Tax Events

September 2024

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 August (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 August for services rendered.

Electronic deposit through SURI of the Employer’s Income Tax Withheld for the month of August (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 August 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 August (Form 480.32).

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

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 August (Form 480.9).

Paper filing of the 2023 Revocable Trust or Grantor Trust Income Tax Return, if the 6-month automatic extension was obtained (Form 480.8(F)).

Electronic filing through SURI of the 2023 Revocable Trust or Grantor Trust Informative Return, if the 6-month automatic extension was obtained (Form 480.6(F)).

Filing of the 2023 Pass-Through Entity Informative Income Tax Return-Composite, if the 6-month automatic extension was obtained (Form 480.10 (SC)).

Filing of the 2023 Composite Return Individual Owners of Pass-Through Entities, if the 6-month automatic extension was obtained (Form 482.0 (C)).

Filing of the 2023 US Return of Partnership Income, if the 6-month automatic extension was obtained (Form 1065). The IRS announced a tax relief for individuals and businesses throughout Puerto Rico affected by Tropical Storm Ernesto; these taxpayers now have until Feb 3. 2025 to file this return.

Filing of the 2023 Annual Information Return of Foreign Trust with an US owner, if the 6-month automatic extension was obtained (Form 3520-A). The IRS  announced a tax relief for individuals and businesses throughout Puerto Rico affected by Tropical Storm Ernesto; these taxpayers now have until Feb 3. 2025 to file this return.

PR and US Estimated Tax 2024 for individuals- Third Installment. The IRS announced a tax relief for individuals and businesses throughout Puerto Rico affected by Tropical Storm Ernesto; these taxpayers now have until Feb 3. 2025 to submit payment.

Deposit of Estimated Tax Payment by Corporations (electronic deposit through SURI online site):
• Fiscal Year Ending on May 31: Due First Installment
• Fiscal Year Ending on March 31: Due Second Installment
• Fiscal Year Ending on December 31: Due Third Installment
• Fiscal Year Ending on September 30: Due Fourth Installment

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 August. 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 August.

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