No Applicability of Penalties, Fines, Interests or Surcharges for Transactions Related to the Additional Taxes Integrated to 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 taxes were due during the period from December 10, 2018 to February 28, 2019. Please note it will apply if the taxpayer completes the corresponding transaction in SURI no later than February 28, 2019.

“Phase 2 Transactions” includes the following: (i) taxes withheld at source, including the filing of the Withholding Statements and Informative Returns; (ii) estate and gift taxes and; (iii) excise taxes, alcoholic beverage taxes and licenses.  Accordingly, the above-mentioned waiver will not apply to any sales and use tax transaction lately filed or paid during the above-mentioned period.

Any taxpayer in compliance with the provisions of this bulletin who receives a notification of interest, surcharges, fines or penalties shall visit the PRTD to request the elimination of such additions.



This post is part of Galíndez Infoms | Issue 1.


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