News

27 Apr What You Need To Know About the ‘Economic Injury Disaster Loan’ versus ‘Paycheck Protection Program’

Posted at 09:56h in News

Your team of consultants at Galíndez, LLC is proud to provide up-to-date, practical information on the Economic Injury Disaster Loans (EIDL) and Paycheck Protection Program (PPP) as economic stimulus measures following the COVID-19 pandemic. CLICK HERE TO DOWNLOAD PDF (ENGLISH) CLICK HERE TO DOWNLOAD PDF (ESPAÑOL) If you...

31 Mar New Extended Due Dates for 2019 Tax Returns as Result of the COVID-19 Emergency

Posted at 19:44h in News

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...

31 Mar Other Cash Flow Related Measures Adopted by the Puerto Rico Treasury Department

Posted at 15:00h in News

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...

31 Mar Sales and Use Tax Exemption on Prepared Foods

Posted at 12:00h in News

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...

30 Mar Sales and Use Tax Exemption on Basic Essential Products

Posted at 10:00h in News

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...

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...