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
Tax Event Description
1
• Personal and real property assessment day
10
• Form AS2915.1- Filing of the PR sales and use tax and payment of the corresponding tax.
January 2012
• 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.
17
• Form TSCH-1—Quarterly payment chauffeurs’ social security
• Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions (for partnerships that elected to be taxed as corporations), 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 2011)
• Deposit special 10 percent tax withheld on capital investment fund distributions—prior month
• Municipal volume of business tax—second semester payment 2011–2012 (taxpayers paying in two installments—not claiming discount)
• Form 1040 ES- Fourth Installment U.S. Individual estimated income tax - calendar year 2011.
• Form 499R-1- Deposit of income tax withheld on wages - prior month, if the employer is a monthly depositor.
31
• Concessionaries Quarterly Report for personal property leasing companies (Quarter October- December 2011)
• Form 499R-1B—Employer’s quarterly return of income tax withheld (Quarter October – December 2011)
• Form 499-R-2/W-2PR—Submit 2011 tax forms to employees and bureau of processing of tax returns. Employers must file the form with the PR Treasury Department via
electronic tranfer.(See Publication 11-03 (Electronic Filing Requirements for Tax Year 2011)
• Form 499-R-3—2011 Annual Reconciliation Statement of Income Tax Withheld
• Form 940PR—Federal unemployment annual return for 2011
• Form 941PR—FICA quarterly return (Quarter October – December 2011). Payment with return if less than $2,500
• Deposit FUTA utilizing EFTPS (Electronics Federal Tax Payment System) for prior quarter (October-December 2011), if FUTA tax liability exceeds $500.
• Form PR-UI-10 and PR-UI-10A—Puerto Rico Unemployment Insurance and Puerto Rico Disability Benefits—(Quarter October – December 2011)
• Form 480.7A—Informative return on mortgage interest received
• Domestic insurers request for premium tax exemption from the Commissioner of Insurance
Tax Event Description
10
February 2012
• 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
• Filing of PR sales and use tax monthly return and payment of the corresponding tax –prior month
15
28
•
Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions (that elected to be taxed as corporations), 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
•
Form 499R-1- Deposit of income tax withheld on wages - prior month, if the employer is a monthly depositor.
• 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 2011. Payers or
withholding agents with three (3) or more informative returns must use Electronic Filing. (See Publication 11-05). 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 2011.
• 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 2011.
• 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 2011
• Form 480.7—Informative return of contributions, withdrawals, refunds, and penalties on individual retirement accounts—calendar year 2011
• Form 480.7B – Informative Return – Educational Contribution Account- calendar year 2011.
• Form W-3PR—Annual reconciliation statement of FICA tax withheld (transmittal of withholding statements Forms 499-R-2/W-2PR)—calendar year 2011
• Annual informative return on tax withheld by the capital investment fund on distributions of industrial development income, among others—calendar year 2011
Tax Event Description
10
12
March 2012
• Filing of the PR sales and use tax 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
• Filing of PR sales and use tax monthly return and payment of the corresponding tax if not required to file electronically–prior month
15
• Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions (for partnerships that elected to be taxed as corporations), 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 2011. 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—2011 Calendar year—may request a six-month extension to file using Form 7004
• Deposit 10 percent tax withheld on capital investment fund distributions—prior month
• Form 499R-1- Deposit of income tax withheld on salaries - prior month, if the employer is a monthly depositor.
• Form 480.1(E); 480.1S; 480.20(I)—Special Partnerships, Partnerships, Corporation of Individuals, and Informative Tax Return -calendar year 2011
• Form SC 2644—Individuals, Corporations, partnerships, special partnerships and corporation of individuals —calendar year taxpayers- may request an automatic 3
months extension to file their PR income tax return for taxable year 2011, using this form.
Tax Event Description
2
April 2012
• Form 480.6SE—Informative return to partners of special partnership. Calendar year 2011. 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 2011. May request a 30-days extension to file using Form SC 2644.1
• Capital investment fund must transfer to the Secretary of the Treasury 75 percent of net income derived from non risk activities in excess of the 30% allowed -Calendar year 2011.
• Form OCS PRT-8-74 – Premium Tax Return-Calendar year 2011
10
• Form AS2915- Filing of the PR sales and use tax and payment of the corresponding tax – 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
17
•
•
•
•
•
Form 1040—United States Individual Income Tax Return—Calendar year 2011—may request a six-month extension to file using Form 4868
Form 1040 ES—First installment U.S. individual estimated income tax—Calendar year 2012
Form 1065—United States Partnership Return of Income—Calendar year 2011—may request a five-month extension to file using Form 7004
EFTPS—Deposit the first installment of U.S. corporate estimated income tax—Calendar year taxpayers—year 2012
Annual Corporation Report (domestic and foreign corporations) year 2011 (required to be filed electronically)—may request an extension of time to file for a maximum of 90 days, 60 days initially plus an additional
extension of 30 days. Request for extension must be filed via Internet
• Form AS 2640- Last day to make an election by a corporation to be considered as corporation owned by individuals for the 2012 calendar year
• Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions (that elected to be taxed as corporations), 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 of the 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 2012)
• Form 480.9A—Extended due date for deposit of income tax withheld on distributive share of special partnership’s income to its partners who are nonresident aliens, foreign estates, trusts, corporations or partnerships.
Calendar year 2011
• Form 480.30(II); 480.40(D); 480.40(F); 480.70(OE); 480.80; 481 and 482—Corporations (including partnerships that elected to be taxed as corporation), 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 2011
• Form SC 2644—Individuals and Corporations—may request a 3 months extension to file their PR income tax returns for calendar year 2011using this form. Section 936 corporations may request extension until the 15th
day of the ninth month after year-end.
• Form 480.5—Summary of informative returns 480.6C—Calendar year 2011 – Payers or withholding agents with three (3) or more informative returns to submit, must use electronic filing reporting. Refer to Publication
11-03 (Informative Returns Magnetic Media Reporting Requirements for tax Year 2011). 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 2011
• 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—Annual return of tollgate tax
• Form 480-E-1—Payment of first installment estimated income tax—corporations and individuals—Calendar year taxpayers—year 2012
• Form 480-E-3 and 480-E-3A—Declaration and first installment estimated tollgate tax—Calendar year taxpayers—year 2012
• Form 499R-1- Deposit of income tax withheld on wages - prior month, if the employer is a monthly depositor.
• Form AS 2879—Branch Profits tax form—Calendar year 2011. 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 2011
• 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 2011 with the income tax return (Form 480.30II) or with the request for extension (Form AS 2644)
• If applicable, deposit of first installment of income tax withheld on estimated net share of the income of a partnership that did not elect to be taxed as a corporation, and has a calendar taxable year.
23
30
• Form OCAM PA-O1—Volume of business declaration 2012-13—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 2012)
Form 499-R-1B—Employer’s quarterly return of income tax withheld (Quarter January – March 2012)
Form 941PR—FICA quarterly return. Payment with return if less than $2,500 (Quarter January – March 2012)
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 2012)
Tax Event Description
10
May 2012
• Filing of PR sales and use tax monthly return and payment of the corresponding tax -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.
15
•
Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions (that elected to be taxed as corporations), 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—2012 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, and an additional extension of 60 days.
•
Deposit special 10 percent tax withheld on Capital Investment Fund distributions – prior month
•
Form 499R-1- Deposit of income tax withheld on wages - prior month, if the employer is a monthly depositor.
Tax Event Description
June 2012
10
• Filing of the PR sales and use tax and payment of the corresponding tax, if required to file electronically-prior month.
11
• 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 and payment of the corresponding tax , if not required to file electronically – prior month
14
• Annual Corporation Report – extended due date (60 days). Additional 30 days extension may be requested. Request must be filed via internet and the filing fee made also
via internet.
• Form AS 29.1—2012 Personal Property Tax Return extended due date for taxpayers other than Corporations—30 days. Additional 60-day extension may be requested
using Form (Modelo) AS-31
15
• Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions (that elected to be taxed as corporations), 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 2012)
• 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 2012
• Form 480-E-3A—Second installment estimated tollgate tax—Calendar year taxpayers—year 2012
• EFTPS—Deposit the second installment of U.S. corporate estimated income tax—Calendar year taxpayers—year 2012
• Form 1040 ES—Second installment U.S. individual estimated income tax (Calendar year 2012)
• Deposit special 10 percent tax withheld on Capital Investment Fund distributions—prior month
• If applicable, deposit of second installment of income tax withheld on estimated net share of the income of a partnership that did not elect to be taxed as a corporation, and
has a calendar taxable year.
• Form 499R-1- Deposit of income tax withheld on wages - prior month, if the employer is a monthly depositor.
Tax Event Description
10
July 2012
• Filing of PR sales and use tax monthly return and payment of the corresponding tax.
• 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
17
• Corporations (not covered by IRC Section 936), domestic life insurance companies, foreign life insurance companies, and Puerto Rico income tax return– Calendar year
2011 – (extended due date 3 months)
• Form 481.0 or 482.0—2011 Puerto Rico Individual income tax return—(extended due date – 3 months)
• Form 480.80 – 2011 Fiduciary Income Tax Return (Estate or Trust)
• Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions (that elected to be taxed as corporations), 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 2011
• 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 2012–2013 (Taxpayers paying in two installments—not claiming discount)
• Form 499R-1- Deposit of income tax withheld on wages - prior month, if the employer is a monthly depositor.
20
• Form FSE 693—Workmen’s Compensation Insurance—annual payroll declaration.
31
• Concessionaires Quarterly Report for personal property leasing companies (Quarter April-June 2012)
• Form 499R-1B—Employer’s quarterly return of income tax withheld (Quarter April – June 2012)
• Form 941PR—FICA quarterly return. Payment with return if less than $2,500 (Quarter April – June 2012)
• 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 2012)
Tax Event Description
10
August 2012
• 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 and payment of the corresponding tax- prior month
15
• Form AS 29-I—2010 Personal Property Tax Return extended due date (90 days)
• 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
• Form 499R-1- Deposit of income tax withheld on wages - prior month, if the employer is a monthly depositor.
Tax Event Description
10
September 2012
• 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 income tax withheld from services rendered—prior month
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 480.9A—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 (that elected to be taxed as corporations); and distributable profit to
stockholders of a corporation of individuals (Calendar year 2012)
• 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 2012
• Form 480-E-3A—Third installment of estimated tollgate tax—Calendar year taxpayers—year 2012
• EFTPS—Deposit the third installment of U.S. corporate estimated income tax—Calendar year taxpayers—year 2012
• Form 1040 ES, Third installment of U.S. individual estimated income tax (Calendar year 2012)
• 936 Corporation—P.R. income tax return—Calendar year 2011—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 2011
• If applicable, deposit of third installment of income tax withheld on estimated net share of the income of a partnership that did not elect to be taxed as a corporations, and
has a calendar taxable year.
• Form 1065 – Extended due date for filing partnership income tax return (5 months) – Calendar year partnerships – Calendar year 2011
• Form 499R-1- Deposit of income tax withheld on wages - prior month, if the employer is a monthly depositor.
Tax Event Description
10
October 2012
• Filing of PR sales and use tax return and payment of the corresponding tax –prior month
• 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
15
•
Form 499R-1- Deposit of income tax withheld on wages - prior month, if the employer is a monthly depositor.
•
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 TSCH-1—Quarterly payment Chauffeurs’ Social Security
•
Deposit special 10 percent tax withheld on Capital Investment Fund distributions—prior month
NOTE: Municipalities may indicate that the extension of time to file the volume of the business declaration is due on this date, instead of on the 23rd. It is suggested
that the due date be confirmed with the municipalities to avoid the imposition of penalties.
23
• Form OCAM PA-O1- Volume of business declaration 2012-13 – six month extension of time if granted in April
NOTE: Municipalities may indicate that the extension of time to file the volume of the business declaration is due on October 15, 2012, instead of on this date. It is
suggested that the due date be confirmed with the municipalities to avoid the imposition of penalties.
31
• Concessionaries Quarterly Report for personal property leasing companies (Quarter July – September 2012)
• Form 499R-1B—Employer’s quarterly return of income tax withheld (Quarter July – September 2012)
• Form 941PR—FICA quarterly return. Payment with return if less than $2,500 (Quarter July – September 2012)
• 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 2012)
Tax Event Description
November 2012
10
• Filing of the PR sales and use tax and payment of the corresponding tax, if required to file electronically-prior month.
13
• 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 and payment of the corresponding tax, if not required to file electronically –prior month
15
• Form 480.9—Deposit of income tax withheld at source on dividends, partnership distributions (that elected to be taxed as corporations), 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
• Form 499R-1- Deposit of income tax withheld on wages - prior month, if the employer is a monthly depositor.
Tax Event Description
10
December 2012
• Filing of PR sales and use tax return and payment of the corresponding tax–prior month
• 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
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 480.9A—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 2012)
• 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 2012
• Form 480-E-3A—Fourth and last installment estimated tollgate tax—Calendar year taxpayers—year 2012
• EFTPS—Deposit the fourth installment of U.S. corporate estimated income tax - Calendar year taxpayers—year 2012
• Deposit special 10 percent tax withheld on Capital Investment Fund distributions—prior month
• Last day for payment of Christmas Bonus
• If applicable, deposit of fourth installment of income tax withheld on estimated net share of the income of a partnership that did not elect to be taxed as a corporation, and
has a calendar taxable year.
• Form 499R-1- Deposit of income tax withheld on wages - prior month, if the employer is a monthly depositor.
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,
PO Box 409101 Ogden, UT 84409 (without
payment) or PO Box 105273 Atlanta, GA
30348-5273 (with payment)
Due dates for each, April 30, July 31, October
31, and January 31. Deposit rules may be
different.
FICA Deposits—Electronic Federal Tax
Payment System (EFTPS)
EFTPS
For calendar year 2012, the total rate is 7.65 percent (6.20 percent corresponds to Old Age, Survivors, and
Disability (OASDI) (FICA) and 1.45 percent to Medicare.). The OASDI wage base for 2012 is $110,100.
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 13.3 percent tax rate [10.4(OASDI) and 2.9 (Medicare)] A reduced rate of
4.20 percent (OASDI) is applicable to wages for 2012.
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.
To enroll in EFTPS 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.
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.
Reports income tax withheld on wages in each quarter.
PO Box 9022501 San Juan, PR 00902-2501.
Due dates for each: April 30, July 31,
October 31, and January 31.
The date to make the deposits depends on the
amount withheld. See description.
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” (July 1,2010 to June 30, 2011) 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, PO
Box 409101 Ogden, UT 84409 (without
payment) or PO Box 105174 Atlanta, GA
30348-5174 (with payment) Due January 31.
The FUTA rate for 2011 is .6 percent after 5.4 percent credit for PR unemployment tax for an aggregate rate
of 6.0% on the first $7,000 of wages paid to an employee each calendar year.
FUTA Deposits—EFTPS
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.
General Information
on Recurring Tax and Other Reports
Report
Workmen’s Accident and Compensation
Insurance—Form FSE-693
Filing
PR State Insurance Fund Annual Declaration due July 20.
Description
Rates vary according to occupation
Chauffeur’s Social Security Form—TSCH-1
PR Department of Labor, Bureau of Chauffeurs’
Social Security. Quarterly on 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—Forms PR-UI-10,
PRUI-10A, PR-SD-10 and PR-SD-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-Income Tax Bureau
PO Box 9022501 San Juan, PR 00902-2501 and
Social Security Administration
Wilkes-Barre, PA 18769
Due on January 31
Every employer or withholding agent required to file 3 or more withholding statements or informative
returns corresponding to calendar year 2012 may be required to use electronic transfer.
Forms 480.5, 480.6A, 460.6B, 460.6B.1 and
480.7
480.6C – Informative Return of Income
Subject to Withholding Nonresidents
480.7A – Informative Return Mortgage
Interest
See Publication 11-05 for filing requirements
PR Department of the Treasury-Income Tax Bureau
PO Box 9022501 San Juan, PR 00902-2501 and
Social Security Administration
Wilkes-Barre, PA 18769
Due on February 28
PR Department of the Treasury-Income Tax Bureau
PO Box 9022501 San Juan, PR 00902-2501 and
Social Security Administration
Wilkes-Barre, PA 18769
Due on April 15
PR Department of the Treasury-Income Tax Bureau
PO Box 9022501 San Juan, PR 00902-2501 and
Social Security Administration
Wilkes-Barre, PA 18769
Due on January 31
Doing Business
Report must be file electronically.
Corporations Annual Report—Standard form
for domestic or foreign corporations.
Due April 15. May request an extension of time to
file for a maximum of 90 days, 60 days initially plus
an additional extension of 30 days. Request for
extension must be filed via Internet. Filing fee $100.
Must include a $100 PR Internal Revenue Voucher. The report must include an audited Balance Sheet as
of the last closing date certified by a PR-licensed CPA if total gross volume of business is more than
$3,000,000. If it is $3,000,000,000 or less, the report must include a Balance Sheet prepared by a person
who has accounting knowledge.
General Information
on Recurring Tax and Other Reports
Report
Filing
Description
Exempt Corporations Annual Report
The report must be completed electronically at
http://www.oeci.gobierno.pr and filed at.
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 that the taxpayers conducts business. Include financial
statements certified by a PR-licensed CPA if volume of business exceeds $3,000,000. A 5 percent tax
discount allowed if the total tax due is paid on or before five working days after April 15.
If volume of business is less than $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.
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
during the semester in which the operations commenced.
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 $3,000,000. In addition, if taxpayer’s year-end is not a calendar year, it must also include a trial
balance as of December 31.
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
Income Taxes
Estimated Tax Payment—Form 480-E
Estimated Payment of Tollgate Tax —Form
480-E-3 (the estimated tax rules on
corporations must be followed)
First installment is 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 first
installment is 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. Installments may be
paid at Internal Revenue Collector’s Office or
at the several designated banking institutions.
Payment of estimated tax is required in case of an individual taxpayers, if he/she has an estimated tax
liability of $1,000 or more, and from any corporation engaged in business in PR. To avoid penalties for
underpayment of estimated tax, 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.
General Information
on Recurring Tax and Other Reports
Report
Filing
Description
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. For taxable years commencing
after December 31, 2010 the return is due
the 15th day of the fourth month after tax
year-end. A 3 months extension request
available (Form AS 2644) for filing, but not
for making tax payment to corporations,
individuals and states. Extensions for
Section 936 Corporations until the 15th day
of the ninth month after year-end.
Certified financial statements by a PR-licensed CPA must accompany the returns if volume of
business is $3,000,000 or more. In case of related entities, consolidated or combined statements are
required.
Informative Statement to :
(1) Partners of Partnerships that did not
elected to be taxed as corporations; (2)
members of limited liability companies
that are taxed as partnerships; (3)
partners of special partnerships, and (4)
shareholders of corporations of
individuals
U.S. Corporation Income Tax Return
Foreign—Form 1120F
Domestic—Form 1120
For taxable years commencing after
December 31, 2010, the return of special
partnerships, limited liability companies that
are taxed as partnership, corporations of
individuals and partnerships that did not
elect to be taxed as corporations the return is
due on the 15th day of the third month
following the close of the taxable year.
Must be declared by the 15th day of the third
month following the close of the taxable
year. An one month extension must be
granted
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, PO Box 409101 Ogden, UT. Due as
follows: Foreign corporations—15th of the
sixth month after year-end if no office is
maintained in the United States. A sixmonth 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. Using EFTPS.
General Information
on Recurring Tax and Other Reports
Report
Filing
U.S. Individual Income Tax Return—
Form 1040
Form 1040 should be filed with the Internal
Revenue Service Center, Austin, TX 33010215 (if no payment is due) or PO Box 1303
Charlotte, NC 28201-1303 ( if payment is
due)and is due the 15th day of the fourth
month after year-end. A four-month extension
is available by filing Form 4868.
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 five-month
extension is available by filing Form 7004.
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.
Abandoned Property
Description
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.
Estimated Income Tax Withheld on Distributable share 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.
Sums of money or other liquid assets, having an aggregate value greater than $1 that are presumed
abandoned or unclaimed.
Abandoned or unclaimed money and other
liquid assets
Sales an Use Tax
Monthly Return:
(1) Form (Modelo) SC 2915
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 70125
San Juan, PR 00936-8125
Businesses with a volume of business in
excess of $200,000 must file the return and
pay the tax electronically.
The tax collected must be deposited on the 10th day of the month following the month in which it was
collected.
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”).
(2) Municipal Return
At the corresponding municipality
In some instances a municipal sales tax return may be required to be filed.