Tax Events

April 2024

Extended due date to electronically file the Flow-through entity income tax return for calendar year entities.

Electronic filing and payment through SURI of the Monthly Excise Tax Return (Form SC 2225).

Electronic payment through the Electronic Federal Tax Payment System (EFTPS) of Social Security and Medicare liabilities for the month of March (monthly depositors) (Form 941). Deposits for bi-weekly depositors vary depending on the payroll payment date.

Electronic deposit through SURI of 10%/6% of Income Tax Withheld from payments made during the month of March for services rendered.

Electronic deposit through SURI of the Employer’s Income Tax Withheld for the month of March (monthly depositors) (Form 499R-1B). (If liability for the quarter is less than $2,500, no monthly deposit is required). Deposits for bi-weekly depositors vary depending on the payroll payment date.

Electronic deposit through SURI of the 20%/ 29% Income Tax Withheld at source from Non-resident persons for the month of March in excess of $200 (Form 480.31).

Electronic deposit through SURI of Income Tax Withheld on royalties paid to Non-resident persons during the month of March (Form 480.32).

Electronic deposit through SURI of 4% monthly excise tax on foreign entities corresponding to the month of March.

Electronic deposit through SURI of tax withheld at source on dividends, partnership profit distributions, interest payments and 10% penalty on IRA withdrawals made during the month of March (Form 480.9).

Deposit of Estimated Tax Payment by Corporations (electronic deposit through SURI online site):

• Fiscal Year Ending on December 31: Due First Installment
• Fiscal Year Ending on October 31: Due Second Installment
• Fiscal Year Ending on July 31: Due Third Installment
• Fiscal Year Ending on April 30: Due Fourth Installment

Electronic Filing through the Puerto Rico Department of State website of the 2023 Corporate Annual Report/Fee. A 60-day additional extension is available for the Corporate Annual Report automatic extension is available.

Electronic filing through SURI of 2023 PR Corporation Income Tax Return (Form 480.20) for calendar year entities. A six-month automatic extension is available.

Electronic filing through SURI of 2023 PR Individual Income Tax Return (Form 482.0). A six-month automatic extension is available.

Electronic filing through SURI of Informative Return Income Subject to Withholding- Non-Resident (Form 480.6C) for the year ended December 31, 2023.

Electronic filing of Exempt Annual Report on https://incentives.ddec.pr.gov for entities whose tax grants establish that the due date to file the Exempt Annual Report is 30 days after the due date prescribed by law to file the income tax return, including extensions (for calendar year exempt pass-through entities returns filed on March 15, 2024).

Electronic filing through SURI of 2023 Fiduciary Income Tax Return (form 480.80) for calendar year trusts. A six-month automatic extension is available.

Electronic filing through SURI of 2023 P.R. Composite Return Partners and Individual Members of Partnerships and Limited Liability Companies (Form 482.0 (C)). A six-month automatic extension is available.

Electronic filing through SURI of 2024 P.R. individual estimated tax Payment (1st Installment).

Filing of 2023 U.S Corporate Income Tax Return for calendar year corporations (Form 1120). A six-month automatic extension is available.

Filing of 2023 US Individual Income Tax Return (Form 1040). A six-month automatic extension is available.

1st Installment of 2024 U.S. Individual Estimated Tax Payment (Form 1040-ES).

Electronic filing of 2023 Foreign Bank Account Report (Form 114). A six-month automatic extension is available.

Filing of 2023 Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts for residents and military in service in the U.S. or
PR (Form 3520). A six-month automatic extension is available.

Electronic filing through SURI of the State Sales & Use Tax and Tax on Imports Monthly Return and payment (Form SC 2915) for the month of March. Due date for Bonded importers to remit payment, through Form SC 2915, of the tax on imports declared on Forms SC 2970.1 during the month of March. www.cofim.pr.gov, or paper filing).

Municipal Sales & Use Tax Monthly Return and payment for the month of March (depending on the municipality, electronic filing through municipality platform or electronic filing through Municipal Financing Corporation “COFIM” www.cofim.pr.gov, or paper filing).

Volume of Business Declaration (Municipal License tax) for 2024-2025 period.

Electronic filing through SURI of the Employer’s Quarterly Return of Income Tax Withheld (Form 499 R-1B) for the quarter ended 3/31/2024.

Filing of Employer’s Quarterly Federal Tax Return for Puerto Rico employers (Form 941PR) for the quarter ended 3/31/2024.

Electronic payment through the Electronic Federal Tax Payment System (EFTPS) of Federal Unemployment quarterly deposit.

Electronic filing and payment through Puerto Rico Labor Department portal of Employer’s Quarterly Return of PR Unemployment and Disability Insurance (Form
PRSD-10 and PRUI-10) for the quarter ended 3/31/2024.

Electronic filing through the PSSCH portal of Chauffeur’s Social Security Quarterly Return for the quarter ended 12/31/2024 (Payment can’t be made online).

Electronic filing through SURI of the Quarterly Return of Tax Withheld on Payments for Services Rendered (Form 480.6 SP-1) for the quarter ended 3/31/2024.