News

18 Mar Working Remotely? A Best Practices Checklist for COVID-19 Preparedness in Puerto Rico

Posted at 20:19h in News

As many of us have been made aware, COVID-19 may increase existing risks to your staffing and office access/availability. The Galíndez, LLC team are devoted to providing resources, insight and practical solutions to mitigate the impact of the virus in your daily operations. Mitigating risks among...

16 Mar Moratorium on Payment Plans

Posted at 20:27h in News

Considering the economic distress that COVID-19 impact might have in taxpayers, the Puerto Rico Treasury Department (Treasury) is allowing a moratorium on the actual payment plans executed with the agency, as established on Internal Revenue Circular Letter No. 20-20. Therefore, a taxpayer under a payment...

16 Mar Annual Report Extension issued by the Puerto Rico State Department

Posted at 20:23h in News

Pursuant to the Puerto Rico State Department portal, the due dates to file the 2019 Annual Report or Annual Due, including extensions, will be as follows: Please contact us for additional information or assistance. ...

16 Mar Extension of Administrative Terms Due to COVID-19

Posted at 18:45h in News

As of February 24, 2020, the Third Phase of SURI transition took place. As a matter of fact, SURI allows us to make some electronic transactions, such as payment of tax due, request automatic payment plans, request of certificate of debt and filing, request waiver...

16 Mar New Extended Period to File and Pay the Income Tax Return

Posted at 18:43h in News

As a result of Executive Order No. OE-2020-020 issued on March 12 by the Governor of Puerto Rico, in which Puerto Rico was declared in a state of emergency due to COVID- 19 impact, the Puerto Rico Treasury Department (Treasury) issued Administrative Determination No. 20-03...

14 Mar Disaster Relief Payments as a Result of January Earthquakes

Posted at 17:27h in News

As experienced after Hurricane María, the PRTD issued Internal Revenue Circular Letter No. 20-08 (“CC 20-08”), providing for a temporary exclusion of gross income to certain disaster relief payments made by an employer to an employee as a result of the January Earthquakes. As defined by...

14 Mar Special Disaster Distributions Allowed at a Preferential Tax Rate from Retirement Plans

Posted at 17:25h in News

Pursuant to Internal Revenue Circular Letter CC RI 20-09 (“the Letter”) eligible individuals can make withdrawals from their qualified retirement plans or individual retirement account, as a result of the earthquakes at the beginning of 2020, to correct any losses or damages suffered by such...

14 Mar Transition to SURI

Posted at 17:21h in News

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...

14 Mar Extension Requests for 2019 Income Tax Returns

Posted at 17:18h in News

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...

13 Mar Electronic Filing Procedures for the 2019 Income Tax Returns

Posted at 17:11h in News

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...