The Puerto Rico Treasury Department announced Wednesday it has cut $147.2 million in tax refunds corresponding to 247,744 tax returns during the current tax cycle, representing $80 million more than what was disbursed at this time last year.
The Puerto Rico Treasury Department announced Sunday it will be offering extended hours at its nine tax orientation and preparation centers and 18 collections centers islandwide on Monday and Tuesday, thus wrapping up this year’s tax season.
General Fund collections for the month of March totaled $785 million, down 9.7 percent when compared to the $1 billion on record for March 2013.