Protegemos el bienestar económico de nuestro pueblo
Edif. Capital Center, Torre I
239 Ave. Arterial Hostos, Suite 1401
San Juan, PR 00918‐1400
Línea Directa Servicio al Colegiado
(CISEC) 787‐622‐0900
Tel. 787‐754‐1950 Fax 787‐753‐0212
www.colegiocpa.com
Junta de Gobierno 2008-2009
COMITE EJECUTIVO
Presidente
Presidente Electo
Ex Presidente Inmediato
Primer Vicepresidente
Segundo Vicepresidente
Tesorero
Sub Tesorero
Secretaria
Sub Secretario
Directora Ejecutiva
CPA Rafael Del Valle Vega
CPA Miguel A. Torres Díaz
CPA Agnes B. Suárez
CPA Diego Robles
CPA Denisse Flores
CPA Kermit Lucena
CPA Aníbal Jover
CPA Aixa González
CPA Luis Zayas
CPA Edna I. Jiménez
DIRECTORES
CPA Carmen Candelaria
CPA Etienne Durand
CPA Roberto Luciano
CPA Rosana López
CPA Harry Márquez
CPA Nelly Vázquez
CPA Javier A. Hernández Scimeca
PRESIDENTES DE CAPITULOS
Capítulo Área Norte
CPA Antonio Pérez López
Capítulo de Bayamón
CPA Rafael García Warner
Capítulo de Caguas
CPA Víctor Falcón Dávila
Capítulo de Mayagüez
CPA Rosa N. Vélez Cancel
Capítulo de Ponce
CPA Félix Renta Estrada
Capítulo de Río Piedras
CPA Miguel Fonseca
Capítulo de San Juan
CPA Georjan Oquendo
REPRESENTANTE AICPA
CPA Jerry De Córdova
MISION
Servir al colegiado y promover su excelencia profesional
Reminder for All Months
Volume of Business
Business commencing operations in a municipality—Within 30 days following the
commencement of its operations, the business should request from the director of Finance of
the municipality on which it commenced operations a provisional license to operate tax-free
for the first semester.
Sales and use tax
• Application for Certificate of Registration - 30 days prior to commencement of
operations in Puerto Rico, the business should file an application for a Certificate of
Registration for Business (“Solicitud de Certificado de Registro de Comerciantes y
Certificado de Exención”).
• Filing of PR Sales Tax Return – The Sales Tax Return and the corresponding tax is due:
(a) on or before the 20th day of the month following the close of the calendar month in
which the sales tax was collected or the use tax imposed for the months of January,
February and March 2009, and (b) on or before the 10th day of the month following the
close of the calendar month in which the sales tax was collected or the use tax imposed
for the months of April 2009 and thereafter.
Businesses with a volume of business in excess of $500,000 must file the return and pay
the tax electronically.
Excise Tax on Construction
Constructions in a municipality—Excise tax is imposed by the different municipalities for the
construction of works and demolition of buildings.
• Any employer whose aggregate federal tax deposit (including FICA, FUTA, income tax
withholding on wages, and corporate income taxes) exceeds $200,000 during any
calendar year after a one-year grace period is required to deposit all federal taxes using
EFTPS. Once this requirement is met, the usage of EFTPS must continue even if federal
tax deposits decrease in future years below the threshold amount. To enroll in EFTPS, a
taxpayer must fill out an enrollment form (Form 9779) , and send it to the address in the
instructions. The IRS will send instructions and a personal identification number to
begin making payments. It will take approximately two (2) weeks to enroll in EFTPS.
Enrollment forms may be obtained by calling either 1-800-555-4477 or 1-800-945-8400,
or visit the EFTPS Web site, www.eftps.gov.
• Deposits of $100,000 liability or more are due the next banking day.
PR Income Tax Deposits for Withholding on Wages, Form 499-R-1 A
The tax withheld is due on or before the 15th day of the month following the close of the
calendar month in which the tax was withheld.
Holidays
For tax payments and filings due on holidays, if any, it is advisable to consider that the
government of Puerto Rico or any of its instrumentalities may consider such day as a
working day or half working day. Therefore, we recommend compliance with the
applicable tax payments or filings requirements at such date and no delay in the payment
or filings for the next working day.
Property Tax
Buildings under construction or machinery and equipment under installation—Within 30 days
of commencement of construction or within 30 days of receipt of machinery and equipment a
property tax exemption should be requested from the Municipal Revenue Collection Center.
FICA Deposits on Form 8109 or Electronic Federal Tax Payment System (EFTPS)
Depositors are classified as either monthly or semiweekly depositors. This is determined
annually, based on the employer’s employment tax reporting history during a 12-month
lookback period ending on June 30 of the preceding year.
• Monthly depositor—If the total liability is $50,000 or less during the lookback period,
the deposit must be made on or before the 15th day of the following month.
• Semimonthly depositor—If the total liability during the lookback period is greater than
$50,000 and the payroll period date is Saturday, Sunday, Monday, or Tuesday, the
deposit must be made on or before the following Friday. If the payroll period date is
Wednesday, Thursday, or Friday, then the deposit must be made on or before the
following Wednesday.
Withholding of Income Tax at Source on Payments for Services Rendered in Puerto
Rico
Corporations or partnerships that are current in their tax responsibilities will be subject to a
three percent (3%) withholding of tax at source on services rendered. Individuals who are
current in their tax responsibilities will be subject to a seven percent (7%) withholding on
services rendered.
Exceptions
• Services rendered by individuals and corporations or partnerships during the first three
(3) years of the commencement of their services activity.
• The first one thousand five hundred ($1,500) dollars paid during the calendar year to the
person who rendered the service.
• Corporations or partnerships reflecting a net operating loss on their income tax return or
that are required by Code Section 1018(c) to include audited financial statements with
the income tax return.
Tax Event Description
January 2009
1
• Personal and real property assessment day
13
• Form SC 2225—When applicable, bonded importers, hoteliers, and manufacturers of petroleum products excise tax monthly return - prior month
• Form 480.9A—Deposit of income tax withheld from services rendered—prior month
15
• Form TSCH-1—Quarterly payment chauffeurs’ social security
• Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions, interest on bank deposits or certificates of deposits, interest on
individual retirement accounts (IRA) and penalties on IRA—prior month
• Form 480.31—Deposit income tax withheld from nonresidents—prior month— if in excess of $200
• Form 480-E-1—Fourth installment individual estimated income tax (calendar year 2008)
• Deposit special 10 percent tax withheld on capital investment fund distributions—prior month
• Municipal volume of business tax—second semester payment 2008–2009 (taxpayers paying in two installments—not claiming discount)
• Form 1040 ES- Fourth Installment U.S. Individual estimated income tax - Calendar year 2008.
20
• Filing of the PR sales and use tax return -prior month
• Form FSE-693—2008–2009 Second semester—Workmen’s Compensation State Insurance Fund
January
SUN
MON
TUE
WED
THU
FRI
SAT
1
2
3
7
8
9
10
13
14
15
16
17
20
21
22
23
24
27
28
29
New Year’s Day
4
5
6
Three Kings’ Day
11
12
Eugenio Maria de
Hostos Birthday
18
19
Martin Luther
King’s Birthday
25
26
30
31
Línea Directa Servicio al Colegiado: 787.622.0900
Tel: 787.754.1950 * Fax: 787.753.0212 * www.colegiocpa.com
Tax Event Description
2
February 2009
• Form 499R-1B—Employer’s quarterly return of income tax withheld (Quarter October – December 2008)
• Form 499-R-2/W-2PR—Submit 2008 tax forms to employees and bureau of processing of tax returns. Employers must use magnetic media reporting if required to file 5
or more forms. (See Publication 05-01 (Magnetic Media Reporting Requirements for Tax Year 2005))
• Form 499-R-3—2008 annual conciliation statement of income tax withheld
• Form 940PR—Federal unemployment annual return for 2008
• Form 941PR—FICA quarterly return. Payment with return if less than $2,500 (Quarter October – December 2008)
• Form 8109 or EFTPS—Deposit FUTA if at prior month undeposited amount exceeds $100
• Form PR-UI-10 and PR-UI-10A—Puerto Rico Unemployment Insurance and Puerto Rico Disability Benefits—(Quarter October – December 2008)
• Form 480.7A—Informative return on mortgage interest received
• Domestic insurers request for premium tax exemption from the Commissioner of Insurance
• Concessionaires Quarterly Report for personal property leasing companies (Quarter October – December 2008)
10
• Form 940PR—Extended due date FUTA if all deposits were made on time
• Form 941PR – Extended due date FICA if all deposits were made on time
• Form SC 2225—When applicable, bonded importers, and manufacturers of petroleum products jewelry excise tax monthly return—prior month
• Form 480.9A—Deposit of income tax withheld from services rendered—prior month
17
20
•
Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions, interest on bank deposits or certificates of deposits,
interest on individual retirement accounts (IRA) and penalties on IRA—prior month
•
Form 480.31—Deposit income tax withheld from nonresidents—prior month—if in excess of $200
•
Deposit special 10 percent tax withheld on capital investment fund distributions—prior month
• Filing of PR sales and use tax monthly return –prior month
• Payment of the sales and use tax - prior month
February
SUN
MON
TUE
WED
THU
FRI
SAT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
24
25
26
27
28
George Washington
Luis Muñoz Marín
Birthday
22
23
Línea Directa Servicio al Colegiado: 787.622.0900
Tel: 787.754.1950 * Fax: 787.753.0212 * www.colegiocpa.com
Tax Event Description
2
March 2009
• Form 480.5—Summary of informative returns 480.6A, 480.6B, and 480.7. Form 480.5 must be filed for each class of informative return—Calendar year 2008. Payers or
withholding agents with five(5) or more informative returns must use Magnetic Media Reporting. (See Publication 05-02). Forms 480.30, 480.6A, 480.6B, 480.6 B1,
480.6C, 480.7, 480.7A, and 480.7B must also be filed by magnetic media.
• Form 480.6A—Informative return of income not subject to withholding—Calendar year 2008.
• Form 480.6B—Informative return—Income subject to withholding (services rendered, dividends from corporations, partnership profits distributions, dividends from
industrial development, commissions, rents, premiums, annuities, and interests except IRA)—Calendar year 2008.
• Form 480.6B.1—Annual reconciliation statement of the withholding at source on payments for services rendered, indemnification, dividends, partnership distributions
and interest income except IRA—Calendar year 2008
• Form 480.7—Informative return of contributions, withdrawals, refunds, and penalties on individual retirement accounts—Calendar year 2008
• Form W-3PR—Annual reconciliation statement of FICA tax withheld (transmittal of withholding statements Forms 499-R-2/W-2PR)—Calendar year 2008
• Annual informative return on tax withheld by the capital investment fund on distributions of industrial development income—Calendar year 2008
• Notification to shareholders of 2008 exempt dividend distributions received by the capital investment fund from exempt business—Calendar year 2008
10
• Form SC 2225—When applicable, bonded importers, and manufacturers of petroleum products excise tax monthly return—prior month
• Form 480.9A—Deposit of income tax withheld from services rendered—prior month
16
• Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions, interest on bank deposits or certificates of deposits, interest on individual
retirement accounts (IRA) and penalties on IRA—prior month
• Form 480.9A—Remittance of distributive share of special partnerships income to its partners who are nonresident aliens, foreign estates, trusts, corporations, and
partnerships. Calendar year 2008. May request a 30-days extension to file
• Form 480.31—Deposit income tax withheld from nonresidents—prior month if in excess of $200
• Form 1120—U.S. corporation income tax return—2008 Calendar year taxpayers—may request a six-month extension to file using Form 7004
• Deposit 10 percent tax withheld on capital investment fund distributions—prior month
20
• Filing of PR sales and use tax monthly return –prior month
• Payment of the sales and use tax - prior month
31
• Form 480.6SE—Informative return to partners of special partnership. Calendar year 2008. May request a 30-day extension to file using Form SC 2644.1
• Form 480.6CI—Informative return to shareholders of corporation of individuals. Calendar year 2008. May request a 30-days extension to file using Form SC 2644.1
• Capital investment fund must transfer 75 percent of net income derived from non risk activities to the Secretary of the Treasury-Calendar year 2008.
• Form OCS PRT-8-74 – Premium Tax Return-Calendar year 2008
March
SUN
MON
TUE
WED
THU
FRI
SAT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Abolition Day
29
30
31
Línea Directa Servicio al Colegiado: 787.622.0900
Tel: 787.754.1950 * Fax: 787.753.0212 * www.colegiocpa.com
Tax Event Description
13
15
• Form SC 2225—When applicable, bonded importers and manufacturers of petroleum products excise tax monthly return—prior month
• Form 480.9A—Deposit of income tax withheld from services rendered—prior month
•
•
•
•
•
•
•
Form 1040—United States Individual Income Tax Return—Calendar year 2008—may request a four-month extension to file using Form 4868
Form 1040 ES—First installment U.S. individual estimated income tax—Calendar year 2009
Form 1065—United States Partnership Return of Income—Calendar year 2007—may request a three-month extension to file using Form 8736
Form 8109 or EFTPS—Deposit the first installment of U.S. corporate estimated income tax—Calendar year taxpayers—year 2009
Annual Corporation Report (domestic and foreign corporations) year 2008—may request a 90-day extension of time to file
Form AS 2640.1- Last day to make an election by a corporation or partnership to be considered as corporation owned by individuals for the 2009 calendar year
Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions, interest on bank deposits or certificates of deposits, interest on individual retirement accounts (IRA) and penalties on
IRA—prior month
Form 480.9A—Deposit of the first installment of income tax withheld on estimated net share income of a special partnership to resident individuals, estates and trusts or nonresident U.S. citizens and domestics or
foreign corporations or partnerships, and distributable profit to stockholders of a corporation of individuals (Calendar year 2009)
Form 480.9A—Extended due date for remittance of distributive share of special partnership’s income to its partners who are nonresident aliens, foreign estates, trusts, corporations or partnerships. Calendar year 2008
Form 480.10-(E); 480.10; 480.20; 480.20(I); 480.30(II); 480.40(D); 480.40(F); 480.70(OE); 480.80; 481 and 482—Special Partnerships, Partnerships, Corporations, Corporation of Individuals, Industrial Incentives
Business(Tax Exempt), Domestic Life Insurance Companies, Foreign Life Insurance Companies, Annual Return of Organization Exempt from Income Tax, Fiduciary and Individual Income Tax Returns (Short and
Long forms)—Calendar year 2008
Form AS 2644—Individuals, Corporations, partnerships, special partnerships and corporation of individuals PR income tax returns - calendar year 2008—may request a 90-days extension. Section 936 corporations may
request extension until the 15th day of the ninth month after year-end. Individuals may request a 30-days extension
Form 480.5—Summary of informative returns 480.6C—Calendar year 2008 – Payers or withholding agents with five or more informative returns to submit, must use magnetic media reporting. Refer to Publication 0502 (Informative Returns Magnetic Media Reporting Requirements for tax Year 2005). Forms 480.30, 480.6A, 480.6B, 480.6B1, 480.6C, 480.7, 480.7A, and 480.7B must also be filed by magnetic media.
Form 480.30—Nonresident annual return for income tax withheld at source—Calendar year 2008
Form 480.31 Deposit Income Tax withheld from non residents—prior month if in excess of $200
Form 480.6C Informative return of income subject to withholding—nonresidents
Form 480.30-A—Annual return of tollgate tax
Form 480-E and 480-E-1—Declaration and first installment estimated income tax—corporations and individuals—Calendar year taxpayers—year 2009
Form AS 2650—Request for extension of time to file the Estimated Tax Declaration
Form 480-E-3 and 480-E-3A—Declaration and first installment estimated tollgate tax—Calendar year taxpayers—year 2009
Form AS 2879—Branch Profits tax form—Calendar year 2008. Should be included in the Branch’s PR Income Tax Return
Form TSCH-1—Quarterly payment Chauffeur’s Social Security
Annual return on special tax withheld on Capital Investment Fund distributions—Calendar year 2008
Deposit special 10 percent tax withheld on Capital Investment Fund distributions—prior month
Payment of any insufficiency on the prepayment of tollgate tax for calendar year 2008 with the income tax return (Form 480.30II) or with the request for extension (Form AS 2644)
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
20
21
23
30
April 2009
• Filing of the PR sales and used tax and payment of the corresponding tax if required to file electronically – prior month
• Form FSE-693—2008–2009 Second semester—Workmen’s Compensation State Insurance Fund
• Filing of the PR sales and use tax monthly return –prior month, if not required to file electronically
• Payment of the sales and use tax - prior month, if not required to pay electronically
• Form OCAM PA-O1—Volume of business declaration 2009-10—may request a 6-month extension of time to file (payment with 5 percent discount)
•
•
•
•
•
Concessionaires Quarterly Report for personal property leasing companies (Quarter January-March 2009)
Form 499-R-1B—Employer’s quarterly return of income tax withheld (Quarter January – March 2009)
Form 941PR—FICA quarterly return. Payment with return if less than $2,500 (Quarter January – March 2009)
Form 8109 or EFTPS—Deposit FUTA if at prior month undeposit amount exceeds $100
Form PR-UI-10 and PR-UI-10A—Puerto Rico Unemployment Insurance and Puerto Rico Disability Benefits—(Quarter January – March 2009)
April
SUN
MON
5
TUE
6
WED
7
THU
FRI
SAT
1
2
3
4
8
9
10
11
Good Friday
12
13
14
15
16
17
18
19
20
21
22
23
24
25
28
29
30
José de Diego’s Birthday
26
27
Línea Directa Servicio al Colegiado: 787.622.0900
Tel: 787.754.1950 * Fax: 787.753.0212 * www.colegiocpa.com
Tax Event Description
10
11
May 2009
• Filing of PR sales and use tax monthly return and payment of the corresponding tax, if required to file electronically-prior month
• Form SC 2225—When applicable, bonded importers and manufacturers of petroleum products excise tax monthly return—prior month
• Form 480.9A—Deposit of income tax withheld from services rendered—prior month
• Form 941PR – Extended due date FICA if all deposits were made on time.
• Filing of the PR sales and use tax monthly return –prior month, if not required to file electronically
• Payment of the sales and use tax - prior month, if not required to pay electronically
15
•
Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions, interest on bank deposits or Certificates of Deposits, interest on Individual
Retirement Accounts (IRA) and penalties on IRA—prior month
•
Form 480.31—Deposit income tax withheld from nonresidents—prior month if in excess of $200
•
Form AS 29-1—2008 Personal Property tax return—Corporations may request a 90-day extension of time to file. Taxpayers other than Corporations may request a
30-day extension.
•
Form 481.0 or 482.0—2008 P.R. individual income tax return extended due date—30 days. Additional 60-day extension may be requested
•
Form 480.80—2006 Fiduciary Income Tax Return (Estate or Trust) extended due date—30 days. Additional 60-day extension may be requested.
•
Deposit special 10 percent tax withheld on Capital Investment Fund distributions—prior month
•
Exempt Corporations Annual Report—Calendar year 2008—For calendar years corporations—Due date is 30 days after filing the income tax return
May
SUN
MON
TUE
WED
THU
FRI
SAT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Mother’s Day
Memorial Day
31
Línea Directa Servicio al Colegiado: 787.622.0900
Tel: 787.754.1950 * Fax: 787.753.0212 * www.colegiocpa.com
Tax Event Description
10
June 2009
• Form SC 2225—When applicable, bonded importers and manufacturers of petroleum products excise tax monthly return—prior month
• 480.9A—Deposit of income tax withheld from services rendered—prior month
• Filing of PR sales and use tax monthly return –prior month
• Payment of the sales and use tax - prior month
15
• Form AS 29.1—2008 Personal Property Tax Return extended due date for taxpayers other than Corporations—30 days. Additional 60-day extension may be requested
using Form AS-313673.
• Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions, interest on bank deposits or Certificates of Deposits, interest on Individual
Retirement Accounts (IRA) and penalties on IRA—prior month
• Form 480.9A—Deposit of the second installment of income tax withheld on estimated net income of a Special Partnership to resident individuals, estates and trust or
nonresident U.S. citizens and domestic or foreign resident corporations or partnerships; and distributable profit to stockholders of a corporation of individuals (Calendar
year 2009)
• Form 480.31—Deposit income tax withheld from nonresidents—prior month if in excess of $200
• Form 480-E-1—Second installment estimated income tax—corporations, partnerships, and individuals—Calendar year taxpayers—year 2009
• Form 480-E-3A—Second installment estimated tollgate tax—Calendar year taxpayers—year 2009
• Form 8109 or EFTPS—Deposit the second installment of U.S. corporate estimated income tax—Calendar year taxpayers—year 2009
• Form 1040 ES—Second installment U.S. individual estimated income tax (Calendar year 2009)
• Deposit special 10 percent tax withheld on Capital Investment Fund distributions—prior month
June
SUN
MON
TUE
WED
THU
FRI
SAT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
Father’s Day
28
29
30
Línea Directa Servicio al Colegiado: 787.622.0900
Tel: 787.754.1950 * Fax: 787.753.0212 * www.colegiocpa.com
Tax Event Description
10
July 2009
• Form SC 2225—When applicable, bonded importers and manufacturers of petroleum products excise tax monthly return—prior month
• Form 480.9A—Deposit income tax withheld from services rendered—prior month
• Filing of PR sales and use tax monthly return –prior month
• Payment of the sales and use tax - prior month
14
• Annual Corporation Report – extended due date (90 days)
• Corporations (not covered by IRC Section 936), partnerships, special partnerships, domestic life insurance companies, foreign life insurance companies, corporation of individuals Puerto Rico
income tax return and fiduciary – Calendar year 2008 – (extended due date 90 days)
• Form 481.0 or 482.0—2007 Puerto Rico Individual income tax return—(additional extension of 60 days)
15
• Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions, interest on bank deposits or Certificates of Deposits, interest on Individual Retirement Accounts
(IRA) and penalties on IRA—prior month
• Form 480.31—Deposit income tax withheld from nonresidents—prior month if in excess of $200
• Form 480.60.1—Information return regarding investment requirements under 1978 Industrial Incentive Act—Calendar year 2008
• Form TSCH-1—Quarterly payment Chauffeurs’ Social Security
• Deposit special 10 percent tax withheld on Capital Investment Fund distributions—prior month
• Municipal volume of business tax—first semester payment 2009–2010 (Taxpayers paying in two installments—not claiming discount)
21
• Form FSE 693—Workmen’s Compensation Insurance—annual payroll declaration. Shall pay 50 percent of the estimated amount
• Concessionaires Quantity Report for personal property leasing companies (Quarter April-June 2009)
31
• Form 499R-1B—Employer’s quarterly return of income tax withheld (Quarter April – June 2009)
• Form 941PR—FICA quarterly return. Payment with return if less than $2,500 (Quarter April – June 2009)
• Form 8109 or EFTPS—Deposit FUTA if at prior month undeposit amount exceeds $100
• Form PR-UI-10 and PR-UI-10A—Puerto Rico Unemployment Insurance and Puerto Rico Disability Benefits (Quarter April – June 2009)
July
SUN
MON
TUE
WED
THU
1
FRI
2
SAT
3
4
Independence Day
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Luis Muñoz Rivera’s
Birthday
26
27
Constitution Day
28
29
30
31
José C. Barbosa’s
Birthday
Línea Directa Servicio al Colegiado: 787.622.0900
Tel: 787.754.1950 * Fax: 787.753.0212 * www.colegiocpa.com
Tax Event Description
10
August 2009
• Form SC 2225—When applicable, bonded importers, manufacturers of petroleum products excise tax monthly return—prior month
• Form 480.9A—Deposit income tax withheld from services rendered—prior month
• Abandoned or Unclaimed Money and other Liquid Assets Annual Report
• Form 941PR – Extended due date FICA if all deposits were made on time
• Filing of PR sales and use tax monthly return –prior month
• Payment of the sales and use tax - prior month
13
• Form AS 29-I—2008 Personal Property Tax Return extended due date (90 days)
• Exempt Corporation Annual Report. For income tax returns filed on extended due date July 14, 2009
17
• Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions, interest on bank deposits or Certificates of Deposits, interest on Individual
Retirement Accounts (IRA) and penalties on IRA—prior month
• Form 480.31—Deposit income tax withheld from nonresidents—prior month if in excess of $200
• Deposit special 10 percent tax withheld on capital investment fund distributions—prior month
August
SUN
MON
TUE
WED
THU
FRI
SAT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Línea Directa Servicio al Colegiado: 787.622.0900
Tel: 787.754.1950 * Fax: 787.753.0212 * www.colegiocpa.com
Tax Event Description
10
September 2009
• Form SC 2225—When applicable, bonded importers and manufacturers of petroleum products excise tax monthly return—prior month
• Form 480.9A—Deposit income tax withheld from services rendered—prior month
• Filing of PR sales and use tax monthly return –prior month
• Payment of the sales and use tax - prior month
15
• Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions, interest on bank deposits or Certificates of Deposits, interest on Individual
Retirement Accounts (IRA) and penalties on IRA—prior month
• Form 480.9A—Deposit of the third installment of income tax withheld on estimated distributable share of income of Special Partnership to resident individuals, estates
and trust or nonresident U.S. citizens and domestic or foreign resident corporations or partnerships; and distributable profit to stockholders of a corporation of individuals
(Calendar year 2009)
• Form 480.31 Deposit Income Tax withheld from nonresidents—prior month if in excess of $200
• Form 480-E-1—Third installment estimated income tax—corporations, partnerships and individuals—Calendar year taxpayers—year 2009
• Form 480-E-3A—Third installment estimated tollgate tax—Calendar year taxpayers—year 2009
• Form 8109 or EFTPS—Deposit the third installment of U.S. corporate estimated income tax—Calendar year taxpayers—year 2009
• Form 1040 ES, Third installment of U.S. individual estimated income tax (Calendar year 2009)
• 936 Corporation—P.R. income tax return—Calendar year 2008—extended due date
• Deposit special 10 percent tax withheld on Capital Investment Fund distributions—prior month
• Form 1120—Extended due date for filing (6 months)—Calendar year taxpayers—Calendar year 2008
• Commencement of the renewal process of licenses at the PR Treasury Department
September
SUN
MON
TUE
WED
1
THU
2
FRI
3
SAT
4
5
Convención del Colegio de CPA
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Labor Day
Línea Directa Servicio al Colegiado: 787.622.0900
Tel: 787.754.1950 * Fax: 787.753.0212 * www.colegiocpa.com
Tax Event Description
1
• License fees are payable for the full year to which they correspond, not later than the first day of October of each year.
10
• Filing of PR sales and use tax return and payment of the corresponding tax, if required to file electronically –prior month
13
October 2009
• Form SC 2225—When applicable, bonded importers and manufacturers of petroleum products excise tax monthly return—prior month
• Form 480.9A—Deposit income tax withheld from services rendered—prior month
• Filing of PR sales and use tax monthly return –prior month, if not required to file electronically
• Payment of the sales and use tax - prior month, if not required to file electronically
15
•
Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions, interest on bank deposits or Certificates of Deposits, interest on
Individual Retirement Accounts (IRA) and penalties on IRA—prior month
•
Form 480.31—Deposit income tax withheld from nonresidents—prior month—if in excess of $200
•
Form OCAM PA-O1—Volume of business declaration 2009-10—six-month extension of time to file if granted in April
•
Form TSCH-1—Quarterly payment Chauffeurs’ Social Security
•
Deposit special 10 percent tax withheld on Capital Investment Fund distributions—prior month
October
SUN
MON
TUE
WED
THU
FRI
SAT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Columbus Day
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Línea Directa Servicio al Colegiado: 787.622.0900
Tel: 787.754.1950 * Fax: 787.753.0212 * www.colegiocpa.com
Tax Event Description
2
November 2009
• Form 499R-1B—Employer’s quarterly return of income tax withheld (Quarter July – September 2009)
• Form 941PR—FICA quarterly return. Payment with return if less than $2,500 (Quarter July – September 2009)
• Form 8109 or EFTPS—Deposit FUTA if at prior month undeposit amount exceeds $100
• Form PR-UI-10 and PR-UI-10A—Puerto Rico Unemployment Insurance and Puerto Rico Disability Benefits—(Quarter July – September 2009)
• Concessionaires Quarterly Report for personal property leasing companies (Quarter July – September 2009)
10
• Form SC 2225—When applicable, bonded importers and manufacturers of petroleum products excise tax monthly return—prior month
• Form 480.9A—Deposit income tax withheld from services rendered—prior month
• Form 941PR – Extended due date FICA if all deposits were made on time
• Filing of PR sales and use tax monthly return –prior month
• Payment of the sales and use tax - prior month
16
• Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions, interest on bank deposits or Certificates of Deposits, interest on Individual
Retirement Accounts (IRA) and penalties on IRA—prior month
• Form 480.31—Deposit income tax withheld from nonresidents—prior month if in excess $200
• Deposit special 10 percent tax withheld on Capital Investment Fund distributions—prior month
November
SUN
MON
TUE
WED
THU
FRI
SAT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
19
20
21
27
28
Veteran’s Day
15
16
17
18
Discovery of Puerto
Rico Day
22
23
24
25
26
Thanksgiving Day
29
30
Línea Directa Servicio al Colegiado: 787.622.0900
Tel: 787.754.1950 * Fax: 787.753.0212 * www.colegiocpa.com
Tax Event Description
10
December 2009
• Form SC 2225—When applicable, bonded importers and manufacturers of petroleum products excise tax monthly return—prior month
• Form 480.9A—Deposit income tax withheld from services rendered—prior month
• Filing of PR sales and use tax monthly return –prior month
• Payment of the sales and use tax- prior month
15
• Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions, interest on bank deposits or Certificates of Deposits, interest on Individual
Retirement Accounts (IRA) and penalties on IRA—prior month
• Form 480.9A—Deposit of the fourth and last installment of income tax withheld on estimated distributable share of income of a Special Partnership to resident
individuals, estates and trust or nonresident U.S. citizens and domestic or foreign resident corporations or partnerships; and distributable profit to stockholders of a
corporation of individuals (Calendar year 2009)
• Form 480.31—Deposit income tax withheld from nonresidents—prior month if in excess of $200
• Form 480-E-1—Fourth and last installment estimated income tax—Corporations—Calendar year taxpayers—year 2009
• Form 480-E-3A—Fourth and last installment estimated tollgate tax—Calendar year taxpayers—year 2009
• Form 8109 or EFTPS—Deposit the fourth installment of U.S. corporate estimated income tax - Calendar year taxpayers—year 2009
• Deposit special 10 percent tax withheld on Capital Investment Fund distributions—prior month
• Last day for payment of Christmas Bonus
December
SUN
MON
TUE
WED
THU
FRI
SAT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Christmas Day
27
28
29
30
31
Línea Directa Servicio al Colegiado: 787.622.0900
Tel: 787.754.1950 * Fax: 787.753.0212 * www.colegiocpa.com
General Information
on Recurring Tax and Other Reports
Report
Filing
Description
Payroll Taxes
Social Security (FICA) and Hospital
Insurance (Medicare)—Form 941PR
U.S. Internal Revenue Service Center,
Philadelphia, PA 19255. Due dates for each,
April 30, July 31, October 31, and January 31.
Deposit rules may be different
The rate remains at 7.65 percent for employer and employee. 6.20 percent accounts for Old Age, Survivors,
and Disability (OASDI) and 1.45 percent for Medicare. The OASDI wage base for 2009 is $106,800. There is
no limit on the amount of earnings subject to the Medicare portion of the tax. Self-employed taxpayers are
subject to the total 15.3 percent tax rate.
FICA Deposits—Form 8109 or Electronic
Federal Tax Payment System (EFTPS)
Authorized Financial Institution using Form
8109 if not required to use EFTPS.
Tax liability of less than $2,500—Payment should be made with Form 941 PR. Tax liability of more than
$2,500 but less than $50,000—during the lookback period, the deposit must be made on or before the 15th
day of the following month (monthly depositor). If total liability is greater than $50,000 and the payroll
period date is Saturday, Sunday, Monday, or Tuesday, then a deposit must be made on or before the following
Friday. If the payroll period date is Wednesday, Thursday, or Friday, then a deposit must be made on or
before the following Wednesday (semiweekly depositor). FICA deposits of $100,000 or more are due the next
banking day.
EFTPS requirements: Any employer whose aggregate tax deposits in 2005 was more than $200,000 or was
required to use EFTPS in 2005 is required to deposit all depository taxes (including FUTA and corporate
income taxes) for 2006 using the EFTPS. To enroll in EFTPS, a taxpayer must call 1-800-555-4477 or 1-800945-8400 or visit the EFTPS Web site www.eftps.gov
Puerto Rico Employer Quarterly Return of
Income Tax Withheld—Form 499 R.1-B
Puerto Rico Treasury Department.
Reports Income Tax withheld to employees in each quarter.
Puerto Rico income tax withholding on wages
deposits—Form 499 R.1-A
Puerto Rico Treasury Department
PO Box 9022501 San Juan, PR 00902-2501.
The rules for deposit of the income tax withheld on wages are similar to the Internal Revenue Service’s
deposit rules for the deposit of FICA and federal income tax withholding. If the amount of taxes deposited
and/or informed to the Puerto Rico Treasury Department (PRTD) by an employer was less than $50,000
during the “lookback period” of July 1, 2003 to June 30, 2004, the employer will be a monthly depositor and
the tax withheld will be due the 15th day of the next month. If the amount deposited during the “lookback
period” was $50,000 or more, then the employer will be a semiweekly depositor. If the payroll date is a
Saturday, Sunday, Monday or Tuesday, the deposit of the tax withheld must be made on or before the
following Friday. If the payroll date is Wednesday, Thursday, or Friday, then the deposit must be made on or
before the following Wednesday. For employers whose withholding amount during an entire quarter is $500
or less, it will not be required to make monthly deposits, instead, they could make the payment of the tax due
with the quarterly return. Deposits of $100,000 or more must be deposited the next banking day.
Federal Unemployment Tax (FUTA)—Form
940PR
U.S. Internal Revenue Service Center,
Philadelphia, PA 19255. Calendar year form
due January 31.
The FUTA rate for 2009 is .8 percent after 5.4 percent credit for PR unemployment tax on the first $7,000 of
wages paid to an employee each calendar year.
FUTA Deposits—Form 8109 or EFTPS
Authorized Financial Institution, using Form
8109 if not required to use EFTPS.
FUTA deposits must be made by the last day of the first month after the end of each calendar quarter if tax
exceeds $100. EFTPS would also apply to those taxpayers depositing FICA through EFTPS. See EFTPS
requirements above.
Workmen’s Accident and Compensation
Insurance—Form FSE-693
PR State Insurance Fund Annual Declaration
due July 20.
Rates vary according to occupation.
PO Box 9022501 San Juan, PR 00902-2501.
Due dates for each: April 30, July 31,
October 31, and January 31.
General Information
on Recurring Tax and Other Reports
Report
Filing
Description
Payroll Taxes
Chauffeur’s Social Security Form—TSCH-1
PR Department of Labor, Bureau of Chauffeurs’
Social Security. Quarterly installments April 15,
July 15, October 15, and January 15.
Tax amounts to 80¢ per week per driver. 50¢ driver’s contribution and 30¢ employer. Accounts for
disability tax.
PR Unemployment and Disability
Contribution Report—Form PR-UI-10 and
Form PRUI-10A.
PR Department of Labor, Bureau of Employment
Security. Quarterly installments due. April 30, July
31, October 31, and January 31
Disability tax rate is .6 percent on first $9,000 of wages. Employer and employee contribute 50 percent
each. A private plan may substitute it. Maximum unemployment tax rate is 5.4 percent on first $7,000 of
wages contributed by employer. Unemployment tax rate is based on an experience rating system plus a
special contribution.
Form 499-2/W-2PR
PR Department of the Treasury on its applicable due
date
For calendar year 2008, every employer or withholding agent required to file 15 or more withholding
statements or informative returns would be required to use one of the following methods:
Forms 480.5, 480.6A, 460.6B, 480.6C, 480.7,
and 480.7A
• If required to file less than 250 withholding statements or informative returns, the applicable copy
must be filed via electronic transfer using the computer program develop by the PR Department of
the Treasury. The program can be accessed through the Internet at www.hacienda.gobierno.pr.
• If more than 250 informative returns will be filed, a taxpayer must generate a diskette, compact disk,
cartridge or magnetic media following the instructions provided by the booklet issued by PR
Department of the Treasury to that purpose. (Publications 05-01)
Doing Business
Corporations Annual Report—Standard form
for domestic or foreign corporations.
PR Department of State, Corporations Division, PO
Box 9023271, San Juan PR 00902-3271. Due April
15. May request a 90-day extension. Filing fee $100.
Must include a $100 PR Internal Revenue Voucher. A PR corporation must include an audited balance
sheet as of the last closing date certified by a PR-licensed CPA if total gross volume of business exceeds
$1,000,000. Foreign corporations must include balance sheet certified by a PR-licensed CPA without
considering the volume of business.
Exempt Corporations Annual Report
Industrial Tax Exemption Office, PR Industrial
Development Building and to Treasury Department.
File 30 days after Income Tax return is filed. Filing
fee $300.
A certified check or money order covering the $300 filing fee must accompany the original informative
return. A copy must be filed with the PR Secretary of Treasury.
Municipal Volume of Business Declaration—
Form OCAM PA 01
Director of Finance of Municipalities where business
was conducted during prior calendar year.
Declaration and payment with 5 percent discount
due on or before five working days after April 15
(maximum six-month extension available).
Installments payments without discount due on
July 15 and January 15.
Declare Volume of Business in each municipality if it exceeds $5,000. Include financial statements
certified by a PR-licensed CPA if volume of business exceeds $1,000,000 for taxable years commenced
prior to August 1, 2008, or $3,000,000 for taxable years commenced after July 31, 2008. 5 percent tax
discount allowed if paid on or before five working days after April 15.
If volume of business is less than $1,000,000 or $3,000,000 as applicable, must include copy of the pages
or schedules in which the items of gross income are itemized in the income tax return.
General Information
on Recurring Tax and Other Reports
Report
Filing
Description
Personal Property Tax Return–Form
AS 29-I
Municipal Revenue Collection Center. Due on
May 15. In the case of taxpayer other than
corporations, a 30-day automatic extension is
available for filing (Form AS 30I), with an
option of an additional extension of 60 days
(Form AS-313673). Corporations are entitled
to an automatic 90-day extension (Form AS
30I). Tax must be paid by original due date
with a 5 percent discount.
Must include certified financial statements certified by a PR-licensed CPA when volume of business
exceeds $1,000,000 for taxable years commenced prior to August 1, 2008, or $3,000,000 for taxable years
commerced after July 31, 2008. In addition, if taxpayer’s year-end is not a calendar year, it must also
include a trial balance as of December 31.
Estimated Tax Declaration—Form 480-E
Estimated Payment of Tollgate Tax
Declaration—Form 480-E-3 (Rules for filing
the estimated tax on corporations must be
followed)
Declaration and first installment are due on the
15th day of the fourth month after year-end.
The second, third, and fourth installment are
due on the 15th day of the sixth, ninth, and
twelfth months, respectively. For individuals
the Declaration and first installment are due on
the 15th day of the fourth month after year-end.
The second, third, and fourth installment are
due on the 15th day of the sixth and ninth
months and first month of the next year,
respectively. File with the Internal Revenue
Collector’s Office. Installments may be paid at
several designated banking institutions.
At least 90 percent of the final total tax must be paid in these four equal installments, unless estimated tax is
based on prior year’s actual tax. Branch profit tax need not be considered.
Income Tax Return of:
Corporations—Form 480.20
Partnerships—Form 480.10
Industrial Incentives (Tax Exempt)—
Form 480.30(II)
Special Partnerships—Form 480.10(E)
Corporation of Individuals—
Form 480.20(I)
Domestic Life Insurance Co.—
Form 480.40(D)
Foreign Life Insurance Co.—
Form 480.40(F)
Annual Return of Exempt Organization—
Form 480.70 (OE)
Fiduciary—Form 480.80
PR Department of Treasury, Bureau of Income
Tax. Due the 15th day of the fourth month after
tax year-end. A 90-day extension request
available (Form AS 2644) for filing, but not for
making tax payment. Extensions for Section
936 Corporations until the 15th day of the ninth
month after year-end. Extensions for
individuals and fiduciaries—automatic
extension of 30 days and an additional 60-day
extension may be requested.
Certified financial statements by a PR-licensed CPA must accompany the returns if volume of business
exceeds $1,000,000 for taxable years commenced prior to August 1, 2008, or $3,000,000 for taxable years
commenced after July 31, 2008 In the case of special partnerships and corporations of individuals this
threshold amount is $500,000.
Income Taxes
General Information
on Recurring Tax and Other Reports
Report
Filing
Description
U.S. Corporation Income Tax Return
Foreign—Form 1120F
Domestic—Form 1120
Form 1120 with the corresponding IRS
office depending on the place where the
corporation’s principal business, office, or
agency is located. Section 936 corporations
must file with the Internal Revenue Service
Center, Philadelphia, PA 19255-0012. Form
1120F with the Internal Revenue Service
Center, Philadelphia, PA 19255-0012. Due
as follows: Foreign corporations—15th of
the sixth month after year-end if no office is
maintained in the United States. A threemonth extension is available by filing Form
7004. Domestic and foreign with office in
the United States—15th day of the third
month after year-end. Six-month extension
available by filing Form 7004.
Tax must be paid through estimated tax deposits in four equal installments due on the 15th day of the
fourth, sixth, ninth, and twelfth months of the year if greater than $500. Use Form 8109. EFTPS
would also apply to those taxpayers already depositing FICA through EFTPS.
U.S. Individual Income Tax Return—
Form 1040
Form 1040 should be filed with the Internal
Revenue Service Center, Philadelphia, PA
19255-0215 and is due the 15th day of the
fourth month after year-end. A four-month
extension is available by filing Form 4868.
An additional extension may be obtained by
filing Form 2688.
U.S. Return of Partnership Income—
Form 1065
With the corresponding IRS office
depending on the place where the
corporation’s principal office is located. Due
by the 15th day of the fourth month after
year-end. A three-month extension is
available by filing Form 8736. An additional
extension may be obtained by filing Form
8800.
A partnership does not pay tax on its Income but passes through profits and losses to its partners
using Schedule K-1 (Form 1065). Schedule K-1 must be furnished to each partner by the date Form
1065 is due, including extensions.
Payment Voucher of Tax Withheld—
Form 480.9 A
Puerto Rico Treasury Department. Deposit
due the 15th day of the fourth, sixth, ninth,
and twelfth months.
Estimated Income Tax Withheld on Distributable profits to stockholders of corporation of individuals
and Estimated Net Income of Special Partnership distributable to Resident Individuals, Estates, Trust,
or Nonresidents U.S. citizens and to domestic on foreign Corporations or Partnership.
Note: This payment voucher also served to deposit the income tax withheld from judicial or
extrajudicial indemnification. However, the deposit rules that apply to this payment are the rules set
forth for the withholding and deposit of income tax withheld of wages.
Abandoned Property
Abandoned or unclaimed money and other
liquid assets
Sums of money or other liquid assets, having an aggregate value greater than $1 that are presumed
abandoned or unclaimed.
General Information
on Recurring Tax and Other Reports
Report
Filing
Description
Puerto Rico Treasury Department;
participating financial institutions, via
phone, electronically
(www.hacienda.gobierno.pr) or via
mail at:
Departamento de Hacienda
Planilla Mensual IVU
PO Box 9024140
San Juan, PR 00902-4140
Certain businesses are required to file
the return electronically.
The tax collected must be deposited on the 20th day of the month following the month in
which it was collected (for the tax collected in January, February, and March 2009); or
on the 10th day of the month following the month in which it was collected (for the tax
collected in April 2009 and thereafter)
At the corresponding municipality
In some instances a municipal sales tax return may be required to be filed.
Puerto Rico Treasury Department;
electronically at
www.hacienda.gobierno.pr/ivu ;
the District Service Center, collectors
offices (colecturías) ;
or via mail at:
Departamento de Hacienda
Planilla Anual IVU
PO Box 50066
San Juan, PR 00902-6266
On or before the 15th day of the third month following the close of the taxable year.
Every person registered as merchant (comerciante) must file the return.
At the corresponding municipality
Some municipalities may require the filing of an annual return.
Sales an Use Tax
Monthly Return:
(1) Form (Modelo) SC 2915
(2) Municipal Return
Annual Return:
(1) Form (Modelo) SC 2935
(2) Municipal Return
Directorio de Servicios al Colegiado
Días Feriados 2009
Día de Año Nuevo
enero 1, jueves
Día después de Año Nuevo^
enero 2, viernes
Día antes de Reyes^
enero 5, lunes
Día de Reyes
enero 6, martes
Natalicio Eugenio M. de Hostos
enero 12, lunes
Natalicio Martin Luther King**
enero 19, lunes
Educación Continuada, Cuotas,
Natalicio George Washington**
febrero 16, lunes
Plan Médico, Seguros, Ofertas,
Abolición de la Esclavitud**
marzo 22, domingo
Convención, Cambio de dirección
Viernes Santo
abril 10, viernes
Natalicio José de Diego**
Servicio al Colegiado
Teléfono(787)
Correo Electrónico
Centro de Información de
622-0900
cisec@colegiocpa.com
Asesor Contributivo
622-0904
rcarazo@colegiocpa.com
abril 20, lunes
Asesor Técnico
622-0903
rrosario@colegiocpa.com
Día de la Recordación
mayo 25, lunes
Asesor Recursos Humanos
622-0902
jnater@colegiocpa.com
Independencia de EE.UU
julio 4, sábado
Excelencia Profesional
622-0906
mlaboy@colegiocpa.com
Natalicio Luis Muñoz Rivera
julio 20, lunes
Secretaria Excelencia Profesional
622-0905
jgarcia@colegiocpa.com
Constitución ELA de Puerto Rico
julio 25, sábado
Revisión de Bitácora
622-0907
jgarcia@colegiocpa.com
Natalicio José Celso Barbosa
julio 27, lunes
Educación Continuada
622-0910
educon@colegiocpa.com
Día del Trabajo
septiembre 7, lunes
Administrador de Sistemas
622-0947
privera@colegiocpa.com
Descubrimiento de América
octubre 12, lunes
Capítulos
622-0948
irizarry@colegiocpa.com
Día del Veterano**
noviembre 11, miércoles
Comités
622-0912
kitzia@colegiocpa.com
Descubrimiento de Puerto Rico
noviembre 19, jueves
“El CPA”, Comunicaciones
622-0945
acestero@colegiocpa.com
Día de Acción de Gracias
noviembre 26, jueves
“Ultima Hora”, Auspicios
622-0946
maviles@colegiocpa.com
Día después de Acción de Gracias ^
noviembre 27, viernes
“Tu Colegio te Visita”
754-1950 x.274 isepulveda@colegiocpa.com
Noche Buena ^
diciembre 24, jueves
Estampillas y Recepción
754-1950
Día de Navidad
diciembre 25, viernes
Día antes de Año Nuevo ^
diciembre 31, jueves
Oficina de la Junta de Gobierno
622-0950
Directora Ejecutiva
622-0950
________________________________________
**Durante estos días el Colegio abrirá en su horario
regular de 8:00a.m. a 5:00 p.m.
^Exclusivos del Colegio
Servicio al Colegiado(CISEC)
carmencita@colegiocpa.com