The Puerto Rico Office of Management and Budget has clarified (Circular Letter (CL) 004-2020) that the due date to submit the 2020 - 2021 volume of business declaration will be 22 May 2020 instead of 22 April 2020. This responds to the COVID-19 pandemic and the 15 April extension granted by the Puerto Rico Treasury Department to 15 May.
Businesses that want to take advantage of the 5% discount must pay the total tax balance due with the filing of the volume of business declara…