20 March 2020 Volume of business declarations due date for 2020–2021 follows Puerto Rico Treasury Department extension The Puerto Rico Office of Management and Budget has clarified (Circular Letter (CL) 004-2020) that the due date to submit the 2020–2021 volume of business declaration will be May 22, 2020 instead of April 22, 2020. This responds to the COVID-19 pandemic and the April 15 extension granted by the Puerto Rico Treasury Department to May 15. Businesses that want to take advantage of the 5% discount must pay the total tax balance due with the filing of the volume of business declaration or extension request on or before May 22, 2020. Taxpayers that request an extension will have a maximum extension of up to six months, until November 23, 2020, to file the volume of business declaration. The six-month extension of time to file the volume of business declaration is not automatic. Therefore, it is important to confirm the declaration's extended due date with each of the municipalities.
Document ID: 2020-0624 | |||||||||||||||||||||||
