Among the changes, the Puerto Rico Treasury Department (“PRTD”) eliminated the separate filing of the monthly Tax on Imports Return, which was due on the 10th day of the month following the month of importation, and effective October 1, 2021 was changed to the 20th day of the month following the month of importation. With the change, the Tax on Imports return is now consolidated with the Monthly Sales and Use Tax Return ("SUT") return.
In addition, the PRTD added certain schedules for Market Facilitators, a schedule for Admission Rights to public shows, and a schedule for Market Vendors who have a collection waiver.
The PRTD made the necessary changes in the programming so that the data included in the schedules comply with the information included in the monthly SUT return. The PRTD will also request evidence for certain lines of the return, such as the line for the Credit for Bad Debts.
Collaborated in the preparation of this article.