Puerto Rico Treasury Dept. unveils new tool to manage, monitor tax credits
January 18, 2023
This is the first time the Treasury Department will have a centralized system.
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Espacios Abiertos sues Treasury Dept. for earned income tax credit data
November 15, 2022
The nonprofit states it is still missing "important data" to determine the full benefit of the EITC.
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Gov’t Fiscal ’20 audited financial statements show $60B deficit
October 5, 2022
The units that compose the government — departments, agencies, funds, functions, and public corporations — were included in KPMG’s audit.
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Treasury starts collecting data on damages caused by Hurricane Fiona
October 3, 2022
The agency’s Public Insurance Office is handling the process.
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Puerto Rico Treasury Dept. outlines post-hurricane tax relief measures
September 28, 2022
The agency announced deadline changes and other considerations for businesses and individuals.
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Treasury Dept. delays deadline to file, pay Sales and Use Tax returns
September 20, 2022
The new filing deadline is Sept. 27.
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Treasury Dept. announces school supplies tax-free holiday July 15-16
July 12, 2022
A second round of tax-free sales for the 2022-2023 school year will take place in January 2023.
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Treasury wraps up ’21 tax cycle with 1.2M returns filed, $1.3B in refunds
April 26, 2022
The agency has also paid $800M+ in Work Credit benefits.
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Gov’t unveils redesigned SURI platform, announces start of ’21 tax cycle
February 16, 2022
This year’s filing deadline is April 18, 2022.
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Puerto Rico Treasury’s SURI platform down for maintenance this weekend
February 10, 2022
SURI will not be available Friday, Saturday, and Sunday from 12 a.m. to 11:59 p.m.
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US Dept. of Treasury grants 1-year transition period for taxpayers under Act 154
December 30, 2021
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 […]
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Puerto Rico Treasury processes 99% of returns filed this taxable year
December 20, 2021
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 […]
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Puerto Rico Treasury seizes 136 investment accounts in brokerage houses
October 29, 2021
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 […]
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Puerto Rico Treasury: General Fund net income for July, Aug. exceed projections by $177M
October 20, 2021
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 […]
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Local co. launches online platform to help SME’s make Treasury Dept. payments
September 29, 2021
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 […]
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