The Puerto Rico Treasury Department has published Circular Letter No. 19-10 of 4 April 2019 concerning quarterly returns for withholding at source (10%) on services rendered using a new quarterly return form, Form 480.6 SP-1. In general, the return is to be filed by the end of the month following each quarter, although the Circular Letter provides that for the first quarter of 2019 ending 31 March, the deadline is 31 July (i.e., the returns for both the first and second quarter are due 31 July). The return must be filed via the Unified Internal Revenue System (SURI). The Circular Letter also provides that although the remittance of tax withheld on services is generally due by the 15th day of the month following each month, if total tax withheld in a quarter is less than USD 2,500, then the tax withheld may instead be remitted at the time of filing the quarterly return.
Note - The withholding tax generally applies to payments made by persons involved in a trade or business or which generate income in Puerto Rico for services rendered in Puerto Rico by a corporation, partnership, or individual. It serves as a creditable advance payment of income tax.
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