The units that compose the government — departments, agencies, funds, functions, and public corporations — were included in KPMG’s audit.
The agency’s Public Insurance Office is handling the process.
The agency announced deadline changes and other considerations for businesses and individuals.
The new filing deadline is Sept. 27.
A second round of tax-free sales for the 2022-2023 school year will take place in January 2023.
The agency has also paid $800M+ in Work Credit benefits.
This year’s filing deadline is April 18, 2022.
SURI will not be available Friday, Saturday, and Sunday from 12 a.m. to 11:59 p.m.
The US Department of Treasury and the IRS released the final regulations related to the Foreign Tax Credit under Act 154, which grants an additional transition year to taxpayers who currently pay under that tax system, Puerto Rico Treasury Secretary Francisco Parés confirmed. “The provisions in the regulations, regarding Puerto Rico, are the product of […]
The Puerto Rico Treasury Department confirmed that despite the need of more staff, close to 1.2 million income tax returns for individuals and corporations for taxable year 2020 have been processed, which represents 99% of the total returns filed. Of that total, about 1 million have received their refunds. “We have quickly disbursed close to […]
The Puerto Rico Treasury Department confirmed the seizure of 136 investment accounts in local and US brokerages held by delinquent taxpayers, amounting to more than $3 million. Agency Secretary Francisco Parés said the figure includes interest, surcharges, penalties, and garnishment costs. “This action coordinated by the agency’s Revenue Bureau stemmed from the failure of taxpayers […]
Net income that flowed into the Commonwealth’s General Fund for July and August reached $801.1 million and $675 million, respectively, for a total of about $1.5 billion, which exceeded collections projections by $176.9 million, Puerto Rico Treasury Secretary Francisco Parés said. Income tax collections for individuals and corporations exceeded the projection by $51.2 million or […]
In collaboration with Colmena66, Outsourcing Solutions International, LLC, a local company with more than 20 years in the market dedicated to managing accounting and payroll for small and medium (SME’s) businesses in Puerto Rico, announced the launch of Eazy Payments, a bilingual platform/SAAS for comprehensive B2B payment management. The product simplifies making payments between businesses […]
Employers of specific private sector industries can now access the link in their SURI accounts to request the payment of additional compensation, or Premium Pay, for employees who meet the eligibility requirements, Treasury Department Interim Secretary Ángel Pantoja-Rodríguez said. The $2,000 Premium Pay payment comes from a $200 million fund allocated by Gov. Pedro R. […]
Net income accrued at the close of Fiscal 2021 totaled $11.7 billion, exceeding the projection by about $606.1 million or 5.5%, Puerto Rico Treasury Department Secretary Francisco Parés confirmed. Furthermore, he noted that the preliminary net income for June 2021 totaled $1.4 billion. This figure exceeded both the income for the same period during the […]
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