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
