On May 17, 2019, the Puerto Rico Department of the Treasury (“PR Treasury”) issued Internal Revenue Informative Bulletin No. 19-07, granting an additional extension until June 30, 2019 for employers to request the Federal...more
5/28/2019
/ Compensation & Benefits ,
Emergency Management Plans ,
Federal Aid ,
Hurricane Irma ,
Hurricane Maria ,
IRS ,
Natural Disasters ,
Puerto Rico ,
Retention Funds ,
Tax Relief ,
Time Extensions ,
Treasury
The Puerto Rico Department of the Treasury (“PR Treasury”) has issued Internal Revenue Informative Bulletin No. 19-01, extending until March 31, 2019 the deadline to request the Federal Employee Retention Benefit (“Benefit”)...more
On November 15, 2017, the Puerto Rico Department of the Treasury (the "PR Treasury") issued Administrative Determination Number 17-29 ("AD 17-29") to provide special rules and procedures applicable to distributions from...more
11/21/2017
/ Compensation & Benefits ,
Employee Benefits ,
Executive Orders ,
Hardship Distributions ,
Hurricane Maria ,
Income Taxes ,
Individual Retirement Account (IRA) ,
Natural Disasters ,
Puerto Rico ,
Qualified Retirement Plans ,
Retirement Plan
On November 8, 2017, the Governor of Puerto Rico signed Executive Order No. 2017-067 (“EO 2017-067”) authorizing the Secretary of the Department of the Treasury (the “PR Treasury”) to establish tax rules for distributions...more