing of the income tax return (“return”) could be completed through the “Income Tax” account in SURI or through a private Certified Program. These Certified Programs can be accessed through the PRTD website and will be free of charge until...
On December 30, 2019, the PRTD issued Internal Revenue Circular Letter 18-21, to notify the applicable limits to qualified retirement plans for tax year 2019. Please contact us for additional information or assistance. READ THE ORIGINAL PUBLICATION FROM PRTD ...
The PR Code was amended by Act No. 257 of 2018, to establish the requirement to submit an AUP or a Compliance Attestation Report prepared by a Certified Public Accountant (“CPA”) with current license in Puerto Rico (hereinafter “CPA Report”). On the referred reporting, the...
n response to a recent court case, the PRTD issued the Internal Revenue Circular Letter 20-17 (“Letter”) to notify the release of the new Form 480.7F – Annual Declaration of Payments Received on Advertising, Insurance Premiums, Telecommunication, Internet Access and Cable or Satellite Services (“Annual...
Act No. 257 was enacted on December 2018 and made substantial changes to the Puerto Rico Internal Revenue Code of 2011, as amended (“the PR Code”). Under the new rules, if a company or self-employed individual want to deduct certain items, it will be required...
On January 8, 2020, the PRTD issued the Internal Revenue Circular Letter No. 20-02 (“Circular Letter”) to extend the due dates for several returns, declarations and payments of certain taxes due up to January 30, 2020. The extended due dates are as follows: Extended until January...
On January 9, 2020, the Puerto Rico Treasury Department (PRTD) issued the Administrative Determination 20-01 (“Determination”) to temporarily exempt certain items (foods) acquired by natural persons from sales and use tax due to the recent seismic activity experienced through the Island. The exemption will be...
The Galíndez, LLC team is proud to support the Association for Youth and Community of Barrio Palmas, Inc. (Asociación Pro Juventud y Comunidad de Barrio Palmas or APJ), a resilient nonprofit organization organized in 1984 by a group of citizens concerned about the high degree...