At Galíndez LLC, our success is built through hard work, dedication, and, fundamentally, the relationships we foster within our team. This year, our annual Thanksgiving Day Bash at Casa Istella in Cup...
As a leading accounting firm in Puerto Rico, Galíndez LLC, with team member that boast over 30 years of experience in the industry, never misses an opportunity to share its expertise with the future o...
Millions of small-business owners, including those in U.S. Territories like Puerto Rico, are impacted by the Jan. 1, 2025 deadline for beneficial ownership information (BOI) reporting under the Corpor...
Just as alluring as a cherry red lollipop can seem to a young child, the extremely sensitive information collected by healthcare organizations is to the cybercriminal world. Social security numbers, p...
Strong leadership is more critical than ever in today’s rapidly evolving business landscape. To address this need, Galíndez LLC, in partnership with our WINGS team, recently hosted a series of t...
Galíndez LLC recently hosted a successful Soft Skills Seminar at the Vivo Beach Club’s Aquamarine Lounge. This engaging event focused on enhancing the soft skills of our entire team, which is es...
In accounting, the work can often be as demanding as the tax returns or audits themselves. Long hours, tight deadlines, and the constant pressure to deliver accurate results can take a toll on physica...
Galíndez LLC recently participated in the HFMA Annual Healthcare Update 2024, a premier event hosted by the Healthcare Financial Management Association. This full-day convention was held on Thursday, ...
At Galíndez LLC, our furry friends add a special touch to our work-life balance. More than just companions, our team’s pets bring joy and laughter and contribute to our individual well-being. St...
Get ready to cheer on your favorite accounting team as Galíndez LLC returns to the court for the CPA Basketball Tournament! Join us for a few weeks of friendly competition and energetic games as we fa...
Puerto Rico’s top financial professionals gathered to participate in the Colegio de Contadores Públicos y Autorizados de Puerto Rico (CCPA) 2024 annual convention, “Unifying Generations,&#...
Julio Galíndez, Partner at Galíndez LLC, is excited to announce his participation as a speaker at the upcoming HFMA Annual Healthcare Update. The event will take place on September 19, 2024, from 7:30...
Galíndez LLC is committed to making a positive impact on our community. This year, as part of United Way of Puerto Rico’s “Regala un Día” initiative, our firm dedicated time and reso...
Closing out a very active month, Galíndez LLC participated in the XIII CPA Lawyers Conference, held on May 30 and 31, 2024, at the Hotel Royal Sonesta in Isla Verde. The event, organized by the Puerto...
At Galíndez LLC, we believe in balancing hard work with time for relaxation and recharging. That’s why we recently held our annual End of Busy Tax Season party, a much-needed celebration after m...
May is full of activity after the busy tax season. Among the highlights is the annual Puerto Rico Accounting Week, during which we celebrate and acknowledge the tiresome efforts of our financial indus...
The healthcare system in Puerto Rico has been enduring challenges for some time, including funding issues, hospital financial dilemmas, and an increasing shortage of trained healthcare workers. The co...
The Puerto Rico Chamber of Commerce held its “Innovation Expo,” which addressed the issue of Puerto Rican migration to the United States while presenting options for local business leaders...
Some of the unsung heroes of the business world are the administrative assistants who represent us day in and day out. That’s why Galíndez treated their administrative team to a sumptuous lunch ...
The Comité de Capítulos Universitarios del Colegio de CPA de PR recently held the 16th edition of its Accounting Students Convention, and Galíndez LLC was present to enjoy the event. Held at the Emba...
Galíndez LLC participated in the 2024 Puerto Rico Chamber of Commerce Health Insurance Conference held at the Sheraton Puerto Rico Resort & Casino, an event that brought together experts from the ...
Galíndez LLC continues to pioneer the needs of our island’s healthcare systems with its latest contributions to El Nuevo Día’s first “Punto de Encuentro” (Meeting Point) series...
There is busy. Then, there are CPAs during tax season. This time can be incredibly hectic for these professionals as they try to reach strict deadlines while providing top-quality customer support. CP...
As International Women’s Day approaches, Galíndez LLC takes a moment to reflect on the invaluable contributions of the women within our team. In an industry traditionally dominated by men, our f...
Galíndez LLC sprinted to the finish line at the 2024 Colegio de Contadores Públicos Asociados de Puerto Rico “Uniendo Generaciones” 5K, where over 450 runners laced up to support Adopt Now...
Galíndez LLC continues its commitment to education and professional development with its latest seminar aimed at preparing financial professionals for the upcoming tax season. Hosted by the Northern C...
Galíndez LLC made a strong presence at the annual Health Industry Summit hosted by Industrials of Puerto Rico. Held at the Puerto Rico Convention Center, this event provided an invaluable opportunity ...
The Galíndez LLC team, led by Partner Kenneth Rivera and joined by Partner Iris Otero, recently enjoyed a half day seminar at Hyatt Place Hotel in San Juan, sharing valuable important updates of Benef...
Galíndez was thrilled to participate in the second edition of the Tax Bowl hosted by the Puerto Rico Society of Certified Public Accountants (CCPAPR). The event brought together 11 teams from various ...
In the ever-evolving field of healthcare, consulting has become a vital component for organizations striving to navigate complex financial challenges and regulatory landscapes. When it comes to choosi...
Galíndez, LLC recently hosted an insightful press conference to unveil its latest research study conducted in collaboration with Estudios Técnicos, Inc (ETI). Partner and healthcare expert Julio Galín...
Our tax department recently immersed in a full-day seminar at the Hyatt Place Hotel in San Juan, delving into crucial updates on various tax forms. The event featured three key presentations: Individu...
Galíndez LLC kicked off the 2024 seminar series with its first in-house seminar at Chavales Restaurant Banquet Hall. Led by Partner Kenneth Rivera, CPA, Esq., Senior Tax Manager Yelitza Net Ferrer, CP...
Galíndez LLC proudly announces significant leadership changes, effective January 1st, 2024. Rafael “Rafi” Nieves, CPA, assumes the role of Managing Partner, marking a pivotal moment in the...
Amidst the lush green hills of Naranjito, Galindez LLC recently hosted its annual holiday celebration at Asador San Miguel, a venue nestled in nature’s embrace. The festivities were nothing shor...
At Galindez LLC, the holiday season is more than just a time of celebration; it’s a celebration of our vibrant team culture and shared camaraderie. Our office was buzzing with festive cheer and ...
The recently concluded 2023 PRASFAA Convention was a great success. It included a platform to fortify educational security and uphold the foundations of our future. Galíndez LLC, invited by our esteem...
Galindez LLC had the honor of having a representation at the 2023 PRASFAA Convention, commemorating the 50th Anniversary of the Puerto Rico Association of Student Financial Aid Administrators. The eve...
At Galindez LLC, the spirit of Thanksgiving extends beyond a traditional meal—it’s a celebration of gratitude, unity, and remarkable growth. Our team recently gathered at the picturesque Zafra d...
Last Wednesday, November 15, 2023, at the Puerto Rico Chapter of the HFMA event, Galindez LLC’s managing principal, Julio Galindez, spearheaded a significant session on Hospital Facility Valuati...
In a demonstration of unwavering support for the fight against breast cancer, Galíndez LLC actively participated in #PinkDay, organized by the Susan G. Komen Foundation. Our firm took a stand on this ...
Galindez recently hosted a comprehensive full-day seminar at the Aloft Hotel in the Convention Center District. The seminar comprised two vital segments. The first, an ethics discussion, led by our Ta...
At Galindez LLC, we recognize that our most valuable asset is our dedicated team. Their well-being and health are paramount to our success, so we recently hosted a week-long health fair dedicated to t...
At Galíndez LLC, we are proud that the honor of being recognized as CPA of the year by the Puerto Rico Society of Certified Public Accountants (CCPA) falls to our Tax Partner, Iris N. Otero, CPA, Esq....
Galíndez LLC proudly announces the debut of our very own basketball team. Joining a distinctive league of CPA firms, we’ve stepped onto the court to channel our athletic prowess and rejuvenate f...
Galíndez LLC achieves yet another milestone with a highly successful in-house seminar! Geared primarily toward our tax team and involving select auditors, this seminar centered around the complex real...
At Galindez LLC, we understand that a productive and enjoyable work environment is the cornerstone of success. This belief has driven us to create the WINGS team, an engagement initiative dedicated to...
On July 20th, Galindez LLC had the immense pleasure of receiving the young and talented Olympic hopeful Oscar Birriel at our firm headquarters in San Juan. As part of our ongoing commitment to support...
The CPA Youth Committee of the Puerto Rico Society of CPAs (CCPA) hosted an exciting Accounting Bowl on June 2nd, 2023. Four teams representing the top accounting firms in Puerto Rico, including our o...
The height of the tax season is a period of maximum productivity in a financial year for CPAs and accountants, but it can also be quite stressful. Our team is no exception to the hectic nature of this...
For the past few years, Galindez LLC has proudly been part of Nexia, a global network of Accounting and Consulting Firms. The 2023 North America Regional Conference, held at the San Juan Marriott Reso...
Galindez LLC recently celebrated Administrative Professionals Day with an unforgettable event at Vin’us Bar and Restaurant on May 2nd. This special day is dedicated to recognizing the hard work ...
As we close out the fiery first quarter of the tax season, Galíndez LLC hosted a refreshing Piragua Day for their industrious team. Oversight invited the experts of Piragua Premia to bring their shave...
The Galíndez LLC oversight treated their staff to a special COFFEE DAY with the visit of barista Miguel Febles and his team who delighted us with the outstanding local coffee, Don Tello. It was a grea...
El Nuevo Día recently reported on the condition of the healthcare industry on the island, highlighting the situation of local hospitals. Under the title “The Alarming Status of the Hospital Indu...
On February 24, 2023, Galíndez LLC was present at the Puerto Rico Manufacturers Association 2023 Health Industry Summit held at the Royal Sonesta Hotel. This year’s event had the goal to provide...
The College of Certified Public Accountants of Puerto Rico (CCAPR) held its first Tax Bowl on February 9th, 2023. Galíndez sent an excellent representation of our Tax Department that competed with som...
On February 9th, 2023 Galindez LLC’s Tax Partners Kenneth Rivera and Levi Villegas will take part in the Webinar: Tax Aspects of the Telecommunications Industry. Hosted by the College of Certifi...
Puerto Rico is known for being one of the most spirited celebrants of the holidays. Galíndez LLC supports that legacy by maintaining a merry disposition throughout the month of December. Recently we c...
Galíndez LLC’s team came together to learn and laugh for the annual Thanksgiving lunch. Celebrated at the well known La Casona Restaurant in San Juan, the event started with an intriguing traini...
On Saturday, November 12th, the Interamerican University of Puerto Rico, Ponce Campus, was host and sponsor to the Audit Seminar of the Committee of University Chapters of the College of Certified Pub...
October 9th marked another great memory for the Galíndez LLC team. As both participants and volunteers at the 16th edition of Susan G. Komen® Puerto Rico’s Race for the Cure® (RFTC), our group u...
As firm advocates for community involvement and joining in the fight against breast cancer in Puerto Rico, Galindez LLC is proud to invite all our team members and clients to the 16th edition of Susan...
It is with great pride that Galindez LLC announces that our own Leví Villegas, CPA, Tax Partner at the firm, has been selected as the official representative for the Caribbean and Mexico at Nexia Inte...
Galindez LLC’s professionals have contributed to a number of important tax and audit forums hosted by the Puerto Rico College of Certified Public Accountants. Recently they participated in a spe...
With the busiest part of the 2022 tax season behind us, Galíndez LLC’s team took a moment together to recharge our batteries and spend some quality time. Hosted by La Cueva del Mar in Guaynabo, ...
The Puerto Rico Chamber of Commerce (PRCC) is celebrating its 2022 annual convention with the theme “GROW – Network – Learn – Succeed”. Perfectly aligned with this import...
Do you know about the revised due dates for the 2021 Tax Season? Your trusted team of Tax Consultants at Galíndez LLC wishes to share some updated information for state and federal returns and payment...
Your trusted team of Tax Consultants at Galíndez LLC wishes to share some updated information. The Puerto Rico Treasury Department issued an important change regarding the filing dates for the 2021 Ta...
Galindez LLC’s commitment to excellence for all our clients, including the corporate and banking arena, was recently highlighted in Caribbean Business through a wonderful exposé that showcases o...
As we quickly approach Tax Day 2022, Galíndez LLC’s own Tax Partner Leví Villegas shared some valuable insights for taxpayers regarding the variety of tax credits that can be applied to this yea...
On January 1st, 2022 our firm announced our new corporate identity: Galindez LLC. With much excitement, we start the new year focused on taking our core values and proven reputation to new horizons in...
On January 1st, 2022 our firm announced its new corporate identity. With much excitement, we start the new year focused on taking our core values and proven reputation to new horizons in the financial...
Your trusted team of Tax Consultants at Galíndez LLC wishes to share some updated information. The Treasury Department issued Internal Revenue Bulletin 21-08 which changes the filing dates for sales a...
The debt adjustment plan for Puerto Rico has been a hot topic in the recent weeks. El Vocero, a local publication consulted with various experts in the private sector to get their thoughts on the situ...
Every day, five women are diagnosed with breast cancer in Puerto Rico. 39 years ago the Susan G. Komen Organization was launched to start a fight against this dreaded disease. Today, its global impact...
The Sarbanes-Oxley Act of 2002 (SOX) was enacted to improve corporate governance and financial reporting following a series of high-profile accounting scandals. While primarily targeting public compan...
The Sarbanes-Oxley Act of 2002 (SOX) remains a cornerstone of corporate governance and financial reporting. While primarily focused on public companies, its principles have had a significant impact on...
Galíndez, LLC is a proud member of Nexia International, a global network of independent accounting and consulting firms with a presence in over 122 countries. We are thrilled to share the news that ac...
The Sarbanes-Oxley Act has been around for years, and yet, the debate continues regarding the benefits versus drawbacks this piece of legislation has brought business owners and investors alike. After...
The financial services industry has undergone a dramatic transformation, driven by technological advancements and evolving customer expectations. While these innovations have opened up new opportuniti...
Cutting-edge technology has continued to penetrate healthcare systems and that trend is certainly not slowing down. Software, such as electronic medical records (EMR), and hardware, such as medical de...
In today’s interwoven world, every minute can make a difference in either preventing an incident or responding to an event that affects a country’s critical infrastructure. The U.S. Department ...
As part of the Economic Pulse section of the monthly edition of their magazine Hospitales, The Puerto Rico Hospital Association highlighted Galíndez’s participation in a key forum of the 2020 An...
Sarbanes-Oxley Act of 2002, often simply called SOX or Sarbox, is a U.S. law aimed at protecting investors from fraudulent or erroneous accounting practices by corporations or other business entities....
The Sarbanes-Oxley Act of 2002 mandates companies to complete yearly audits and make those results easily available to any shareholders. Companies hire independent auditors, like Galíndez LLC to compl...
The past few years have been marked by rapid technological advancements and evolving threat landscapes. The COVID-19 pandemic accelerated the shift to remote work, creating new opportunities for cyber...
Through our international partnership, Galíndez, LLC, Together Business Consulting, and other Nexia International firms around the globe work hard to close this unusual year on a note of positive grow...
There is no doubt that these are times of rapid changes in fluctuating global markets. Regardless of the type of industry, size, or even geographic location, organizations are facing unprecedented cha...
Crime is an ever-present danger that millions face around the globe. But most of us are not highly vulnerable to being mugged or having our car hijacked at any given moment. However, there is an ever-...
As the year 2020 gets ever nearer to its conclusion, there is no doubt that to this date, it has changed history books, not just locally, but worldwide. Caribbean Business recently highlighted the wor...
A cyber attack is a deliberate assault launched by cybercriminals using one or more computers against single or multiple computers or networks. A cyber attack can maliciously disable computers, steal ...
With cybersecurity becoming front-page news, business owners are finding the need to create new strategies to protect their assets and foment a cyber-safe culture in the workplace. There is no need to...
Recent years have seen a relentless surge in data security incidents, with high-profile breaches becoming increasingly common. In 2023, a massive data breach at a major retailer exposed the personal i...
Galindez, LLC Partner and Tax Expert Kenneth Rivera shares with El Nuevo Día readers his insights on new economic and legislative changes taking place in light of the new scenario brought on by COVID-...
The Puerto Rico Treasury Department has recently announced new incentives for the private sector through a new round of Paycheck Protection Program (PPP) loans for small businesses, providing more tha...
Just like a home needs to take into account a variety of elements to ensure there are clear safety measures taken for the protection of those who live inside its walls, securing your data involves imp...
November 2019 marked the start of an unprecedented international health phenomenon, with devastating economic and social impact seen and felt around the globe. In Puerto Rico, the COVID-19 pandemic hi...
On August 8, 2020, President Trump signed a Presidential Memorandum (“the Memo”) authorizing employers to defer withholding and payment of a portion of their employees’ Social Security taxes (6.2%) if...
Wondering if your IT infrastructure is secure? You may need to consider an IT security audit, which can provide invaluable information about your security controls. Risk management audits force us to ...
The knowledge gained through an Information Security Risk Assessment can help guide businesses in Puerto Rico in making rational decisions to improve security posture and align risk with acceptable to...
Galindez, LLC Partner and Tax Expert Kenneth Rivera shares with El Nuevo Día readers his insights on new economic and legislative changes taking place in light of the new scenario brought on by COVID-...
Your trusted team of advisors at Galíndez, LLC wants to keep you informed about the latest changes in local and federal regulations, programs, and incentives. That’s why today we are sharing the new ...
Thanks to the incredible amount of clients we’ve had the honor of assisting, our team of consultants has practically become experts on the matter of the novel PPP Program. Fortunately for clients, you...
As the list of PPP recipients grows, so does the agencies’ need for auditing across all industries. Since the first round of funding was depleted so quickly, and many large businesses were approved fo...
With the new changes signed into law last Friday, June 5th, and the release issued on Monday, June 8th, there are new and important updates to PPP that your organization needs to know. Here’s a ...
If you need any help navigating these programs, your trusted team of advisors at Galíndez LLC is ready to provide assistance: info@galindez.com....
As stated by the Executive Order issued by the Governor of Puerto Rico, professional activities such as those performed by certified public accountants firms will be allowed to resume in the workplace...
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 ...
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-1...
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...
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...
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 a...
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 practi...
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 ag...
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 con...
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 ...
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 Tre...
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 m...
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...
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 SUR...
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...
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 Prog...
On December 30, 2019, the PRTD issued Internal Revenue Circular Letter 18-21, to notify the applicable limits to qualified retirement plans for tax year 2019. Please contact us for additional informat...
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 ...
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 Adver...
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 ...
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...
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 f...
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 organizat...
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 aime...
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...
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...
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 u...
On December 10, 2018, Act 257 (“Act 257-2018”) was enacted to incorporate several amendments to the PR Code. The Act is effective as of its approval date, unless the same Act provides otherwise. On Ma...
Recognizing that a large number of taxpayers have not been able to obtain all the required information to submit the application of the employee retention benefit and that such federal funds are vital...
The Puerto Rico Treasury Department (“PRTD”) issued Internal Revenue Circular Letter Number 19-10 (“IRCC 19-10”) on April 4, 2019 to: Notify the new form and describe the filing procedure for the new ...
Another important partnership we have is with “Fondos Unidos de Puerto Rico”. For more than 50 years, this private organization has been dedicated to promoting well-being among the community. It aims ...
The 2017 Tax Cuts and Jobs Act (the “TCJA”) incorporated in the United States Internal Revenue Code of 1986, as amended (the “IRC”) the concept of Opportunity Zones (the “OP Zones”). If a person reali...
A Special Announcement to all our Esteemed Clients: We are extremely excited to announce that Galíndez, LLC is now part of Nexia International. Nexia International is the ninth largest global network ...
On September the 21st, 2017, life for all Puerto Ricans was forever changed as Hurricane Maria made landfall. As soon as the calm settled, Galíndez, LLC sprang into action. After making sure all our s...
Social commitment is very important to Galíndez LLC, a core value we hold dearly. We are always looking for this type of initiative to contribute and serve the community with a legitimate interest. An...
Music is one of the most fabulous expressions of the human being because it manages to transmit different sensations that other forms of art may not. Music is a complex system of sounds, melodies, and...
Education is a significant part in a person’s life. Every day, a student is grappled with the big question after high school: what college will I go to? The answer isn’t always simple, but getting org...
At Galindez, LLC we are proud to support the community, foster corporate accountability and promote social responsibility. It is our duty to inspire our group of employees to help out. Assisting our c...
Galíndez, LLC is a proud supporter of our community, and on this occasion we are giving back to the world of youth sports in Puerto Rico, to build an international powerhouse. We are proud to sponsor ...
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 ...
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, 4...
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...
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 jurid...
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”).  ...
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 r...
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 paym...
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...
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 Puert...
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, pleas...
* Certain requirements and conditions apply. Please see below for more information. ** Portal was supposed to be available as of June 1, 2018; however, it is not operational yet. We understand it shal...
The Treasury Department (the “Department”) issued Administrative Determination No. 18-07 (the “Determination”). The Determination basically discusses two items. First, it extends the automatic extensi...
Treasury issued Administrative Determination 18-05 (“Determination”), which provides how individuals will claim any losses suffered as consequence of Hurricane María. The determination is aimed at ind...
On March 1, 2018, the Treasury issued Informative Bulletin 18-08 (“the Bulletin”) with the purpose of extending the due date for the Informative Returns (Declarations) for the 2017 tax year, until Mar...
On February 12, 2018, the Supreme Court of Puerto Rico published their most recent tax case, Demeter International v. Secretario de Hacienda, 2018 TSPR 21. In summary, the Puerto Rico Department of Tr...
The Treasury issued on January 30, 2018, the Internal Revenue Circular Letter No. 18-01 to establish the procedures and documents required to claim the deduction of mortgage interest paid or accumulat...
On January 30, 2018, the Puerto Rico Treasury Department (“Treasury”) issued Internal Revenue Informative Bulletins 18-04, 18-05 and 18-06 to announce the release of the Spanish version of the followi...