February 28th 2022
Final day to issue Informative Returns for service providers (non-
employees) and complete related filings with the Puerto Rico Treasury. These filings are required to deduct the service payments in the 2021 income tax return. The Puerto Rico Treasury will disallow expense deductions if an Informative Return is not electronically filed on or before February 28. The most common Informative Returns for services are the following:
FORM 480.6A (Personal Services)
Informative Return – Income Not Subject to Withholding.
FORM 480.6B (Personal Services)
Informative Return – Income Subject to Withholding.
FORM 480.6SP (Professional Services)
Informative Return – Services Rendered.
FORM 480.7F (Other Business Services)
Informative Return – Advertising, Insurance premiums, Telecommunication, Internet access, and Cable or Satellite television services.
March 15th 2022
Due date for the Puerto Rico Income Tax Return for LLCs treated as Partnerships for P.R. Income Tax (with or without a Tax Grant under Act 20 and Act 60). An extension option is available for six (6) months if a request for extension is filed with the P.R. Treasury. With the extension request, the final date for filing is October 17, 2022.
Business 2022 Estimated Taxes
It is recommended that all entities pay estimated income taxes quarterly to avoid penalty charges for underestimated taxes. Also, this approach will avoid the need to pay any additional tax on the filing date. Quarterly payments are due on April 15, June 15, September 15, and December 15 for year-end calendar taxpayers. Fiscal year taxpayers should make payments using the same timing method, but the actual dates will be based on the year-end selected.
Puerto Rico Income Tax Return for Individuals (owners of the Act 20 and Act 60 Business)
In general, the Due Date for Owners of Act 20 Businesses: April 18, 2022. There is no extension option for the tax liability payment. An automatic six-month extension option is available if requested with the P.R. Treasury. The due date with extension is October 17, 2022.
Exempt Annual Report for Most Act 22 Tax Grants
Due on May 16, 2022. Under the Act 22 Tax Grant, the annual report is due 30 days after the individual’s income tax return (April 15 of every year) including extensions. If the 2021 Individuals Income Tax Return filing date is extended, the final due date for the Annual Report is November 15, 2022.
Annual Corporations Report (Annual Due)
This report is filed with the Puerto Rico State Department on or before April 15 of every year. For 2022, the due date is April 18, 2022. There are no extensions available for LLCs.
Puerto Rico Income Tax Return for LLCs (Treated as Partnerships for P.R. Purposes)
Due Date is March 15, 2022. An extension option is available for six months if a request for extension is duly filed. With the extension request, the final due date is October 17, 2022.
Municipal Volume of Business Declaration for a Business
Due date is April 25, 2022. The municipal license tax is payable in two installments on July 15, 2022 and January 17, 2023. If the total amount of the tax is paid on or before the filing due date, a 5% discount applies.
Personal Property Tax Return for Business
Personal Property Tax Return for Business is due on May 16, 2022. If the personal property tax liability is more than $1,000, estimated tax payments are required in four (4) equal installments due on August 15, November 15, February 15, and May 15.
Exempt Annual Report for Most Act 20 Tax Grants
Due on April 18, 2022 if the Business is an LLC with Pass-Through or Partnership Treatment under the P.R. Code. Under most Act 20 tax grants, the
annual report is due 30 days after the business income tax return due date (March 15, 2022) or 30 days after the extended due date if an extension request
was filed. The Annual Report for Act 60 Tax Grants is November 15 of every year.
Puerto Rico Income Tax Return for Regular Corporations with Tax Grants
The 2021 Exempt Business Income Tax Return is due on June 15, 2022. This due date applies to all business with a tax grant under Act 20, Act 60, Act 73, Act 83 treated as a corporation under the P.R. Code. A six (6) month extension is available. The final due date with the extension is December 15, 2022.