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11 April 2022

Puerto Rico’s Treasury Department extends due date for certain income tax returns

In Administrative Determination (AD) 22-03, the Puerto Rico Treasury Department (PRTD) has extended the due date from 18 April 2022 to 25 April 2022 for certain tax payments and certain income tax returns, forms and statements.

Specifically, AD 22-03 extends the due date to 25 April 2022, for individual (Form 482) and corporate (Form 480.2) income tax returns and the corresponding tax payments. The extended due date also applies to requests for an extension of time to file the tax returns and the first quarterly estimated tax payment originally due 18 April 2022. As long as the taxpayer pays the tax due or makes the first quarterly payment by 25 April 2022, the PRTD will not impose penalties for missing or insufficient payments.

Taxpayers that submit an extension request by 25 April 2022, will have until 18 October 2022, to file their tax returns.

Implications

The text of the AD applies to specific income tax returns and the corresponding payments, as well as estimated tax payments for the first quarter of tax year 2022. That is to say, it is not clear if the extension applies to estimated tax payments for other quarters of fiscal years that are due 18 April 2022.

The PRTD’s decision to extend the due date is being attributed to an electric power outage on 6 April 2022 that impacted most of Puerto Rico. Days after the outage, electric power is still being restored across Puerto Rico and that situation is most likely what prompted this decision. At the present time, we expect the 25 April 2022 date to be the final due date. As such, companies should comply with this new filing due date.

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For additional information with respect to this Alert, please contact the following:

Ernst & Young Puerto Rico LLC, State and Local Taxation Group, San Juan

Document ID: 2022-5380

 
 

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