Kevane Grant Thornthon LLP

Accesa la presentación de Kevane sobre los aspectos contributivos generales, propósito y estrategias para maximizar la planificación sucesoral en Puerto Rico.

Changes in the file transmission layout for fiscal terminals

The Puerto Rico Treasury Department has established new guidelines in relation with the file transmission layout for fiscal terminals.

Due date for estimated tax payment

Act 257 and recently enacted Act 60 introduce the optimal tax computation for self employed individuals and "other entities", for taxable years commenced after December 31, 2018.

The CPA role in the opportunity zones space

List of Priority Projects within Opportunity Zones

The Qualified Opportunity Zones Priority Project Committee has published the list of Priority Projects within Opportunity Zones in Puerto Rico.

Puerto Rico's economic development opening with Acts 20/22 and Opportunity Zones

Reduced SUT rate on prepared foods and other SUT topics

US income tax return due date and requirements

For those taxpayers that requested an extension to file their income tax return, October 15 represents the final due date. It is important to keep in mind important requirements regarding foreign information that may have to be included in your income tax return.

  • Audit - EITF discusses three issues at June 13 meeting
  • Tax - Puerto Rico new incentives code
  • Advisory - Finance function transformation
  • Outsourcing - State Unemployment and Disability Return

Incentives for Opportunity Zones funds

Our eigth and last article of a tax incentives series updates the Opportunity Zone Program, which was originally adopted in Puerto Rico on May 14, 2019 by Act 21-2019.

Incentives for agricultural, film, young entrepreneurs, and other industries

To continue our series and keep you informed of the most important changes to the incentives in Puerto Rico, we turn our attention to:

  • Bona Fide Farmers and Agricultural Businesses
  • Economic Incentives for the Film Industry of Puerto Rico
  • Incentives for Young Entrepreneurs
  • Business Incubator Incentive Program
  • Exemptions to Public Air Transport Services
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