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Financial statements audits
Financial statement audits
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Compliance audits
Compliance audits
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Compilations and reviews
Compilations and audit
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Agreed-upon procedures
Agreed-upon procedures
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Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
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International tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
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Tax compliance
Business Tax
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Individual taxes
Individual taxes
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Estate and succession planning
Estate and succession planning
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Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
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Sales and use tax and indirect taxes
SUT/ VAT & indirect taxes
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Tax incentives program
Tax incentives program
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Transfer Pricing Study
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
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Business consulting
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
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Forensic and investigative services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
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Fraud and investigations
The commercial landscape is changing fast. An ever more regulated environment means organizations today must adopt stringent governance and compliance processes. As business has become global, organizations need to adapt to deal with multi-jurisdictional investigations, litigation, and dispute resolution, address the threat of cyber-attack and at the same time protect the organization’s value.
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Dispute resolutions
Our independent experts are experienced in advising on civil and criminal matters involving contract breaches, partnership disputes, auditor negligence, shareholder disputes and company valuations, disputes for corporates, the public sector and individuals. We act in all forms of dispute resolution, including litigation, arbitration, and mediation.
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Business risk services
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
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Internal audit
We work with our clients to assess their corporate level risk, identify areas of greatest risk and develop appropriate work plans and audit programs to mitigate these risks.
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Service organization reports
As a service organization, you know how important it is to produce a report for your customers and their auditors that instills confidence and enhances their trust in your services. Grant Thornton Advisory professionals can help you determine which report(s) will satisfy your customers’ needs and provide relevant information to your customers and customers’ auditors that will be a business benefit to you.
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Transaction advisory services
Transactions are significant events in the life of a business – a successful deal that can have a lasting impact on the future shape of the organizations involved. Because the stakes are high for both buyers and sellers, experience, determination and pragmatism are required to bring deals safely through to conclusion.
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Mergers and acquisitions
Globalization and company growth ambitions are driving an increase in M&A activity worldwide as businesses look to establish a footprint in countries beyond their own. Even within their own regions, many businesses feel the pressure to acquire in order to establish a strategic presence in new markets, such as those being created by rapid technological innovation.
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Valuations
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
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Recovery and reorganization
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
Informative declarations filing date extended
28 Feb 2019Pursuant to Sections 1063.01, 1063.03, 1063.05, 1063.06 and 1063.10 of the Puerto Rico Internal Revenue Code of 2011, as amended, every person engaged in trade or business in Puerto Rico that makes payments for rents, compensations, benefits, interests, dividends, or services (among many others), must file an informative return with the Puerto Rico Treasury Department, along with an annual reconciliation statement, on or before February 28 of the year after the closing of its taxable year.
In light of the recent changes brought upon by the SURI system, the Puerto Rico Treasury Department issued Internal Revenue Informative Bulletin No. 19-06 to extend the filing date this year to March 15, 2019.
Background
As part of the staggered execution of its Unified Internal Revenue System (“SURI”, for its acronym in Spanish), on October 2, 2018 the Puerto Rico Treasury Department (“Treasury”) issued Internal Revenue Informative Bulletin No. 18-16 to alert taxpayers of the revised implementation phases for SURI and their corresponding launch dates.
Phase 2, which commenced on December 12, 2018, comprised the migration of all transactions related to withholding at source, gift and estate taxes, and excise taxes to SURI.
Conscious that the move to an online system could be fraught with operational obstacles, on January 29, 2019 Treasury issued Internal Revenue Informative Bulletin No. 19-02 to waive interest, surcharges and penalties on payments and filings that fall between December 10, 2018 through February 28, 2019; so long as the filing and/or payment was completed on or before February 28, 2019.
Still, various taxpayers and practitioners have alerted Treasury as to their inability to fully comply with the statutory filing date considering the new online-filing and payment mandate through SURI.
Internal Revenue Informative Bulletin No. 19-06 (“IB 19-06”)
As a response, Treasury issued IB 19-06 on February 27, 2019 to extend the filing date of the following informative returns to March 15, 2019:
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Form No. |
Name |
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480.5 |
Summary of Informative Returns |
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480.6A |
Informative Return – Income Not Subject to Withholding |
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480.6B |
Informative Return – Income Subject to Withholding |
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480.6B.1 |
Annual Reconciliation Statement of Income Subject to Withholding |
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480.6D |
Informative Return – Exempt and Excluded Income and Exempt Income Subject to Alternate Basic Tax |
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480.7 |
Informative Return – Individual Retirement Account |
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480.7B |
Informative Return – Educational Contribution Account |
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480.7B.1 |
Annual Reconciliation Statement of Tax Withheld from Individual Retirement Accounts and Educational Contribution Account |
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480.7C |
Informative Return – Retirement Plans and Annuities |
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480.7C.1 |
Annual Reconciliation Statement of Tax Withheld from Retirement Plans and Annuities |
