On December 10, 2018, the PRTD issued Administrative Determination Number 18-14, to simplify the rules for the deposit of income taxes withheld on wages standardizing them to those established by the IRS and repealing Internal Revenue Circular Letter 07-05 (“CC RI 07-05”). An Employer shall...
The PRTD issued Internal Revenue Circular Letter Number 18-17 on December 7, 2018 to inform that after December 10, 2018, all transactions related to withholding taxes at source (i.e. 499R-2, W-2PR, 480s) shall be completed in SURI. The following tax accounts were incorporated in SURI: ...
On January 29, 2019 the PRTD issued the Internal Revenue Informative Bulletin Number 19-02 to waive any penalty, fine, interest or surcharge that may result from the filing or payment of taxes in SURI corresponding to any “Phase 2 Transaction”. This waiver applies if the...
The PRTD issued Internal Revenue Informative Bulletin Number 18-24 to clarify certain tax amendments incorporated to the PR Code by Act No. 257-2018. As a general rule, every person, natural or juridical, that in the conduct of a trade or business or for the production...
On December 4, 2018, the PRTD, issued Internal Revenue Circular Letter Number 18-15, to establish a new procedure for the issuance of Total or Partial Waiver Certificates (“Waiver Certificate”). Automatic Waiver Certificate – Taxpayers with an active account in the Internal Revenue Unified System or...
The PRTD issued Internal Revenue Circular Letter 18-20 (“IRCL 18-20”) on December 28, 2018, to notify the procedure in which an Eligible Employer may file a claim with the PRTD regarding the benefit requested. Eligible Employers who timely requested the benefit but have yet not...
The PRTD issued Publication 06-06 on January 29, 2019, to notify taxpayers about the new specifications for ACH Credit payments. With the integration of additional taxes into the SURI system, new payment types will be available through the ACH Credit mechanism. For more detail, you...
The PRTD issued the Internal Revenue Circular Letter Number 19-01 on January 23, 2019, to approve a moratorium on the payment plans with the PRTD for those federal employees affected by the closure of the Federal Government (“Affected Taxpayer”). Accordingly, the Affected Taxpayer will not...
Pursuant to Section 4041.03 of the PR Code, every merchant who is not a withholding agent for sales and use tax (“SUT”) purposes shall send a notice, on or before January 31 of each year, to all Puerto Rico purchasers who acquired merchandised from said...
On December 31, 2018, the PRTD issued Internal Revenue Circular Letter 18-21, to notify the applicable limits to qualified retirement plans for the tax year 2019. For more detail on such limits, please use the following link: [button size='' style='' text='LEARN MORE' icon='' icon_color='' link='http://hacienda.pr.gov/publicaciones/carta-circular-de-rentas-internas-num-18-21-cc-ri-18-21'...