Tax Alert
Postponement of Puerto Rico Treasury Deparment’s tax due dates in light of Hurricane María
20 Oct 2017As a result of the passing of Hurricane María through Puerto Rico on September 27, 2017, the Puerto Rico Treasury Department (“PRTD”) announced the postponement of various tax filing and payment due dates for the months of September and October 2017 through the issuance of Internal Revenue Informative Bulletin 17-21.
To such effect, on October 19, 2017, the PRTD issued Internal Revenue Informative Bulletin 17-25 (“IB 17-25”) to notify the new due dates for the following tax returns and/or payment of taxes:
Large Tax Payers
| Form Name | Form | Type of Tax | New Due Date |
| Sales and Use Tax Monthly Return for the months of August and September 2017 Semi-monthly (15th and 30th) Payments for the months of September and October 2017, pursuant to Section 4042.03(a)(2) of the PR Internal Revenue Code (“PRIRC”) |
SC 2915
|
SUT | October 4, 2017 and October 27, 2017, respectively 7 additional calendar days |
| Tax on Imports Monthly Return and payment on imports in August and September 2017 | SC 2915 D | SUT | September 25, 2017 and October 17, 2017, respectively |
| Act 154 excise tax payments for the months of August and September 2017 | 480.36 | Income Tax | October 6, 2017 and October 20, 2017, respectively |
| Monthly Excise Tax Return/Monthly Excise Taxes Return on gasoline, gas or diesel, oil, fuel, crude oil, products derived from oil, and other hydrocarbon mixtures for the months of August and September 2017 | SC 2225/SC 2225 A | Income Tax | October 8, 2017 and October 30, 2017, respectively |
| Employer’s Quarterly Return of Income Tax Withheld for the third quarter | 499-R-1B | Payroll/Withholding Tax | January 31, 2018 |
| Employer’s Monthly deposit of Income Tax Withheld from Employees during for the months of September and October 2017 (applicable to employers with monthly deposit requirement) | 499 R-1 | Payroll/Withholding Tax | November 15, 2017 |
| Payment of Tax Withheld at Source on Services rendered in September and October 2017 | 480.9A | Payroll/Withholding Tax | November 10, 2017 |
| Third Installment of Estimated Tax Payment for Individuals and Corporations with calendar year | 480.E-1 | Income Tax | October 31, 2017 |
| *Other payments or deposits due within the months of September and October which are not included in the above list will be postponed until November 15, 2017. | |||
Other than Large Tax Payers
| Form Name | Form | Type of Tax | New Due Date |
| Tax on Imports Monthly Return and payment on imports in August, September and October 2017 | SC 2915 D | SUT | December 11, 2017 |
| Sales and Use Tax Monthly Return for the months of August, September and October 2017 | SC 2915 | SUT | December 20, 2017 |
| Employer’s Monthly deposit of Income Tax Withheld from Employees for the months of September and October 2017 (applicable to employers with monthly deposit requirement) | 499 R-1 | Payroll / Withholding Tax | November 15, 2017 |
| Payment of Tax Withheld at Source on Services for the months of September and October 2017 | 480.9A | Payroll / Withholding Tax | November 10, 2017 |
| Payment of Second Installment of Individual Income Tax Return for 2016 taxable year | 482.0 | Income Tax | January 15, 2018 |
| Employer’s Quarterly Return of Income Tax Withheld for the third quarter | 499-R-1B | Payroll / Withholding Tax | January 31, 2018 |
| Monthly Excise Tax Return/Monthly Excise Taxes Return on gasoline, gas or diesel, oil, fuel, crude oil, products derived from oil, and other hydrocarbon mixtures for the months of September and October 2017 | SC 2225/SC 2225 A | Income Tax | December 11, 2017 |
| Third Installment of Estimated Tax Payment for Individuals and Corporations with calendar year | 480.E-1 | Income Tax | December 15, 2017 |
| *Other payments or deposits due in the months of September and October which are not included in the above list will be postponed until December 15, 2017. | |||
Other Forms & Elections
| Form Name | Form | Past Due Dates | New Due Date |
| Partnership or Limited Liability Company Classification Notification or Election | SC 6045 | Between September 5, 2017 and December 31, 2017 | January 31, 2018 |
| Subchapter N Corporation Election | SC 2640 | ||
| Waiver Request for the exclusion of certain expenses paid or incurred for services performed by a related party located outside of Puerto Rico as provided by Section 1033.17(s)(17)(D) of PRIRC | N/A | ||
| Private Ruling Request | N/A | ||
| Request for a change in tax year | N/A | ||
| Request for a change in accounting method | N/A | ||
| Estate Tax Return | SC 2800 | ||
| Gift Tax Return | SC 2788 | ||
| *Required supplementary information under Section 1061.15(b) of the PRIRC due within the months of September, October, November and December 2017, will be postpone until February 28, 2018. | |||
