Newsletter:

Tax Events - April 2018

March 29 2018

April 10

Deposit of 7% or 3% tax withheld from payments made during March for services rendered (Payment Voucher 480.9A).

Use Tax on Imports Monthly Returns (Form SC 2915.1 D) for the month of March. (Electronic Filing through SURI online site).

Monthly Excise Tax Return and payment (Form SC 2225).

April 16

FICA and Income Tax Withholding Deposit, monthly depositors, for the month of March.

2017 Corporate Annual Report and LLC Annual Fee filed with the Puerto Rico Department of State (electronic filing) or 

Request for Extension of Time (60 days) to file Corporate Annual Report. This request must be made electronically and must include the payment for the filing fee. 

Chauffeurs Social Security 1st quarter payment (Form TSCH-1).

Bi-monthly Sales and Use Tax Estimated Payments for those who are regarded as a ìLarge Taxpayerî pursuant to PR IRC Section 1010.01(a)(35); and whose average monthly SUT deposited during the previous calendar year exceeded $2,000.

Exempt Annual Report to be filed with OECI (electronic filing through website) ñ Pass-Through Entities (Partnership, Special Partnership and Corporation of Individuals) ñ or Request of extension to file the exempt annual report on or before calendar year 2017.

Deposit of 4% monthly excise tax in foreign entities (Form 480.36).

Deposit of 29% tax withheld at source on payments to foreign persons in excess of $200 during the month of March (Form 480.31).

Deposit of Estimated Income Tax by Corporations and Pass-through entities, Partnerships, Special Partnerships and Corporations of Individuals (voucher 480. E-1):

Fiscal year

Installment

April 30, 2018

4th Installment

July 31, 2018

3rd Installment

October 31, 2018

2nd Installment

December 31, 2018     

1st Installment

Deposit tax withheld at source on dividends, partnership profit distributions, interests and 10% penalty on IRA during the month of March (Form 480.9). 

April 17

US Individual Income Tax Return (Form 1040) or Request for Automatic Extension of Time (6 months) to file the US Individual Income Tax Return (Form 4868).

US Corporate Income Tax Return (Form 1120) or Request for Automatic Extension of Time (6 months) to file the US Corporate Income Tax Return (Form 7004).

US Individual and Corporate Estimated Income Tax Payment for 2018 - First Installment (Form 1040-ES).

PR Individual Income Tax Return electronic filing (Form 482.0) or Request for Automatic Extension of Time, 3 months or 6 months (Form SC 2644).

PR Individual Estimated Income Tax Payment for 2018 - First Installment Payment (Form 480-E.1).

PR Corporation (Taxable & Incentives), Income Tax Returns for the taxable years ended December 2017 or Request for Automatic 3-months Extension to file PR Corporation Income Tax Return (Form SC 2644).

Nonresident Annual Return of Income Tax Withheld at Source (Form 480.30). 

Informative Return on Income Subject to Withholding to Nonresidents (Form 480.6C). 

Last day for individuals to notify financial institutions of election to have 10% tax withheld on interest from deposits and to select the institution that will apply the $2,000 exemption over interest paid for the calendar year 2018.

Last day for individuals to contribute to an Individual Retirement Account and take the deduction on the 2017 PR Individual Income Tax Return (if no extension of time to file the income tax returns is requested). 

April 20

Sales and Use Tax Monthly Return (Form SC 2915) for the month of March.

April 24

Municipal License Tax Declaration (18-19) (Form OCAM PA01): Last day to pay with a 5% discount (OCAM Memorandum 2017-02 and OGP Circular Letter 150-17). 

Last day to file the request for extension of time (up to 6 months) to file the Municipal License Tax Declaration (18-19) (Form OCAM PA01). 

April 30 

Affirmative Declaration of Transactional Accounts for applicable requests or extensions of credits approved by the ìfinancial businessî during the month of March.

Quarterly Excise Tax Return pursuant to Act 154 from 2010 (Form 480.36 Q).

Supplemental Schedules required pursuant to Act 163 of 2014 for applicable taxpayers with fiscal year ended on August 31, 2017.

Bi-monthly Sales and Use Tax Estimated Payments for those who are regarded as a ìLarge Taxpayerî pursuant to PR IRC Section 1010.01(a)(35); and whose average monthly SUT deposited during the previous calendar year exceeded $2,000.

Quarterly Returns (Q-1) 

  • Form 499 R-1B Quarterly Report of Income Tax Withheld
  • Form 941-PR Employerís Quarterly Federal Tax Return
  • Form PRSD 10 Declaration of Unemployment and Disability Insurance