Newsletter:

Tax Events - October 2018

October 01 2018

October 10

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

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

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

October 15

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

Chauffeurs Social Security 4th quarter payment (Form TSCH-1).

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

2017 Exempt Annual Report to be filed with the Office of Industrial Tax Exemption (OITE) (electronic filing through website) Pass-Through Entities (Partnership, Special Partnership and Corporation of Individuals).

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 September (Form 480.31).

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

FISCAL YEAR

INSTALLMENT

October 31, 2018

4th Installment

January 31, 2019

3rd Installment

April 30, 2019

2nd Installment

June 30, 2019

1st Installment

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

Deposit second installment for individuals eligible for the two-installment payment plan for 2017 tax responsibility

US Individual Income Tax Return (Form 1040 and 1040PR) with 6-month extension.

US Corporate Income Tax Return (Form 1120) with 6-month extension.

Annual Return of Employee Benefit Plan with 2 ½ months extension (Form 5500).

2017 PR Informative Income Tax Return for Entities (480.20(EC)) with year ended July 31, 2018.

Request of 6-month (pursuant to Administrative Determination 18-07) extension to file 2017 PR Informative Income Tax Return for Pass-Through Entities with fiscal year ended July 31, 2018.

2017 PR Corporation income tax return (480.20) and Exempt Business Income Tax Return (480.30(II)) for the year ended June 30, 2018.

Request of 6-month (pursuant to Administrative Determination 18-07) extension to file 2017 PR Corporation income tax return and Exempt Business Income Tax Return for Entities with fiscal year ended June 30, 2018.

2018 - 2019 Municipal License Tax Declaration (Form OCAM PA01) with 6-months extension.

October 17

2017 Corporate Annual Report filed with the Puerto Rico Department of State (electronic filing) with additional extension requested on June 18, 2018.

October 22

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

October 25

2017 PR Individual Income Tax Return (Form 482) for calendar year 2017, if the 6-month automatic extension (pursuant to Administrative Determination 18-07) was obtained.

2017 PR Corporation Income Tax Return electronic filing (480.20) and Exempt Business Income Tax Return (480.30(II)) for the taxable years ended December 2017, if the 6-month automatic extension (pursuant to Administrative Determination 18-07) was obtained.

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

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

October 31

Affirmative Declaration of Transactional Accounts for applicable requests or extensions of credits approved by the financial business during the month of September.

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

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

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

Employer’s Quarterly return of income Tax Withheld for the quarter ended September 30, 2018 (Form 499 R-1B)

P.R. Unemployment and Disability Contribution Report (Forms PR UI-10, PR UI- 10A, PR-SD-10, and PR-SD-10A).

FICA Quarterly Tax Return for the Quarter ended September 30, 2018 (Form 941-PR)