TA X CALENDAR 2017 LOGIC GAMES. Urb. Pérez Morris Calle Ponce #19 San Juan, PR PO BOX San Juan, PR

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1 TA X CALENDAR 17 LOGIC GAMES

2 01 JANUARY Personal and real property tax assessment day. Form SC 29 D: Imports Monthly Return-prior month (if applicable). Must be electronically filed through SURI. Form 480.9A: Deposit of 7% (or 3%) income tax withheld on prior month from services. 17 Form TSCH-1: Quarterly payment chauffer s 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 retirements accounts (IRA) and penalties on IRA prior month. Form : Deposit income tax withheld from non-residents prior month if in excess of $0. Form 499.R-1: Employer s monthly return of income withheld prior month. Form 480-E-1: Fourth installment Puerto Rico individual estimated income tax (calendar year 16). Form 40-ES: Fourth installment United States individual estimated income tax (calendar year 16). Deposit special % tax withheld on capital investment fund distributions prior month. Form : Deposit temporary 4% excise tax on certain personal property and services prior month (Act No. 4 of, as amended). Municipal volume of business tax: second semester payment (taxpayer paying in two installments not claiming discount). Form FSE Second semester: Workmen s Compensation State Insurance Fund. Form SC 29 A: Sales and use tax monthly return-prior month. Must be electronically filed through SURI. Form 499R-1B: Employer s quarterly return of income tax withheld (Quarter October December 16). Form 499 R-2/W-2 PR: Submit 16 tax forms to employees and the Tax Returns Processing Bureau at the Puerto Rico Treasury Department, must be electronically filed if required to file 5 or more forms, but not in excess of 250 forms. Form 499R-3: 16 Annual reconciliation statement of income tax withheld. Form 940PR: Federal unemployment annual return for 16. Form 941PR: FICA quarterly return. Payment with return if less than $2,500 (Quarter October December 16). Form 89or EFTPS: Deposit FUTA if at prior month accumulated taxes did not exceeds $500. Form PR UI- and PR UI-A: Puerto Rico Unemployment Insurance and Puerto Rico Disability Benefits (Quarter October December 16). 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 16). Form Q: Quarterly return of excise on certain personal property and services (Quarter October-December 16). All taxpayers shall now be required to file their SUT returns through the new integrated electronic system SURI, which now replaces the previous electronic system known as PICO (both systems named by their Spanish Acronym). SURI unifies all the electronic tax systems and provides the taxpayers a web portal to file the SUT returns; to request the Merchant's Registry Certificate; to obtain the Registry Number, the Access Code and several other documents; to make payments; and to perform a myriad electronic transaction.

3 01 JANUARY 17 SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY New Year s Day 02 New Year s Day Observed Three King s Day 16 Martin Luther King Fica Income Tax Semiweekly Deposit Important Due Dates Days To Remember

4 02 FEBRUARY Form SC 29 D: Imports Monthly Return-prior month (if applicable). Must be electronically filed through SURI. Form 940-PR: Extended due date FUTA if all deposits were made on time. Form 480.9A: Deposit of 7% (or 3%) income tax withheld on prior month from services. 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 retirements accounts (IRA) and penalties on IRA prior month. Form : Deposit income tax withheld from non-residents prior month if in excess of $0. Form 499.R-1: Employer s monthly return of income withheld prior month. Deposit special % tax withheld on capital investment fund distributions prior month. Form : Deposit temporary 4% excise tax on certain personal property and services prior month (Act No. 4 of, as amended). Third Installment of estimated personal property tax year 16. Form SC29A: Sales and use tax monthly return-prior month. Must be electronically filed through SURI. Form 480.5: Summary of informative returns 480.6A, 480.6B, and Form must be filed for each class of informative return Calendar year 16. Form 480.6A: Informative return of income not subject to withholding Calendar year 16, must be electronically filed at the Department of Treasury if required to file 5 or more forms, but not in excess of 250 forms. The applicable Form must also be submitted electronically. Form 480.6B: Informative return Income subject to withholding (services rendered, dividends from corporations, partnership profit distribution, dividends from industrial development, commissions, rents, premiums, annuities, and interest except IRA) - Calendar year 16. Must be electronically filed at the Department of Treasury if required to file 5 or more forms, but not in excess of 250 forms. The applicable Form must also be submitted electronically. Form 480.6B.1: Annual reconciliation statement of the withholding at source on payments for services rendered, indemnifications, dividends, partnership distribution and interest income except IRA Calendar year 16. Form 480.7: Informative return of contributions, withdrawals, refunds, and penalties on individual retirement accounts Calendar year 16. Form 480.7B: Informative Return Educational Contribution Account. Form W-3PR: Annual reconciliation statement of FICA tax withheld (transmittal of withholding statement Forms 499-R-2/W-2PR): Calendar year 16 (If you file electronically, the due date is March 31, 17). Annual informative schedule detailing distributions from business covered by the Tax Incentives Act of 1998, as amended. Calendar year 16. Notification to shareholders of exempt dividend distributions received by the capital investment fund from exempt business Calendar year 16. OASIDI LIMITS For calendar year 17, the limit of wages subject to the Old Age, Survivors and Disability Insurance (OASDI) is $127,0. Remember that the Federal Insurance contributions Act (FICA) tax rate for salaried employees is 7.65%, 6.% for OASDI and 1.45% of Medicare, and twice the percentages for self-employed taxpayers. The additional Medicare tax of 0.9 percent remains in effect for 16. This additional tax will be applicable only to the employee. The threshold amounts are $250,000 for married taxpayers who file jointly, $125,000 for married taxpayers who file separately, and $0,000 for all other taxpayers. Also, in 16 the earnings threshold for the exclusion of wages subject to FICA is $2,000 for domestic employee and $1,800 for election officials and election workers. Accordingly, earnings below such thresholds are exempt from Social Security taxes.

5 02 FEBRUARY 17 SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY Valentine s Day President s Day Puerto Rican National Heroes Day Fica Income Tax Semiweekly Deposit Important Due Dates Days To Remember

6 03 MARCH 17 Form SC 29 D: Imports Monthly Return-prior month (if applicable). Must be electronically filed through SURI. Form 480.9A: Deposit of 7% (or 3%) income tax withheld on prior month from services. 31 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 retirements accounts (IRA) and penalties on IRA prior month. Form 480.9A: Remittance of distributive share of special partnership income to its partners who are nonresident aliens, foreign estates, trusts, corporations, and partnerships. Calendar year 16. May request a 1 month extension to file. Form : Deposit income tax withheld from nonresidents prior month if in excess of $0. Form 499.R-1: Employer s monthly return of income withheld prior month. Form 480.(EC): Pass-through Entities Informative Return (Partnerships (including LLC s), Special Partnerships and Corporation of Individuals informative income tax returns)- Calendar year 16. Form 480.(SC): Partnership Informative Income Tax Return Composite - Calendar year 16. Form AS2644: Request for extension to file the income tax return Partnerships (including LLC s and Composite Return), Special Partnerships, Corporation of Individual PR informative income tax returns Calendar year 16 may request a 3-month extension. Deposit % tax withheld on capital investments fund distributions prior month. Form : Deposit temporary 4% excise tax on certain personal property and services prior month (Act No. 4 of, as amended). Form 65: United States Partnership Income Tax Return Calendar year 16 may request a six-month extension to file using Form Form SC29A: Sales and use tax monthly return-prior month. Must be electronically filed through SURI. Form 480.6EC: Informative Return for Pass-through entities (Includes: Informative Return to Partners of Special Partnerships, Shareholders of Corporations of Individuals and Partners of Partnership or Members of Limited Liability Companies). Calendar year 16. May request a 30-day extension to file using Form SC Capital investment fund must transfer 75 percent of net income derived from non-risk activities to the Secretary of the Treasury Calendar year 16. Form OCS PRT 8-74 Premium Tax Return Calendar year 16. Act 187 of November 17, created the Interagency Portal Validation Act for Granting Incentives for the Economic Development of Puerto Rico. Such Act creates a web portal to be used by the government agencies in charge of granting tax incentives under special laws to monitor, validate and provide information to the businesses' grantees of existing incentives. Among the amended laws are Act (cooperatives development), (hospitals), (agricultural activities), (development of urban centers), (manufacturing activities), 74- (tourism activities), 83- (green energy generation), -12 (incentives for individual non-resident investors) and (export activities). The major changes by Act 187- are: (1) new compliance requirements are established for tax incentives businesses and (2) a Certificate of Compliance is granted by the particular regulatory agency. In brief the new requirements are centralized in the creation of new jobs, to making local substantial investments and to the commitment of promoting the local commerce by consuming local agricultural products, acquiring professional services from companies with presence in Puerto Rico, acquiring raw materials and manufacturing materials from local suppliers. After examining compliance of all the requirements, the pertinent agency grants a certificate of compliance through the Interagency Portal.

7 03 MARCH 17 SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY Daylight Saving Time Begins St. Patrick s Day First Day of Spring 22 Emancipation Day Fica Income Tax Semiweekly Deposit Important Due Dates Days To Remember

8 04 APRIL Form SC 29 D: Imports Monthly Return-prior month (if applicable). Must be electronically filed through SURI. Form 480.9A: Deposit of 7% (or 3%) income tax withheld on prior month from services. 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 16. Annual Corporation Report (domestic and foreign corporations) year 16, may request a 60-day extension of time to file. Limited Liability Companies Annual Fee. No extension of time to file available. Form AS2640: Last day to make an election to be considered as a corporation of individuals for calendar year taxpayers. 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 retirements accounts (IRA) and penalties on IRA prior month. Form 480.9A: Deposit of the fourth installment of income tax withheld on estimated net income of a Special Partnership to resident individuals. Estates and trust or nonresident US citizens and domestic or foreign resident corporations or partnerships; and distributable profit to stockholders of a corporation of individuals (Calendar year 16). Form 480.; (II); (D); (F); (OE); ; 481; and 482: Corporations, 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 Return - Calendar year 16. Form 482.0(C) Composite Return Partners and Individual Members of Partnerships and Limited Liability Companies Calendar year 16. Form AS2644 Request for extension to file the income tax return Individuals (including composite return) and Corporations income tax returns Calendar year 16 may request a 3-month extension B: Informative Return withholding to non-resident : Summary of informative returns Calendar year : Nonresident annual return for income tax withheld at source : Deposit income tax withheld from nonresident prior month if in excess of $ C: Informative return of income subject to withholding A: Annual return of tollgate tax. Form 480.E-1: First installment estimated income tax corporation and individuals Calendar year taxpayers Calendar year 17. Form 499.R-1: Employer s monthly return of income withheld prior month. Form 480-E-3: and 480-E-3A declaration and first installment estimated tollgate tax Calendar year taxpayers Calendar year 17. Form AS2879: Branch Profits Tax Form Calendar year 16. Should be included in the Branch's PR Income Tax Return. Form TSCH-1: Quarterly payment Chauffeurs Social Security. Annual return on special tax withheld on Capital Investment Fund distributions Calendar year 16. Deposit special % tax withheld on Capital Investment Fund Distributions prior month. Payment of any insufficiency on the prepayment of tollgate tax for calendar year 16 with the income tax return (Form II) or with the request for extension (AS2644). Form : Deposit temporary 4% excise tax on certain personal property and services prior month (Act No. 4 of, as amended). Form 40: United States Individual Income Tax Return Calendar year 16 May request a six-month extension to file using Form Form 40ES: First installment U.S. individual estimated income tax Calendar year 17. Form 89 or EFTPS: Deposit the first installment of U.S. corporate estimated income tax Calendar year taxpayers Calendar year 17. Form 11 U.S. Corporation Income Tax Return: 16 Calendar year taxpayers may request a five month extension to file using Form Form SC29A: Sales and use tax monthly return-prior month. Must be electronically filed through SURI. Form OCAM PA-01: Volume of Business Declaration may request a 6-month extension of time to file (payment with 5% discount), using Form OCAM PA03. On July 31, the US Congress enacted Public Law which amends several sections of the US Internal Revenue Code regarding federal tax return due dates. Specifically, section 06 of Public law states that starting after December 31,, regular corporation's tax returns with calendar years are now due on April instead of March ; and Partnerships' tax returns with calendar years are due on March, instead of April. In brief, all these federal due dates will now be the same as our statutory local due dates.

9 04 APRIL 17 SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY Administrative Professional s Day Fica Income Tax Semiweekly Deposit Important Due Dates Days To Remember

10 05 M AY17 1 Concessionaires Quarterly Report for personal property leasing companies (Quarter January March 17). Form 499-R-1B: Employer s quarterly return of income tax withheld (Quarter January March 17). Form 941PR: FICA quarterly return. Payment with return if less than $2,500 (Quarter January March 17). Form 89 or EFTPS: Deposit FUTA if at prior month undeposited amount exceeds $500. Form PR-U1-: Puerto Rico Unemployment Insurance and Puerto Rico Disability Benefits (Quarter January March 17). Extended due date for the remittance of Form EC with a 30 day extension requested. Form Q: Quarterly return of excise on certain personal property and services (Quarter January March 17). Form AS 29 D: Imports Monthly Return-prior month (if applicable). Must be electronically filed through SURI. Form 480.9A: Deposit of 7% (or 3%) income tax withheld on prior month from services. 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 retirements accounts (IRA) and penalties on IRA prior month. Form : Deposit income tax withheld from nonresident prior month if in excess of $0. Form AS 29-1: 16 Personal Property Tax Return may request a 3-month extension. Fourth Installment of estimated personal property tax year 16. Form 499.R-1: Employer s monthly return of income withheld prior month. Deposit special % tax withheld on Capital Investment Fund Distributions prior month. Form : Deposit temporary 4% excise tax on certain personal property and services prior month (Act No. 4 of, as amended). Exempt Corporations Annual Report Calendar year 16 For calendar year corporations Due date is 30 days after filing the income tax return. Form 990: US Return for Exempt Organizations- Calendar year 16- Due date is the 5th month after the close of the taxable year. Form SC 29 A: Sales and use tax monthly return-prior month. Must be electronically filed through SURI. On September 30, 16, after losing a notorious court case, the Puerto Rico Department of the Treasury issued Administrative Determination in order to: determine that for tax years beginning on or after January 1, 16, no taxpayer shall be subject to the second part of the Alternative Minimum Tax ("AMT") computation under Section 22.03(b)(2) of the code (% of related party expenses and 2% of personal property purchases); that taxpayers that have been subject to the AMT under Section 22.03(a) of the Code by reason of the second component of the Tentative Minimum Tax under Section 22.03(b)(2) of the Code, shall be entitled to amend their income Tax Return for tax year in order to recompute their tax liability; resulting credits due to the amendment of the income tax return may be used as an AMT credit for subsequent years or as a payment in excess creditable to the estimated tax for taxable year 16 and; for tax years beginning on or after January 1, 16, for purposes of the estimated tax computation, the AMT for such years shall only include the 30% computation.

11 05 MAY 17 DOMINGO SUNDAY MONDAY LUNES MARTES TUESDAY MIÉRCOLES WEDNESDAY THURSDAY JUEVES VIERNES FRIDAY SATURDAY SÁBADO Mother s Day Memorial Day Fica Income Tax Semiweekly Deposit Important Due Dates Days To Remember

12 06 JUNE Form AS 29 D: Imports Monthly Return-prior month (if applicable). Must be electronically filed through SURI. Form 480.9A: Deposit of 7% (or 3%) income tax withheld on prior month from services. Annual Corporation Report: extended due date (60 days). Additional 30-day extension may be requested. Pass-through Entities Informative Return (Partnerships (including LLC s), Special Partnerships and Corporation of Individuals informative income tax returns) Calendar year 16 (extended due date 3-months). Form 480.(SC): Partnership Informative Income Tax Return Composite - Calendar year 16 (extended due date 3-months). Form 480.(U): Income Tax Return (Nonresident Foreign Corporations and Partnerships subject to the effectively connected income source rules of Act 4-, as amended) Calendar year 16. A 3-month extension may be requested using Form AS2644. 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 retirements accounts (IRA) and penalties on IRA prior month. Form 490.9A: 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 US citizens and domestic or foreign resident corporations or partnerships; and distributable profit to stockholders of a corporation of individuals (Calendar year 17). Form : Deposit income tax withheld from nonresidents prior month if in excess of $0. Form 480-E-I: Second installment estimated income tax corporation and individuals Calendar year taxpayers year 17. Form 481.E-3A: Second installment estimated tollgate tax Calendar year taxpayers year 17. Form 499.R-1: Employer s monthly return of income withheld prior month. Form 89 or EFTPS: Second installment of U.S. corporate estimated income tax Calendar year taxpayers year 17. Form 40 ES: Second installment U.S. individual estimated income tax (Calendar year 17). Deposit special % tax withheld on Capital Investment Fund Distributions prior month. Form : Deposit temporary 4% excise tax on certain personal property and services prior month (Act No. 4 of, as amended). Form SC29A:Sales and use tax monthly return-prior month. Must be electronically filed through SURI. Pursuant to Act 187-, new grantees under Act 73 of May 28, 08 must annually submit additional information in the sworn statements required by the Office of Industrial Tax Exemption. The new information basically consists of statistics with the purpose of obtaining information to measure the percentage of the businesses operational requirements invested locally. For instance, the exempt business must indicate the number of employees generated or retained in comparison with the minimum required by its decree, percentage of the operating requirements acquired from local raw materials, acquisition of products manufactured locally, agricultural products acquired from Puerto Rico, among other required information. Such information is also required to be submitted by every grantee in the periodic reports for the Governor and the Legislature and in the reports required by the Office of Industrial Tax Exemption from the Exempt Businesses and its Stockholders or Partners.

13 06 JUNE 17 SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY Father s Day First Day of Summer Fica Income Tax Semiweekly Deposit Important Due Dates Days To Remember

14 07 J U LY17 17 Form AS 29 D: Imports Monthly Return-prior month (if applicable). Must be electronically filed through SURI. Form 480.9A: Deposit of 7% (or 3%) income tax withheld on prior month from services. Corporations, Domestic life insurance companies, foreign life insurance companies, Puerto Rico Income Tax returns Calendar year 16 (extended due date 3-months). Form 482.0: 16 Puerto Rico Individual Income Tax Return extended due date 3 months. Annual Corporation Report with additional 30 day extension : Fiduciary Income Tax Return extended due date 3 months. Form 482.0(C): Composite Return Partners and Individual Members of Partnerships and Limited Liability Companies Calendar year 16 extended due date 3 months. 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 retirements accounts (IRA) and penalties on IRA prior month. Form : Deposit income tax withheld from nonresidents prior month if in excess of $0. Form : Informative return regarding investment requirements under 1978 Individual Incentive Act Calendar year 16. Form 499.R-1: Employer s monthly return of income withheld prior month. Form TSCH-1: Quarterly payment Chauffeurs Social Security. Deposit special % tax withheld on Capital Investment Fund Distributions prior month. Form : Deposit temporary 4% excise tax on certain personal property and services prior month (Act No. 4 of, as amended). Municipal volume of business tax first semester payment (Taxpayers paying in two installments not claiming discount). 31 Form FSE 693: Workmen s Compensation Insurance annual payroll declaration. Should pay 50% of the estimated amount. Form SC29A: Sales and use tax monthly return-prior month. Must be electronically filed through SURI. Form 499R-1B: Employer s quarterly return on income tax withheld (Quarter April June 17). Form 941PR-FICA: quarterly return. Payment with return if less than $2,500 (Quarter April June 17). Form PR-U1- and PR-U1-A: Puerto Rico Unemployment Insurance and Puerto Rico Disability Benefits (Quarter April June 17). Concessionaires Quarterly Report for personal property leasing companies (Quarter April June 17). Form Q: Quarterly return of excise on certain personal property and services (Quarter April June 17). Back to School Tax Free Holiday Pursuant to Section 4030.(b) of the PR Code as amended, school uniforms and materials are exempt from the Sales and Use Tax (SUT) during a two day period on January and July. Additionally, subsection (a) of such section establishes a SUT exemption applicable for the whole year on all books.

15 07 JULY 17 SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY Independence Day Constitution Day Fica Income Tax Semiweekly Deposit Important Due Dates Days To Remember

16 08 AUGUST 17 Form AS 29 D: Imports Monthly Return-prior month (if applicable). Must be electronically filed through SURI. Form 480.9A: Deposit of 7% (or 3%) income tax withheld on prior month from services. Abandoned or Unclaimed Money and Other Liquid Assets Annual Report. Form AS 29: 16 Personal Property Tax Return extended due date (3-months)-all taxpayers. First Installment for estimated personal property tax year 17. Exempt Corporations Annual Report Calendar year 16 For calendar year corporations Extended due date (30 days after filing the income tax return with a 3-month extension). 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 retirements accounts (IRA) and penalties on IRA prior month. Form : Deposit income tax withheld from nonresidents prior month if in excess of $0. Form 499.R-1: Employer s monthly return of income withheld prior month. Deposit special % tax withheld on Capital Investment Fund Distributions prior month. Form : Deposit temporary 4% excise tax on certain personal property and services prior month (Act No. 4 of, as amended). Form SC29A: Sales and use tax monthly return-prior month. Must be electronically filed through SURI. On June 28, 16 the Puerto Rico Industrial Development Company ("PRIDCO") approved Regulation 8768 to replace prior regulations that provided similar benefits to the businesses that conduct manufacturing activities, services or any other activities defined as non-manufacturing, promoted or to be promoted by PRIDCO. Such Regulation grants monetary incentives in addition to the ones provided by the tax exemption decrees to the businesses that are grantees of tax exemption decrees under Act , Act 73-08, Act -12 and Acts 82 and 83 of for employment creation, projects, trainings programs, and related, subject to certain requirements and restrictions. In general, the incentives provided by Regulation 8768 are similar to the incentives provided by the prior Regulation.

17 08 AUGUST 17 SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY Fica Income Tax Semiweekly Deposit Important Due Dates Days To Remember

18 09 SEPTEMBER Form AS 29 D: Imports Monthly Return-prior month (if applicable). Must be electronically filed through SURI. Form 480.9A: Deposit of 7% (or 3%) income tax withheld on prior month from services. 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 retirements accounts (IRA) and penalties on IRA prior month. Form 490.9A: Deposit of the third installment of income tax withheld on estimated net income of a Special Partnership to resident individuals. Estates and trust or nonresident US citizens and domestic or foreign resident corporations or partnerships; and distributable profit to stockholders of a corporation of individuals (Calendar year 17). Form : Deposit income tax withheld from nonresidents prior month if in excess of $0. Form 480-E-I: Third installment estimated income tax corporation and individuals Calendar year taxpayers year 17. Form 481.E-3A: Third installment estimated tollgate tax Calendar year taxpayers year 17. Form 499.R-1: Employer s monthly return of income withheld prior month. Form 89 or EFTPS: Third installment of U.S. corporate estimated income tax Calendar year taxpayers year 17. Form 40 ES: Third installment U.S. individual estimated income tax (Calendar year 17). Deposit special % tax withheld on Capital Investment Fund distributions prior month. Form : Deposit temporary 4% excise tax on certain personal property and services prior month (Act No. 4 of, as amended). Form 480.(U): Income Tax Return (Nonresident Foreign Corporations and Partnerships subject to the effectively connected income source rules of Act 4-, as amended) Calendar year 16 Extended due date (3 months). Form 11: US Corporation Income Tax Return Extended due date for filing Calendar year taxpayers year 16. Form 65: US Partnership Income Tax Return extended due date 6 month. Form SC29A: Sales and use tax monthly return-prior month. Must be electronically filed through SURI. Tax Courts Adopted Act No was signed to create designated courts to handle tax and economic issues. This had been requested by the private sector for various years to improve the quality of the decisions and to promote uniformity in the decisions. The designated judges are being appointed and is expected that they will begin handling cases early on 17.

19 09 SEPTEMBER 17 SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY Labor Day First Day of Autumn Fica Income Tax Semiweekly Deposit Important Due Dates Days To Remember

20 OCTOBER Form AS 29 D: Imports Monthly Return-prior month (if applicable). Must be electronically filed through SURI. Form 480.9A: Deposit of 7% (or 3%) income tax withheld on prior month from services. 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 retirements accounts (IRA) and penalties on IRA prior month. Form : Deposit income tax withheld from nonresidents prior month if in excess of $0. Form 499.R-1: Employer s monthly return of income withheld prior month. Form OCAM PA01: Volume of Business Declaration six month extension of time to file if granted in April. Form TSCH-1: Quarterly payment Chauffeur s Social Security. Deposit special % tax withheld on Capital Investment Fund distributions prior month. Form : Deposit temporary 4% excise tax on certain personal property and services prior month (Act No. 4 of, as amended). Form 40: United States Individual Income Tax Return extended due date for filing Calendar year 16. US and P.R. Individual Income Tax: second payment of 16 Tax Liability. Form SC29A: Sales and use tax monthly return-prior month. Must be electronically filed through SURI. Form 499R-1B: Employer s quarterly return on income tax withheld (Quarter July September 17). Form 941PR-FICA quarterly return: Payment with the return if less than $2,500 (Quarter July September 17). Form 89 or EFTPS: Deposit FUTA if prior undeposited amount exceeds $500. Form PR-U1- and PR-U1-A: Puerto Rico Unemployment Insurance and Puerto Rico Disability Benefits (Quarter July September 17). Concessionaires Quarterly Report for personal property leasing companies (Quarter July September 17). Form Q: Quarterly return of excise on certain personal property and services (Quarter July September 17). Christmas Bonus: The Bonus to Workers and Employees Act, Act 148 of June 30, 1969, as amended, known as the Christmas Bonus Act, provides that an employee who worked at least 700 hours in a 12 month period commencing on October 1 of any year and ending September 30 of the following calendar year, will be entitled to receive a bonus of 6% of his/her wages up to a maximum wage of $,000. The Christmas bonus is payable on or before December. Notwithstanding the above, every employer who employs or less employees shall pay to each employee a bonus of 3% of the total wages up to a maximum of $,000. The recently enacted Act No. 4 of 17, amended the Christmas Bonus Act for employees hired after the validity of this law. Pursuant to Act No. 4 of 17, from January 26, 17, any employer that employs more than employees for more than 26 weeks during a 12 month period commencing on October 1 of any year and ending on September 30 of the following year, shall pay a Christmas Bonus to those employees that work at least a total of 1,350 hours. Additionally, according to Act No. 4 of 17, the Christmas Bonus shall be reduced to a 2% of the total wages earned for the employees hired after January 26, 17. However, the upper limits of the bonus remains at $300 for an employer that employs or less employees or $600 for all the other employers. Act No. 4 of 17 also states that during the first year that an employee is hired, the required bonus is 50% of the Christmas Bonus required by the law. Furthermore, certain entities might be exempt from paying the Christmas bonus. However, to request a total or partial waiver from paying the Christmas bonus, a request must be made to the Secretary of the Treasury in writing on or before November 30 and shall include financial statements compiled or reviewed by a CPA.

21 OCTOBER 17 SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY Colombus Day Fica Income Tax Semiweekly Deposit Important Due Dates Days To Remember

22 11 NOVEMBER Form AS 29 D: Imports Monthly Return-prior month (if applicable). Must be electronically filed through SURI. Form 480.9A: Deposit of 7% (or 3%) income tax withheld on prior month from services. 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 retirements accounts (IRA) and penalties on IRA prior month. Form : Deposit income tax withheld from nonresidents prior month if in excess of $0. Form 499.R-1: Employer s monthly return of income withheld prior month. Deposit special % tax withheld on Capital Investment Fund distributions prior month. Form : Deposit temporary 4% excise tax on certain personal property and services prior month (Act No. 4 of, as amended). Second Installment of estimated property tax year 17. Form SC29A: Sales and use tax monthly return-prior month. Must be electronically filed through SURI. Last day to request the exemption from paying Christmas Bonus. (Reviewed Balance Sheet and Income Statement as of September 30, 17 should be submitted with the request). Transfer Pricing Regulations Proposed regulations to handle pricing among related parties were prepared by Treasury during December 16 and are in the process of being issued in final format. The regulations combine the use terms and pricing methodologies from Section 482 (used in US) and OECD (widely used in Europe, and Central and South America). It should be noted that these regulations discuss the methods to be allowed, but do not make an imposition at this point in time to present or to prepare such studies.

23 11 NOVEMBER 17 SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY Daylight Saving Time Ends Veteran s Day Discovery of Puerto Rico Discovery of Puerto Rico Observed Thankgiving Fica Income Tax Semiweekly Deposit Important Due Dates Days To Remember

24 12 DECEMBER Form AS 29 D: Imports Monthly Return-prior month (if applicable). Must be electronically filed through SURI. Form 480.9A: Deposit of 7% (or 3%) income tax withheld on prior month from services. Last day for payment of Christmas Bonus. 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 retirements accounts (IRA) and penalties on IRA prior month. Form : Deposit income tax withheld from nonresidents prior month if in excess of $0. Form 490.9A: Deposit of the fourth installment of income tax withheld on estimated net income of a Special Partnership to resident individuals. Estates and trust or nonresident US citizens and domestic or foreign resident corporations or partnerships; and distributable profit to stockholders of a corporation of individuals (Calendar year 17). Form 480-E-I: Fourth and last installment estimated income tax corporation Calendar year taxpayers year 17. Form 481.E-3A: Fourth and last installment estimated tollgate tax Calendar year taxpayers year 17. Form 499.R-1: Employer s monthly return of income withheld prior month. Form 89 or EFTPS: Deposit fourth installment of U.S. corporate estimated income tax Calendar year taxpayers year 17. Deposit special % tax withheld on Capital Investment Fund Distributions prior month. Form : Deposit temporary 4% excise tax on certain personal property and services prior month (Act No. 4 of, as amended). Form SC29A: Sales and use tax monthly return-prior month. Must be electronically filed through SURI. Remember that self-employed individuals have until December 31 to open a Keogh Plan in order to be entitled to deduct their contribution to the plan for taxable year 17 up to the lesser of $75,000 or 25% of its business or profession net income. The aforementioned limits do not include contributions transferred from another qualified retirement plan. You should also take an inventory of all your individual financial matters and see where you stand. This includes opening a checking and/or investment account, compare insurance needs with existing policies, verify whether your last will or testament is updated (Check if you have taken steps to protect your principal home) and update any beneficiary designations on any account that allows for said provision.

25 12 DECEMBER 17 SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY First Day of Winter Christmas Eve Christmas Day New Year s Eve Fica Income Tax Semiweekly Deposit Important Due Dates Days To Remember

26 01 JANUARY Personal and real property tax assessment day. Form AS 29 D: Imports Monthly Return-prior month (if applicable). Must be electronically filed through SURI. Form 480.9A: Deposit of 7% (or 3%) income tax withheld on prior month from services. Form TSCH-1: Quarterly payment chauffer s 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 retirements accounts (IRA) and penalties on IRA prior month. Form : Deposit income tax withheld from non residents prior month if in excess of $0. Form 480-E-1: Fourth installment individual estimated income tax (calendar year 17). Form 499.R-1: Employer s monthly return of income withheld prior month. Form 40-ES: Fourth installment United States individual estimated income tax (calendar year 17). Deposit special % tax withheld on capital investment fund distributions prior month. Form : Deposit temporary 4% excise tax on certain personal property and services prior month (Act No. 4 of, as amended). Municipal volume of business tax second semester payment (taxpayer paying in two installments not claiming discount). Form SC29A: Sales and use tax monthly return-prior month. Must be electronically filed through SURI. Form FSE : Second semester Workmen s Compensation State Insurance Fund. Form 499R-1B: Employer s quarterly return on income tax withheld (Quarter October December 17). Form 941PR-FICA: quarterly return. Payment with the return if less than $2,500 (Quarter October December 17). Form 89 or EFTPS: Deposit FUTA if prior undeposited amount exceeds $500. Form PR-U1- and PR-U1-A: Puerto Rico Unemployment Insurance and Puerto Rico Disability Benefits (Quarter October December 17). Concessionaires Quarterly Report for personal property leasing companies (Quarter October December 17). Form Q: Quarterly return of excise on certain personal property and services (Quarter October December 17). Happy New Year, Feliz Año Nuevo, Xin Nian Kuai Le, Sana Saiida, Nav Varsh Ki Subhkamna, Feliz Ano Novo, Subho Nababarsho, S Novim Godom, Akemashite Omedetô, Ein Gutes Neues Jahr, Bonne Année, Felice Anno Nuovo, Felix Sit Annus Novus, Gott Nytt År,.ةديعس ةنس Nou, Kali Chronia, Feliç Any

27 01 JANUARY 18 SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY New Year s Day Three King s Day Martin Luther King Fica Income Tax Semiweekly Deposit Important Due Dates Days To Remember

28 RELEVANT RETURNS AND DECLARATIONS FOR BUSINESS 17 INCOME TAX Form No. Form Name Filing Date Filing Address Notes 480. Corporation Income Tax Return th day of the 4th month after close of the taxable year. Without Payment: Treasury Department Bureau of Income Tax PO Box San Juan, PR With Payment: Treasury Department Bureau of Income Tax PO Box San Juan, PR A 3-month extension may be requested using Form SC If volume is more than $3,000,000 audited financial statements by a PR CPA must be filed with the return. 480.(EC) Informative Income Tax Return Pass-Trough Entity th day of the 3th month after close of the taxable year. Treasury Department Bureau of Income Tax PO Box San Juan, PR Applicable to every partnership, corporation orlimited liability company with an election to be taxed as a Partnership, Special Partnership or Corporation of Individuals. A 3-month extension may be requested using Form SC If volume is more than $3,000,000 audited financial statements by a PR CPA must be filed with the return. 480.(SC) Partnership Informative Income Tax Return Composite th day of the 3th month after close of the taxable year. Treasury Department Bureau of Income Tax PO Box San Juan, PR A 3-month extension may be requested using Form SC Applicable to foreign partners. To be used when the partners of a partnership are also pass-through entites. 480.(U) Income Tax Return (Nonresident foreign corporation & partnerships subject to the effectively connected income source rules of Act 4-, as amended) th day of the 6th month after close of the taxable year. Without payment: Department of the Treasury PO Box San Juan, PR With payment: Department of the Treasury PO Box San Juan, PR A 3-month extension may be requested using Form SC 2644.

29 RELEVANT RETURNS AND DECLARATIONS FOR BUSINESS 17 Form No. Form Name Filing Date Filing Address Notes 480.(CPT) Employees Owned Special Corporation Informative Tax Return th day of the 4th month after close of taxable year. Treasury Department Bureau of Income Tax PO Box San Juan, PR Special Corporations with a volume that exceeds $3,000,000 must provide financial statements audited by a PR CPA (II) Income Tax Return For Exempt Business Under the Puerto Rico Incentives Program th day of the 4th month after close of the taxable year. Without Payment: Treasury Department Bureau of Income Tax PO Box San Juan, PR If volume of business exceeds $3,000,000, financial statements audited by a PR CPA must be filed with the return. With Payment: Treasury Department Bureau of Income Tax PO Box San Juan, PR (OE) Informative Return for Income Tax Exempt Organizations th day of the 4th month after close of the taxable year. Treasury Department Bureau of Income Tax PO Box San Juan, PR Section of the PRIRC requires Exempt Organizations an annual statement of gross income, receipts, disbursements, etc. 65 US Return of Partnership Income th day of the 3rd month after close of the taxable year. Internal Revenue Service Center PO Box 4091 Ogden, UT A 6-month automiatic extension may be requested using Form US Corporation Income Tax Return for Domestic Corporations th day of the 4th month after the close of the taxable year. Internal Revenue Service Center PO Box 4091 Ogden, UT A 5-month automatic extension may be requested using Form US Return of Organization Exempt from Income Tax th day of the 5th month after the close of the taxable year. Internal Revenue Service Center PO Box 4091 Ogden, UT A 6-month automatic extension may be requested using Form 8868.

30 RELEVANT RETURNS AND DECLARATIONS FOR BUSINESS 17 ESTIMATED TAX Form No. Form Name Filing Date Filing Address Notes 480.E-1 Estimated Tax Payment Voucher th day of the 4th month after close of the taxable year. Treasury Department Bureau of Income Tax PO Box San Juan, PR The estimated tax is payable in 4 installments due on the th day of the 4th, 6th, 9th and 12th month of the taxable year. 480-E.3 Estimated Tollgate Tax Payment Voucher th day of the 4th month after close of the taxable year. Treasury Department Returns Processing Bureau PO Box San Juan, PR The estimated tax is payable in 4 installments due on the th day of the 4th, 6th, 9th andt 12th month of the taxable year. VOLUME OF BUSINESS Form No. Form Name Filing Date Filing Address Notes OCAM PA 01 Volume of Business Declaration (Patente Municipal) Fifth working day after April. Director of Finance of the Municipalities where business is conducted. A 6 month extension might be requested. If volume is more than $3,000,000 audited financial statements by a PR CPA must be filed with the declaration. If paid in full by the original due date a 5% discount is available. Otherwise, might be paid ib two installaments due due on July and January. PROPERTY TAX Form No. Form Name Filing Date Filing Address Notes AS-29 Personal Property Tax Return May Must be done electronically at the Municipal Revenue Collection Center (CRIM) website. A 3-month extension may be requested. If volume is more than $3,000,000 audited financial statements by a PR CPA must be filed with the return. If fiscal year, an accountant attested Trial Balance must be also attached. BC-85-ES Estimated Tax Payment Voucher August Municipal Revenue Collection Center (CRIM) PO Box San Juan, PR The estimated tax is payable in 4 installments due on the th day of the August, November, February and May.

31 RELEVANT RETURNS AND DECLARATIONS FOR BUSINESS 17 ANNUAL REPORT Form No. Form Name Filing Date Filing Address Notes Annual Corporation Report April (extension available up to 90 days) Must be done electronically at the Department of State website. If volume of business exceeds $3,000,000 or if a foreign corporation, a Balance Sheet audited by a PR CPA must be provided. Annual Fee - Limited Liability Company April (no extension available) Must be done electronically at the Department of State website. If volume of business exceeds $3,000,000 or if a foreign corporation, a Balance Sheet audited by a PR CPA must be provided. SALES AND USE TAX Form No. Form Name Filing Date Filing Address Notes AS Imports Declaration Prior to take possession of merchandise. Must be done electronically at the Treasury Department's SURI system. Any entity that imports shall file this declaration and pay the corresponding sales and use tax for the non exempt items if non-bonded. AS 29.1 D Tax on Imports Monthly Return th day of every month Must be done electronically at the Treasury Department's SURI system. This return will be completed automatically according to the information included in the declarations filed during the previous month. Bonded importers shall pay the corresponding tax. AS 29.1A Sales and Use Tax Monthly Return th day of the following month during which the tax was collected Must be done electronically at the Treasury Department's SURI system.

32 RELEVANT RETURNS AND DECLARATIONS FOR BUSINESS 17 PAYROLL TAX Form No. Form Name Filing Date Filing Address Notes 499 R-1 Deposit of Tax Withheld on Salaries Varies Treasury Department Bureau of Income Tax PO Box San Juan, PR Employers with less than $50,000 during look back period will deposit the tax monthly on the th day of the following month. Employers with $50,000 or more will deposit the tax semiweekly. If the payroll date is a Saturday, Sunday or Monday the tax payments must be made on or before the following Friday. If the payroll date is Wednesday, Thursday or Friday, the tax payment must be made on or before the following Wednesday. For employers whose withholding amount during an entire quarter is $500 or less, the tax can be paid quarterly with the quarterly return. 499 R-1B Employer's Quarterly Return of Income Tax Withheld April 30, July 31 October 31, January 31 Must be done electronically. Go to the following link to use the free electronic application to complete the return: R-2/W-2 PR Withholding Statement January 31 Social Security: Social Security Administration Data Operations Center Wilkes-Barre PA PR Department of Treasury: Will only be accepted through electronic transfer A 30-days extension may be requested using Form AS R-3 Reconciliation Statement January 31 Must be done electronically. A 30-days extension may be requested using Form AS 2727.