Outsourcing Alert

Electronic Filing Requirements for Forms 499R-2/W-2PR

The Puerto Rico Treasury Department issued the Publication 17-04 including the new electronic filing requirements for Forms 499R-2/W-2PR for 2017.

What’s new

  • a box was added to include the disaster assistance qualified payments according to Administrative Determination 17-21.
  • exempt salaries paid for any of the following concepts must be informed with the applicable code:
    • public employees’ wages for overtime worked during emergency situations.
    • income from overtime worked by a Puerto Rico Police member
    • stipends received by certain physicians during the internship period.
    • compensation paid to an eligible researcher or scientist services.
    • salary not over $40,000 per year to employees between ages of 16 and 26.
    • vacation and sick leave liquidation payment to public employees.
    • disaster assistance qualified payment.
  • there are some editorial changes and corrections for clarification purposes, please refer to forms instructions.

Filing reminders

  • the W-2PR forms filing due date is January 31, 2018
  • the Department will not accept forms printed without the confirmation number (handwritten or typed confirmation numbers on the forms) will automatically invalid the forms
  • the Department of the Treasury has required the electronic filing of Form AS 2727 “Request of Extension of Time to File the Withholding Statement (W-2PR) and Reconciliation Statement of Income Tax Withheld (499R-3).  The electronic application is available through the PRTD’s website.  Filings in paper form, via fax, mail or any other method will be considered as not filed
  • the social security wage base for the tax year 2017 is $127,200
  • the contributions to CODA cannot exceed $24,000.

Links: Publication 17-04

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