As a result of Governor of Puerto Rico’s Executive Orders No. OE-2020-020 and OE 2020-023 issued on March 12 and March 15, respectively, Puerto Rico was declared in a state of emergency due to COVID-19 impact, and a total lockdown was ordered. The Treasury issued...
Anticipating potential problems that taxpayers and merchant may confront in the near future, as a result of the state of emergency caused by COVID-19, the Treasury issued several publications to adopt the following cash flow relief measures or benefits: Please note that the Administrative Determination Number...
On March 18, 2020, the Puerto Rico Treasury Department (“Treasury”) issued the Administrative Determination 20-08 (“Determination”) to temporarily exempt certain items acquired by natural persons from sales and use tax due to the COVID-19 emergency. This exemption will be valid from March 20, 2020, until...
Due to the COVID-19 emergency, on March 18, 2020, the Puerto Rico Treasury Department (“Treasury”) issued the Administrative Determination 20-07 (“Determination”) to temporarily exempt certain items acquired by natural persons from sales and use tax. This exemption will be valid from March 23, 2020, until...
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...
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...
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. ...
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...
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...
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...