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https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30127/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30127 - Deprec... | (a) Current depreciation.— A reasonable allowance for exhaustion, wear and tear, including a reasonable allowance for obsolescence of:
(1) Property used in trade or business,
(A) Using the applicable straight-line method and the recovery and acquisition period provided in § 30182 of this title for tangible property (ot... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30128/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30128 - Basis ... | (a) Basis for depreciation. — The basis upon which consumption, exhaustion, wear and tear, and obsolescence are to be allowed with respect to any property shall be the adjusted basis provided in § 30142(b) of this title in order to determine the gain in the sale or other disposition of the property.
(b) Basis for deple... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30129/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30129 - Contri... | (a) Subject to the provisions of this section, the contributions made by an employer to an employees’ trust or annuity plan and compensation under a deferred-payment plan may be deducted against gross income of the trade or business.
(1) General rule.— If contributions are paid by an employer to or under a stock bonus,... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30130/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30130 - Charit... | (a) In the case of a corporation:
(1) Contributions or gifts shall be deducted from gross income, whose payment has been made during the taxable year to or for the use of:
(A) The Government of Puerto Rico, the United States, any state, territory, or any political subdivision of any of the foregoing, the District of Co... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30131/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30131 - Deduct... | (a) In the case of an employer in a private company, there shall be allowed a deduction of four hundred dollars ($400) for each severely handicapped person who is employed during at least twenty (20) hours a week for nine (9) months of the taxable year. The deduction may be claimed for a maximum of five (5) severely ha... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30132/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30132 - Agricu... | (a) Allowance. — In the case of a bona fide farmer, duly certified as such by the Secretary of Agriculture, there shall be allowed a deduction of ninety percent (90%) of the farmer’s net income from the agricultural business declared in the corresponding income tax return filed within the term prescribed by this part.
... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30133/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30133 - Alimon... | (a) General rule.— In the case of an individual, he/she may deduct an amount equal to the alimony or separate maintenance payments paid during the taxable year.
(b) Definition of alimony or separate maintenance payment.— For purposes of this section, the term “alimony or separate maintenance payment” means any alimony ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30134/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30134 - Net op... | (a) Definition of net operating loss.— As used in this section, the term “net operating loss” means the excess of the deductions and exemptions allowed by this part over gross income, with the exemptions, additions, and limitations specified in subsection (d). In the case of taxpayer other than a corporation or partner... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30135/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30135 - Deduct... | (a) For purposes of this section, the taxpayer may claim the following items as deduction:
(1) Deduction for interest paid or accrued on residential property.—
(A) In general.— In the case of individuals, interest paid shall be allowed as a deduction, including interest paid by a tenant-stockholder of a cooperative hou... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30136/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30136 - Specia... | (a) In the case of an individual whose main source of income consists of the income described in clauses (1), (2), (3), and (5) of subsection (a) of § 30101 of this title, or that part of clause (4) of said subsection related to pensions granted or to be granted by the retirement systems or funds subsidized by the Gove... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30137/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30137 - Non-de... | (a) General rule.— In computing the net income, in no case shall deductions be allowed with respect to:
(1) Personal expenses, of subsistence, of family or those related to the exercise of a profession or occupation as an employee, except those expenses deductible according to the provisions of § 30135 of this title.
(... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30138/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30138 - Allowa... | (a) In the case of an individual, the exemptions provided by this section shall be allowed as deductions in computing net income:
(1) Personal exemption.—
(A) In the case of an individual taxpayer, a personal exemption of three thousand five hundred dollars ($3,500).
(B) In the case of married individuals living togeth... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30139/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30139 - Deduct... | (a) Dividends received. — Eighty-five percent (85%) of the amount received as dividends from a domestic corporation that is subject to taxation under this part, or from industrial development income subject to taxation under this part, but the deduction shall not exceed eighty-five percent (85%) of the net income of th... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-c/30140/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter C - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter C - Deductions (§§ 30121 — 30140) › § 30140 - Deduct... | (a) In the case of individuals who are taxpayers who have earned income subject to preferred rates of twenty thousand dollars ($20,000) or more during the taxable year, in computing the net income subject to regular taxes for said year, there shall not be allowed as deduction such part thereof described in § 30135 of t... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-d/30141/1/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter D - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter D - Determination of Capital Gains and Losses (§§ 30... | (a) Definitions.— As used in this part:
(1) Capital assets.— The term “capital assets” means property held by the taxpayer (whether or not connected with his/her trade or business), but does not include:
(A) Stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-d/30141/2/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter D - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter D - Determination of Capital Gains and Losses (§§ 30... | (a) Definitions.— As used in this part:
(1) Capital assets.— The term “capital assets” means property held by the taxpayer (whether or not connected with his/her trade or business), but does not include:
(A) Stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-d/30142/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter D - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter D - Determination of Capital Gains and Losses (§§ 30... | (a) Unadjusted basis of property.— The basis of property shall be the cost of such property, except that:
(1) Inventory value.— If the property should have been included in the last inventory, the basis shall be the last inventory value thereof.
(2) Gifts after December 31, 1923.—
(A) Property acquired by gift after De... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-d/30143/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter D - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter D - Determination of Capital Gains and Losses (§§ 30... | (a) Computation of gain or loss. — The gain from the sale or other disposition of property shall be the excess of the amount realized therefrom over the adjusted basis provided in § 30142(b) of this title for determining gain, and the loss shall be the excess of the adjusted basis provided in such section for determini... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-d/30144/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter D - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter D - Determination of Capital Gains and Losses (§§ 30... | (a) General rule.— In the sale or exchange of property, the total amount of the gain or loss determined under § 30143 of this title shall be recognized, except for the provisions of this section hereinafter.
(b) Exchanges solely in kind.—
(1) Property held for productive use or investment.— No gain or loss shall be rec... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-d/30145/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter D - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter D - Determination of Capital Gains and Losses (§§ 30... | Amounts paid to a dealer, by its principal or grantor, on account of a dealer’s contract cancellation (if the dealer has a substantial capital investment in the dealership) shall be considered as amounts received in exchange for such agreement.
History —Jan. 31, 2011, No. 1, § 1034.05, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-d/30146/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter D - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter D - Determination of Capital Gains and Losses (§§ 30... | (a) General rule.— For purposes of this part, if a purchasing corporation makes an election under this section (or is treated under subsection (d) of this section as having made such an election), then, in the case of any qualified stock purchase, the target corporation:
(1) Shall be treated as having sold all of its a... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-d/30147/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter D - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter D - Determination of Capital Gains and Losses (§§ 30... | (a) In the case of any loss claimed to have been sustained from any sale or other disposition of shares of stock or securities where it appears that, within a period beginning thirty (30) days before the date of such sale or disposition and ending thirty (30) days after such date, the taxpayer has acquired by purchase ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-d/30148/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter D - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter D - Determination of Capital Gains and Losses (§§ 30... | (a) General rule. — In the case of any bond, as defined in subsection (d), the following rules shall apply to the amortizable bond premium determined under subsection (b):
(1) Taxable bonds. — In the case of a bond other than a bond the interest on which is tax-exempt under this part, the amount of the amortizable bond... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-d/30149/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter D - De... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter D - Determination of Capital Gains and Losses (§§ 30... | (a) Dividend defined.—
(1) For purposes of this part (except insurance company dividends paid to policy holders), the term “dividend” means any distribution of property made by a corporation to its shareholders whether it is money or property,
(A) out of its earnings or profits accumulated after February 28, 1913, or
(... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-e/30151/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter E - In... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter E - Income Source Rules (§§ 30151 — 30157) › § 30151... | (a) Gross income from sources within Puerto Rico. — The following items of gross income shall be treated as income from sources within the Puerto Rico:
(1) Interest. — Interest on bonds, notes, or other interest-bearing obligations of resident persons, whether natural or juridical, not including:
(A) Interest on deposi... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-e/30152/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter E - In... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter E - Income Source Rules (§§ 30151 — 30157) › § 30152... | (a) Gross income from sources outside Puerto Rico. — The following gross income items shall be treated as income from sources outside Puerto Rico:
(1) Interest not derived from sources within Puerto Rico, as provided in § 30151(a)(1) of this title;
(2) dividends and benefits not derived from sources within Puerto Rico ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-e/30153/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter E - In... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter E - Income Source Rules (§§ 30151 — 30157) › § 30153... | (a) Except as provided in this section or §§ 30154 and 30155 of this title, any gain, profit or income derived from the sale or exchange of personal property,
(1) By a domestic corporation or by a Puerto Rico resident shall constitute income from sources within Puerto Rico; and
(2) by a foreign corporation or by an ind... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-e/30154/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter E - In... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter E - Income Source Rules (§§ 30151 — 30157) › § 30154... | (a) In general. —
(1) Items of gross income, expenses, loss and deductions other than those specified in §§ 30151 and 30152 of this title shall be allocated or apportioned to sources within or outside Puerto Rico under the rules and regulations prescribed by the Secretary. Where items of gross income are separately all... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-e/30155/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter E - In... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter E - Income Source Rules (§§ 30151 — 30157) › § 30155... | (a) In general. — For purposes of this part, to determine the income, gain or loss which shall be treated as effectively connected with the active conduct of a trade or business within Puerto Rico, the rules provided in subsection (f) and the definitions established in subsection (h) of Section 1123 of Act No. 120 of O... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-e/30156/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter E - In... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter E - Income Source Rules (§§ 30151 — 30157) › § 30156... | (a) Sources rules. —
(1) Person of Puerto Rico. — In the case of any natural or juridical person of Puerto Rico, fifty percent (50%) of any international communications income shall be sourced in Puerto Rico and fifty percent (50%) of such income shall be sourced outside Puerto Rico.
(2) Foreign persons. —
(A) In gener... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1005/subchapter-e/30157/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157)›Subchapter E - In... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1005 - Computation of Taxable Income (§§ 30101 — 30157) › Subchapter E - Income Source Rules (§§ 30151 — 30157) › § 30157... | (a) Transportation beginning and ending in Puerto Rico. — Except as otherwise provided in this section, all transportation income attributable to transportation which begins and ends in Puerto Rico shall be treated as totally derived from sources within Puerto Rico.
(b) Transportation having Puerto Rico connection. — T... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1006/30171/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182)›§ ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182) › § 30171 - Period for computation of taxable inco... | (a) Computation of taxable income. — Taxable income shall be computed on the basis of the taxpayer’s taxable year.
(b) Taxable year. — For purposes of this part, the term “taxable year” means:
(1) The taxpayer’s annual accounting period, if it is a calendar year or a fiscal year;
(2) the calendar year, if subsection (g... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1006/30172/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182)›§ ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182) › § 30172 - General rule for methods of accounting | (a) General rule.— Taxable income shall be computed under the method of accounting on the basis of which the taxpayer regularly computes his/her income in keeping his/her books.
(b) Exceptions.— If no method of accounting has been regularly used by the taxpayer, or if the method used does not clearly reflect taxable in... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1006/30173/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182)›§ ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182) › § 30173 - Taxable year for which items of gross ... | The amount of any item of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under the methods of accounting permissible under § 30172 of this title, such amount is to be properly accounted for as of a different period. In the case of the death of a taxpay... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1006/30174/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182)›§ ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182) › § 30174 - Taxable year for which deductions and ... | (a) General rule. — The amount of any deduction or credit allowed by this part shall be taken for the taxable year in which they were “paid and incurred” or “paid and accrued” depending on the method of accounting used in computing taxable income, unless that to clearly reflect the income, the deductions and the credit... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1006/30175/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182)›§ ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182) › § 30175 - Installment sales | (a) Personal property dealer. — A person who regularly sells or otherwise disposes of personal property through the installment plan may, in the manner prescribed by the Secretary through regulations, declare on any taxable year as income from said transactions, a ratable part of the installment payments effectively re... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1006/30176/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182)›§ ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182) › § 30176 - Long-term contracts | (a) In general. —
(1) The period during which income from long-term contracts are recognized shall be determined based on any of the methods described in subsection (b), provided that the used method clearly shows the net income earned by the taxpayer with respect to the long-term contract, and
(A) the method used is t... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1006/30177/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182)›§ ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182) › § 30177 - Last-in first-out goods inventory meth... | (a) The taxpayer may use the following method, whether or not prescribed under § 30101(a)(2)(B) of this title, in inventorying goods specified in an application required under subsection (b):
(1) Inventory them at cost;
(2) treat those remaining on hand at the close of the taxable year as being: first, those included i... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1006/30178/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182)›§ ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182) › § 30178 - Incentive stock option | (a) In general.— If corporate stock is transferred to an individual in a transference with respect to which the provisions of subsection (b) are complied with:
(1) No income shall be recognized at the time the individual exercises the option with respect to such stock, not at the time in which the transfer of such stoc... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1006/30179/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182)›§ ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182) › § 30179 - Allocation of income and deductions | In any case of two or more organizations, trades, or businesses, whether or not incorporated, whether or not organized in Puerto Rico, and whether or not affiliated, owned or controlled directly or indirectly by the same interests, the Secretary is authorized to distribute, apportion, or allocate gross income and deduc... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1006/30180/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182)›§ ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182) › § 30180 - Change of accounting period | If a taxpayer changes his/her accounting period from fiscal year to calendar year, from calendar year to fiscal year, or from one fiscal year to another, the net income shall, with the approval of the Secretary, be computed on the basis of such new accounting period, subject to the provisions of § 30264 of this title.
... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1006/30181/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182)›§ ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182) › § 30181 - Method of flexible depreciation | (a) Flexible depreciation deduction. —
(1) General rule. — In the case of flexibly depreciable property with respect to which the option provided in subsection (b) is effective for the taxable year, a taxpayer, in computing his/her net income for said taxable year, may deduct the whole, or any part, or no part, of the ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1006/30182/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182)›§ ... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1006 - Accounting Periods and Methods of Accounting (§§ 30171 — 30182) › § 30182 - Accelerated cost recovery depreciation... | (a) Election to use the accelerated depreciation method.—
(1) The election to use the accelerated depreciation method shall be made with the corresponding income tax return for the first taxable year in which the deduction is claimed, in the form and manner established by regulations. The election to use the accelerate... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-a/30201/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter A - Nonrefundabl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter A - Nonrefundable Credits (§§ 30201 — 30210d) › § 30201 - Taxe... | (a) Allowance of credit. — If the taxpayer elects to avail him/herself of the benefits provided in this section, the tax imposed by this part, except the tax imposed under § 30075 of this title, shall be credited to:
(1) Citizens and domestic corporations. — In the case of an individual who is a United States citizen r... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-a/30202/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter A - Nonrefundabl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter A - Nonrefundable Credits (§§ 30201 — 30210d) › § 30202 - Cred... | (a) Allowance of credit. — There shall be allowed as a credit against the tax imposed by this part an amount equal to the minimum tax credit.
(b) Minimum tax credit. — For purposes of subsection (a), the minimum tax credit for any taxable year is the excess, if any, of:
(1) The net minimum tax imposed for all prior tax... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-a/30203/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter A - Nonrefundabl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter A - Nonrefundable Credits (§§ 30201 — 30210d) › § 30203 - Alte... | (a) Alternative minimum tax foreign tax credit. — For purposes of § 30073 of this title:
(1) In general. — The alternative minimum tax foreign tax credit for any taxable year shall be the credit which would be determined under § 30201 of this title for such taxable year if:
(A) The amount determined under § 30073(b) of... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-a/30204/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter A - Nonrefundabl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter A - Nonrefundable Credits (§§ 30201 — 30210d) › § 30204 - Cred... | The credit against tax for investment and loss of investment in securities of qualified businesses shall be regulated by the corresponding provisions of law which are in force or any others that may be approved to that effect.
History —Jan. 31, 2011, No. 1, § 1051.04, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-a/30205/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter A - Nonrefundabl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter A - Nonrefundable Credits (§§ 30201 — 30210d) › § 30205 - Inve... | (a) The tax imposed by this part on the dividends derived from industrial development income received by corporations organized under the laws of any state of the United States engaged in trade or business in Puerto Rico shall be credited by three percent (3%) of the investment made by the subsidiary before January 1, ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-a/30206/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter A - Nonrefundabl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter A - Nonrefundable Credits (§§ 30201 — 30210d) › § 30206 - Cred... | (a) Amount of the credit. — A tax credit shall be granted against the tax imposed by this part for donations made or generated as a result of the efforts of the Santa Catalina Palace Endowment. The amount of said credit shall be one hundred percent (100%) of the amount donated during the taxable year.
(b) This credit s... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-a/30207/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter A - Nonrefundabl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter A - Nonrefundable Credits (§§ 30201 — 30210d) › § 30207 - Cred... | (a) In general.—
(1) Every eligible business that increases the purchase of Puerto Rican agricultural products in lieu of products imported to be sold locally, may claim a credit against the tax imposed under §§ 30041 et seq. of this title, as provided in this section.
(2) Amount of credit.— The credit provided in this... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-a/30208/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter A - Nonrefundabl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter A - Nonrefundable Credits (§§ 30201 — 30210d) › § 30208 - Tax ... | (a) Notwithstanding the provisions of this part and of subsection (b) of this section, for each taxable year starting after December 31, 2008, and before January 1, 2012, no credit may be claimed against the taxes imposed by this part on account of credits subject to moratorium prescribed in subsection (b) of this sect... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-a/30209/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter A - Nonrefundabl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter A - Nonrefundable Credits (§§ 30201 — 30210d) › § 30209 - Cred... | (a) Any eligible business that purchases eligible products manufactured in Puerto Rico, including components and accessories, shall be entitled to claim a credit against the taxes established in this part, as provided in subsection (c) of this section.
(b) Definitions.— For purposes of this section:
(1) Eligible busine... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-a/30210/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter A - Nonrefundabl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter A - Nonrefundable Credits (§§ 30201 — 30210d) › § 30210 - Cred... | (a) Amount of the credit.— A tax credit shall be granted against the tax imposed by this part for donations made to foundations of former governors for operating expenses and such expenses relating to the purposes for which they were created and/or those donations made to the Depository for Archives and Memorabilia of ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-a/30210a/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter A - Nonrefundabl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter A - Nonrefundable Credits (§§ 30201 — 30210d) › § 30210a - Rei... | (a) Granted or purchased credits.— Notwithstanding the provisions of this part and of any other special laws, any natural or juridical person that, before June 30, 2013, has purchased or has been granted any credit subject to moratorium listed in subsection (b) of this section may use the same against the income taxes ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-a/30210b/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter A - Nonrefundabl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter A - Nonrefundable Credits (§§ 30201 — 30210d) › § 30210b - Rei... | (a) No tax credits shall be granted after the effective date of this act, and for taxable years beginning after December 31, 2012, and before January 1, 2016; thus, no agency, public corporation, instrumentality, municipality, or entity of the Commonwealth of Puerto Rico may evaluate, process, grant, or extend any tax ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-a/30210c/1/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter A - Nonrefundabl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter A - Nonrefundable Credits (§§ 30201 — 30210d) › § 30210c - Rul... | (a) Any natural or juridical person that has purchased or has been assigned any of the credits subject to moratorium before June 30, 2013, or under subsection (b) of § 30210b of this title, may claim the same against the taxes imposed under this part during the moratorium period only up to the amount set forth in the p... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-a/30210c/2/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter A - Nonrefundabl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter A - Nonrefundable Credits (§§ 30201 — 30210d) › § 30210c - Rul... | (a) Any natural or juridical person that has purchased or has been assigned any of the credits subject to moratorium before June 30, 2013, or under subsection (b) of § 30210b of this title, may claim the same against the taxes imposed under this part or any special law during the moratorium period only up to the amount... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-a/30210d/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter A - Nonrefundabl... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter A - Nonrefundable Credits (§§ 30201 — 30210d) › § 30210d - Cre... | (a) In general.— Any television station that purchases or broadcasts programs made in Puerto Rico by independent producers in which more than ninety percent (90%) of the actors employed are Puerto Rico residents, may claim a credit against the tax imposed under §§ 30041 et seq. of this title, as provided in this sectio... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-b/30211/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter B - Refundable C... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter B - Refundable Credits (§§ 30211 — 30214) › § 30211 - Earned i... | (a) Allowance of credit.— As provided in this section, there shall be allowed as a credit against income tax to any individual resident of Puerto Rico who earns gross income, as such term is defined in subsection (b) of this section, and who are not claimed as dependents of another taxpayers for the taxable year, as su... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-b/30212/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter B - Refundable C... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter B - Refundable Credits (§§ 30211 — 30214) › § 30212 - Credit f... | (a) General rule.— Any Puerto Rico Resident individual who has attained, on the last day of the taxable year, the age of sixty five (65) or more and who has not been claimed as a dependent by another taxpayer, shall be entitled to a refundable personal compensatory credit of four hundred dollars ($400), but only if the... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-b/30213/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter B - Refundable C... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter B - Refundable Credits (§§ 30211 — 30214) › § 30213 - Tax cred... | (a) Definitions.— For purposes of this section, the following terms, words, and phrases shall have the general meaning stated below, except when the context clearly indicates otherwise:
(1) Certification or certificate of credit.— Means the written grant issued pursuant to the provisions of this section whereby the Sec... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-b/30214/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter B - Refundable C... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter B - Refundable Credits (§§ 30211 — 30214) › § 30214 - Existing... | (a) Definitions.— For purposes of this section, the following terms, words, and phrases shall have the general meaning stated below, except when the context clearly indicates otherwise:
(1) Certification or certificate of credit.— Means the written grant issued pursuant to the provisions of this section whereby the Sec... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-c/30221/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter C - Credit For T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter C - Credit For Tax Withheld And Paid (§§ 30221 — 30230) › § 30... | The tax withheld at the source in accordance with § 30273 of this title with respect to payments made for services rendered shall be allowed as a credit against the tax imposed by this part.
History —Jan. 31, 2011, No. 1, § 1053.01, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-c/30222/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter C - Credit For T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter C - Credit For Tax Withheld And Paid (§§ 30221 — 30230) › § 30... | The amount of tax withheld at the source under § 30278 or § 30281, both of this title shall be allowed as a credit against the tax.
History —Jan. 31, 2011, No. 1, § 1053.02, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-c/30223/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter C - Credit For T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter C - Credit For Tax Withheld And Paid (§§ 30221 — 30230) › § 30... | The credit against the tax for tax overpayments imposed by this part for other taxable years shall be governed by the provisions of § 33022 of this title.
History —Jan. 31, 2011, No. 1, § 1053.03, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-c/30224/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter C - Credit For T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter C - Credit For Tax Withheld And Paid (§§ 30221 — 30230) › § 30... | (a) In general.— The amount deducted and withheld as tax under § 30271 of this title during any calendar year on the wages of any individual shall be allowed as a credit to the recipient of the income against the tax imposed by this part for the taxable year beginning in such calendar year. If more than one taxable yea... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-c/30225/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter C - Credit For T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter C - Credit For Tax Withheld And Paid (§§ 30221 — 30230) › § 30... | In the case of a taxpayer that has elected under § 30086(i)(2) of this title, to include the dividend distribution in the return as part of his/her net taxable income subject to regular tax, the amount of tax withheld at source, pursuant to § 30086 of this title, with respect to said payments shall be allowed as a cred... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-c/30226/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter C - Credit For T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter C - Credit For Tax Withheld And Paid (§§ 30221 — 30230) › § 30... | (a) The amount of tax withheld at source under § 30277 of this title with respect to the distributive share in a partnership or limited liability company subject to the provisions of §§ 30321 et seq. of this title, shall be allowed as a credit against the tax imposed by this part to the partners of a partnership or mem... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-c/30227/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter C - Credit For T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter C - Credit For Tax Withheld And Paid (§§ 30221 — 30230) › § 30... | The amount of tax withheld at the source under §§ 30274, 30280, and 30281 of this title with respect to the distributive share in a special partnership shall be allowed as a credit against the tax imposed by this part to the partners of a partnership.
History —Jan. 31, 2011, No. 1, § 1053.07, retroactive to Jan. 1, 201... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-c/30228/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter C - Credit For T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter C - Credit For Tax Withheld And Paid (§§ 30221 — 30230) › § 30... | The tax withheld at the source pursuant to § 30275 of this title with respect to the estimate of ascribed items in a corporation of individuals shall be allowed as a credit against the tax imposed by this part to the stockholders of a corporation of individuals.
History —Jan. 31, 2011, No. 1, § 1053.08, retroactive to ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-c/30229/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter C - Credit For T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter C - Credit For Tax Withheld And Paid (§§ 30221 — 30230) › § 30... | The amount of tax withheld at the source under § 30272 of this title with respect to indemnification payments received in judicial and extrajudicial proceedings shall be allowed as a credit against the tax imposed by this part.
History —Jan. 31, 2011, No. 1, § 1053.09, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1007/subchapter-c/30230/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1007 - Credits Against Tax (§§ 30201 — 30230)›Subchapter C - Credit For T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1007 - Credits Against Tax (§§ 30201 — 30230) › Subchapter C - Credit For Tax Withheld And Paid (§§ 30221 — 30230) › § 30... | The tax paid in accordance with § 30221 of this title (regarding the estimated tax payment by individuals) and § 30263 of this title (regarding the estimated tax paid by corporations) shall be allowed as a credit against the tax imposed by this part.
History —Jan. 31, 2011, No. 1, § 1053.10, retroactive to Jan. 1, 2011... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30241/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30241 - Indi... | (a) Requirement to file.— Each of the following individuals shall file a return which shall contain or shall be authenticated by means of a written statement or by electronic signature, in those cases in which electronic means are used to file a return, that such return is filed under penalty of perjury, on which it is... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30242/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30242 - Corp... | (a) Every corporation subject to taxation under this part shall file a return stating specifically the items of its gross income and the deductions and credits allowed by this part, and such other information, for the purpose of complying with the provisions of this part as the Secretary may by regulations prescribe. T... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30243/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30243 - Part... | (a) General rule.— Every partnership shall file a return for each taxable year, stating specifically the items of its gross income and the deductions allowable by this part, the names, address, and account numbers of partners who shall participate in the partnership’s gain or loss for such taxable year, and the amounts... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30244/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30244 - Limi... | (a) General rule.— Every limited liability company shall file a return for each taxable year, stating specifically the items of its gross income and the deductions allowable by this part, the names, address, and account numbers of members who have a distributive share in the limited liability company gain or loss for s... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30245/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30245 - Nonp... | (a) General rule. — Except as provided below, every tax-exempt organization under §§ 30471 et seq. of this title shall file an annual return which shall contain or be authenticated through a written statement attesting that the return is filed under penalty of perjury or through electronic signature in those cases in w... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30246/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30246 - Spec... | (a) General rule. — Every special partnership shall file a return for each taxable year, stating specifically the items of its gross income and the deductions allowable by this part, the names, address, and account numbers of partners who shall participate in the special partnership gain or loss for such taxable year, ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30247/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30247 - Corp... | (a) General rule.— Every corporation of individuals shall file a return for each taxable year, stating specifically the items of its gross income and the deductions allowable by this part, the names, address, and account numbers of shareholders who shall have a share in the gain or loss of the corporation of individual... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30248/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30248 - Regi... | (a) Any registered investment company that during its whole taxable year complies with the requirements and conditions established in § 30521 of this title and with any other law of the Government of Puerto Rico with respect to investment companies shall file an annual return stating specifically the items of its gross... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30249/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30249 - Esta... | (a) Filing of return. —
(1) General rule. — Any taxable estate or trust under the provisions of §§ 30411—30419 of this title shall file an annual return, under penalty of perjury, stating specifically the items of gross income, its money inflow and outflow, and any other information in the form and manner prescribed by... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30250/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30250 - Empl... | (a) Requirement to file. —
(1) Any trust exempt from taxation under §§ 30471(a)(4)(D) and 30391 of this title shall file an annual return under penalty of perjury, stating specifically the items of gross income, its money inflow and outflow, and any other information in the form and manner prescribed by the Secretary t... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30251/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30251 - Empl... | (a) General rule. — Every special employee-owned corporation shall file a return for each taxable year, stating specifically the items of its gross income and the deductions allowable by this part, the names, address, and account numbers of regular, special or corporate members who shall participate in the gain or loss... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30252/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30252 - Insu... | (a) Any insurance company subject to taxation under this part shall file a return not later than the fifteenth (15th) day of the fourth (4th) month following the close of its taxable year stating specifically the items of its gross income, the deductions and the credits allowed under this part and any other information... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30253/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30253 - Fidu... | (a) Requirement to file return. — Any fiduciary, except for trustees appointed by law who only hold part of the assets of an individual, shall file a sworn return on behalf of any of the following individuals, estates or trusts on whose behalf he/she is acting. Such return shall specifically state the items of gross in... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30254/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30254 - Real... | A real estate investment trust subject to taxation under the provisions of § 30401 of this title shall file an annual return stating specifically the items of its gross income, the money inflow and outflow, and any other information necessary to comply with the provisions of this part, and shall keep evidence, file swo... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30255/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30255 - Requ... | (a) Financial statements.-Any business, including an individual business, corporation, partnership, special partnership, limited liability company, corporation of individuals, insurance company, registered investment company, special employee-owned corporation, association, cooperative, real estate investment trust or ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30256/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30256 - Date... | (a) Filing date.—
(1) General rule.— Except as otherwise provided in this part, the returns filed on a calendar year basis shall be filed on or before April 15 following the close of the calendar year. The returns filed on a fiscal year basis shall be filed on or before the fifteenth (15th) day of the fourth (4th) mont... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30257/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30257 - Paym... | (a) Date of payment.— Except as otherwise provided in this part, the total amount of the tax imposed in this part shall be paid on April fifteen (15th) following the close of the calendar year or, if the return should have been filed on a fiscal year basis, then on the fifteenth (15th) day of the fourth (4th) month fol... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30258/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30258 - Retu... | The Secretary shall examine and determine the correct amount of tax as soon as possible.
History —Jan. 31, 2011, No. 1, § 1061.18, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30259/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30259 - Comp... | (a) Items stated in returns. — The Secretary is authorized to disregard, with respect to any amount required to be shown on a return and other related documents or schedules, any fractional part of a dollar when such amount consists of dollars and cents.
(b) Applicability to computation and payment of the tax. — The pr... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30260/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30260 - Obli... | (a) Requirement to pay estimated tax.— Any individual other than an estate or trust, or a nonresident individual, whose wages, as defined in § 30271(a) of this title, are not subject to withholding under said section and whose estimated tax for any taxable year, as computed in subsection (b) of this section, is greater... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30261/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30261 - Paym... | (a) Due date for payment of estimated tax.— The estimated tax shall be paid as follows:
(1) The due date of the first installment of the estimated tax required under § 30260 of this title is the fifteenth (15th) day of the fourth (4th) month of the taxable year, except as provided in clause (2) of this subsection. In t... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30262/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30262 - Spec... | (a) Farmers. — In the case of an individual whose estimated gross income from farming for the taxable year is at least two- thirds of the total estimated gross income from all sources for the taxable year, in lieu of the date prescribed in § 30261(a) of this title the due date to pay the estimated tax for the taxable y... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30263/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30263 - Esti... | (a) Requirement to pay the estimated tax.— Every corporation engaged in a trade or business in Puerto Rico, and subject to taxation under the provisions of this part, shall pay an estimated tax for the taxable year on the date provided in subsection (c), including the alternative minimum tax.
(b) Computation of the est... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-a/30264/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter A - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter A - Income Tax Returns (§§ 30241 — 30264) › § 30264 - Retu... | (a) Returns for short period due to change of accounting period.— When the taxpayer, with the approval of the Secretary, changes the basis on which the net income is computed from fiscal year to calendar year, the taxpayer shall file a separate return for the period comprised between the close of the last fiscal year f... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-b/30271/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter B - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter B - Income Tax Withholding at the Source (§§ 30271 — 30282... | (a) Definitions.— As used in this section:
(1) Wages.— The term “wages” means any remuneration for services rendered by an employee for his/her employer, and every remuneration as pension for services rendered, including the cash value of all remuneration paid by any medium other than cash; except that said term shall ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-b/30272/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter B - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter B - Income Tax Withholding at the Source (§§ 30271 — 30282... | (a) Indemnity payments received on judicial proceedings or in extrajudicial claims that constitute taxable income for the purpose of this part.— Every employer, insurance company or any other person required to make indemnity payments under a court order or extrajudicial claim, shall be required to withhold seven perce... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-b/30273/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter B - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter B - Income Tax Withholding at the Source (§§ 30271 — 30282... | (a) General rule.— The Government of Puerto Rico and every natural or juridical person who, in the exercise of a trade or business activity or for the generation of income in Puerto Rico, makes payments to another person by reason of services rendered, and every payer who makes payments to a health service provider for... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-b/30274/ | PR | Justia›US Law›US Codes and Statutes›Laws of Puerto Rico›2023 Laws of Puerto Rico›TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423)›Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423)›PART II - Income Taxes (§§ 30041 — 30622)›Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303)›Subchapter B - Income T... | 2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 17 - Internal Revenue Code of 2011 (§§ 30001 — 33423) › PART II - Income Taxes (§§ 30041 — 30622) › Chapter 1008 - Tax Returns and Payment (§§ 30241 — 30303) › Subchapter B - Income Tax Withholding at the Source (§§ 30271 — 30282... | (a) Requirement to withhold.— The partner to whom the administration of the special partnership has been delegated, or any other persons to whom the obligation to furnish the report described in § 30246(b) of this title to the partners has been delegated, shall determine and remit an amount equal to:
(1) Thirty percent... |
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Unemployment Word Count by State
Calculates the total word count of documents related to unemployment in each state, revealing insights into the volume of unemployment-related content by location.
CO Title 8 Word Count
Calculates the total number of words in the content of entries related to 'Title 8' in Colorado, providing insight into the volume of text data available for that specific category and state.