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...
Galíndez, LLC was proud to be a part of United Way’s ‘Regala un Día’® (‘Give a Day’), as part of our community support efforts and as a great team-building event. This annual community program is aimed at promoting volunteering and creating social awareness of the...
On August 2, 2019, the Puerto Rico Treasury Department (“PRTD”) issued Administrative Determination Number 19-03 (“AD 19-03”) providing guidelines and requirements to reduce the sales and use tax (SUT) from an 11.5% to 7% for restaurants and the sale of prepared foods, carbonated beverages, pastries,...
At Galíndez, LLC we're all about team building and the great culture that sets us apart. That's why we are proud to be a part of the Puerto Rico CPA Bowling League, which has been bringing accountants to the lanes for the last 31 years....
The PRTD issued the Internal Revenue Circular Letter Number 19-11 on May 17, 2019 to establish the two-day period on July and January in which school uniforms and materials are exempt from sales and use tax for the fiscal year 2019-2020. Such period will be from...