Treasury Dept. makes changes due to Hurricane Fiona
By The Star Staff
Treasury Secretary Francisco Parés Alicea announced on Tuesday a package of tax administration measures for the benefit of citizens and merchants.
“Due to the major disaster declaration authorized by President Joe Biden, we are activating our emergency plan by postponing certain dates for filing and payment of tax returns, in addition to other measures that will benefit businesses,” the official said in a written statement.
Tax returns and payments: Administrative Determination 22-08 postpones until December 15 the deadline to file any income tax return or request for extension whose filing due date is between Friday, Sept. 30 and Thursday, Dec. 15, 2022.
At the same time, the due date of any return for which an Extension Request is filed was extended to Thursday, June 15, 2023.
Payment Postponements: The extension of the due date to Thursday, Dec. 15 also includes any outstanding amounts due between Friday, Sept. 30, and before Thursday, Dec. 15, 2022. This includes payment of the second installment of the individual income tax return.
The filing of returns and payments or deposits related to the following taxes are not included in the postponement and therefore their due date is maintained as established by the Code: excise taxes; taxes on alcoholic beverages; special tax on foreign corporations; taxes withheld on salaries and services rendered and other withholdings at source and estimated tax payments.
Payment Plans: Any taxpayer that has been economically affected by the impact of Hurricane Fiona may enter into a new Payment Plan through SURI or by visiting the Collection Offices of the Bureau of Collections before Dec. 31, 2022. In the event that the system imposes a penalty, the taxpayer must request the elimination of the penalty by submitting an elimination request through their SURI account, along with evidence of filing and payment.
Other expiration dates: All bonds with expiration dates between Sept. 19 and Friday, Nov. 18, 2022, are automatically extended until Friday, Nov. 18, 2022.
The terms for taxpayers to submit their claims to the Notices of Mathematical Errors and Notices of Adjustment on Schedule, whose due date is between Sept. 19 and Nov. 18, 2022, are extended until Friday, Nov. 18, 2022, as well.
Collection Notices and Foreclosures: In the case of Collection Notices, Bank Foreclosures, and other embargoes, the Department stopped their issuance until Friday, Nov. 18, 2022.
“Should any notice of garnishment arise, the taxpayer should call 787-620-2323 or write to embargosbancarios@hacienda.pr.gov, to attend to his or her case,” the secretary said.
Merchants: The Treasury Department extended until Thursday, Oct. 20, 2022 the deadline to file the IVU and Import Monthly Return for the month of August 2022. It also extended until Thursday, Oct. 20, 2022, the deadline for sending the sales and use deposit to the Treasury Department.
Meanwhile, the Treasury Department will grant a Temporary Exemption Certificate allowing 16,180 Resale Merchants to import or acquire taxable items for resale, free of IVU. These merchants must have their Reseller Certificate in force. The exemption term will be of one month, beginning on Oct. 1, and ending on Oct. 31, 2022. The Temporary Exemption Certificate will not apply to imports or purchases of taxable items for use or consumption in Puerto Rico.
Administrative Procedures: The Department extended until Friday, Nov. 18, 2022, the expiration date of any managerial procedures that cannot be handled through SURI.
“I urge all taxpayers to stay informed by accessing our social networks Facebook @DptoHacienda and Twitter @haciendapuertorico and our website www.hacienda.pr.gov,” the secretary said.