Protegemos el bienestar económico de nuestro pueblo

Transcription

1 Protegemos el bienestar económico de nuestro pueblo Edif. Capital Center, Torre I 239 Ave. Arterial Hostos, Suite 1401 San Juan, PR Línea Directa Servicio al Colegiado (CISEC) Tel Fax

2 January Personal and real property assessment day Form AS Filing of the PR sales and use tax and payment of the corresponding tax. 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 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 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 percent tax withheld on capital investment fund distributions prior month Municipal volume of business tax second semester payment (taxpayers paying in two installments not claiming discount) Form 40 ES- Fourth Installment U.S. Individual estimated income tax - calendar year 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 (Electronic Filing Requirements for Tax Year 2011) Form 499-R 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- and PR-UI-A 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

3 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 Form 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 Deposit income tax withheld from nonresidents prior month if in excess of $200 Deposit special percent tax withheld on capital investment fund distributions prior month 28 Form Summary of informative returns 480.6A, 480.6B, and Form must be filed for each class of informative return calendar year Payers or withholding agents with three (3) or more informative returns must use Electronic Filing. (See Publication 11-05). Forms , 480.6A, 480.6B, 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 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 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 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 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

4 March 2012 Filing of the PR sales and use tax and payment of the corresponding tax, if required to file electronically-prior month. 12 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 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 May request a 30-days extension to file Form 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 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; (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.

5 April Form 480.6SE Informative return to partners of special partnership. Calendar year May request a 30-day extension to file using Form SC Form 480.6CI Informative return to shareholders of corporation of individuals. Calendar year May request a 30-days extension to file using Form SC 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 Form OCS PRT-8-74 Premium Tax Return-Calendar year 2011 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 Form 40 United States Individual Income Tax Return Calendar year 2011 may request a six-month extension to file using Form 4868 Form 40 ES First installment U.S. individual estimated income tax Calendar year 2012 Form 65 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 Last day to make an election by a corporation to be considered as corporation owned by individuals for the 2012 calendar year Form 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 (II); (D); (F); (OE); ; 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 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 (Informative Returns Magnetic Media Reporting Requirements for tax Year 2011). Forms , 480.6A, 480.6B, 480.6B1, 480.6C, 480.7, 480.7A, and 480.7B must also be filed by magnetic media. Form Nonresident annual return for income tax withheld at source Calendar year 2011 Form 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 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 AS 2879 Branch Profits tax form Calendar year 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 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 II) 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. Form OCAM PA-O1 Volume of business declaration 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 $0 Form PR-UI- and PR-UI-A Puerto Rico Unemployment Insurance and Puerto Rico Disability Benefits (Quarter January March 2012)

6 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 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 Deposit income tax withheld from nonresidents prior month if in excess of $200 Form AS 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 percent tax withheld on Capital Investment Fund distributions prior month

7 June 2012 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 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 Form 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 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 40 ES Second installment U.S. individual estimated income tax (Calendar year 2012) Deposit special 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.

8 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 or Puerto Rico Individual income tax return (extended due date 3 months) Form Fiduciary Income Tax Return (Estate or Trust) Form 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 Deposit income tax withheld from nonresidents prior month if in excess of $200 Form Information return regarding investment requirements under 1978 Industrial Incentive Act Calendar year 2011 Form TSCH-1 Quarterly payment Chauffeurs Social Security Deposit special percent tax withheld on Capital Investment Fund distributions prior month Municipal volume of business tax first semester payment (Taxpayers paying in two installments not claiming discount) 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 $0 Form PR-UI- and PR-UI-A Puerto Rico Unemployment Insurance and Puerto Rico Disability Benefits (Quarter April June 2012)

9 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 20 Personal Property Tax Return extended due date (90 days) Form 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 Deposit income tax withheld from nonresidents prior month if in excess of $200 Deposit special percent tax withheld on capital investment fund distributions prior month

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 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 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 40 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 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 65 Extended due date for filing partnership income tax return (5 months) Calendar year partnerships Calendar year 2011

11 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 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 Deposit income tax withheld from nonresidents prior month if in excess of $200 Form TSCH-1 Quarterly payment Chauffeurs Social Security Deposit special 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 23 rd. 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 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 89 or EFTPS Deposit FUTA if at prior month undeposit amount exceeds $0 Form PR-UI- and PR-UI-A Puerto Rico Unemployment Insurance and Puerto Rico Disability Benefits (Quarter July September 2012)

12 November 2012 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 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 Deposit income tax withheld from nonresidents prior month if in excess $200 Deposit special percent tax withheld on Capital Investment Fund distributions prior month

13 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 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 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 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.

14 General Information on Recurring Tax and Other Reports Report Filing Description Payroll Taxes Social Security (FICA) and Hospital Insurance (Medicare) Form 941PR FICA Deposits Electronic Federal Tax Payment System (EFTPS) U.S. Internal Revenue Service Center, PO Box 4091 Ogden, UT (without payment) or PO Box 5273 Atlanta, GA (with payment) Due dates for each, April 30, July 31, October 31, and January 31. Deposit rules may be different. 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 $1,0. 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 [.4(OASDI) and 2.9 (Medicare)] A reduced rate of 4.20 percent (OASDI) is applicable to wages for 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 $0,000 or more are due the next banking day. To enroll in EFTPS visit the EFTPS Web site Puerto Rico Employer Quarterly Return of Income Tax Withheld Form 499 R.1-B Puerto Rico income tax withholding on wages deposits Form 499 R_1-A Federal Unemployment Tax (FUTA) Form 940PR Puerto Rico Treasury Department. PO Box San Juan, PR Due dates for each: April 30, July 31, October 31, and January 31. Puerto Rico Treasury Department PO Box San Juan, PR The date to make the deposits depends on the amount withheld. See description. U.S. Internal Revenue Service Center, PO Box 4091 Ogden, UT (without payment) or PO Box 5174 Atlanta, GA (with payment) Due January 31. Reports income tax withheld on wages in each quarter. 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 1,20 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 $0,000 or more must be deposited the next banking day. 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 $0.

15 General Information on Recurring Tax and Other Reports Report Filing Description Workmen s Accident and Compensation Insurance Form FSE-693 Chauffeur s Social Security Form TSCH-1 PR Unemployment and Disability Contribution Report Forms PR-UI-, PRUI-A, PR-SD- and PR-SD-A Form 499-2/W-2PR PR State Insurance Fund Annual Declaration due July 20. PR Department of Labor, Bureau of Chauffeurs Social Security. Quarterly on April 15, July 15, October 15, and January 15. PR Department of Labor, Bureau of Employment Security. Quarterly installments due. April 30, July 31, October 31, and January 31 PR Department of the Treasury-Income Tax Bureau PO Box San Juan, PR and Social Security Administration Wilkes-Barre, PA Due on January 31 Rates vary according to occupation Tax amounts to 80 per week per driver. 50 driver s contribution and 30 employer. Accounts for disability tax. 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. 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. See Publication for filing requirements Forms 480.5, 480.6A, 460.6B, 460.6B.1 and C Informative Return of Income Subject to Withholding Nonresidents 480.7A Informative Return Mortgage Interest PR Department of the Treasury-Income Tax Bureau PO Box San Juan, PR and Social Security Administration Wilkes-Barre, PA Due on February 28 PR Department of the Treasury-Income Tax Bureau PO Box San Juan, PR and Social Security Administration Wilkes-Barre, PA Due on April 15 PR Department of the Treasury-Income Tax Bureau PO Box San Juan, PR and Social Security Administration Wilkes-Barre, PA Due on January 31 Doing Business Corporations Annual Report Standard form for domestic or foreign corporations. Report must be file electronically. 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 $0. Must include a $0 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.

16 General Information on Recurring Tax and Other Reports Report Filing Description Exempt Corporations Annual Report The report must be completed electronically at 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 Personal Property Tax Return Form AS 29-I 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. 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. 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 ). 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. 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. 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.

17 General Information on Recurring Tax and Other Reports Report Filing Description Income Tax Return of: Corporations Form Partnerships Form 480. Industrial Incentives (Tax Exempt) Form (II) Special Partnerships Form 480.(E) Corporation of Individuals Form (I) Domestic Life Insurance Co. Form (D) Foreign Life Insurance Co. Form (F) Annual Return of Exempt Organization Form (OE) Fiduciary Form 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 PR Department of Treasury, Bureau of Income Tax. For taxable years commencing after December 31, 20 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. For taxable years commencing after December 31, 20, 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 15 th day of the third month following the close of the taxable year. Must be declared by the 15 th 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 Form 1120F with the Internal Revenue Service Center, PO Box 4091 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 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 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. 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.

18 General Information on Recurring Tax and Other Reports Report U.S. Individual Income Tax Return Form 40 Filing Form 40 should be filed with the Internal Revenue Service Center, Austin, TX (if no payment is due) or PO Box 1303 Charlotte, NC ( 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 Description U.S. Return of Partnership Income Form 65 Payment Voucher of Tax Withheld Form A Abandoned Property Abandoned or unclaimed money and other liquid assets 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 Puerto Rico Treasury Department. Deposit due the 15th day of the fourth, sixth, ninth, and twelfth months. A partnership does not pay tax on its Income but passes through profits and losses to its partners using Schedule K-1 (Form 65). Schedule K-1 must be furnished to each partner by the date Form 65 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. Sales an Use Tax Monthly Return: (1) Form (Modelo) SC 2915 Puerto Rico Treasury Department; participating financial institutions, via phone, electronically ( or via mail at: Departamento de Hacienda Planilla Mensual IVU, PO Box San Juan, PR Businesses with a volume of business in excess of $200,000 must file the return and pay the tax electronically. 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 ). The tax collected must be deposited on the th day of the month following the month in which it was collected. (2) Municipal Return At the corresponding municipality In some instances a municipal sales tax return may be required to be filed.