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https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-b/30275/ | 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 corporation, or any other persons to whom the obligation to furnish the report described in § 30247(b) of this title to shareholders has been delegated, shall determine and remit an amount equal to:
(1) Thirty percent (30%) of the estimated amount of the distributive share of a shareho... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-b/30277/ | 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 or member to whom has been delegated the administration of a partnership or limited liability company subject to the provisions of §§ 30321 et seq. of this title, or any other persons to whom have been delegated the duty to deliver the report to the partners as described in § 3... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-b/30278/ | 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.—
(1) In general.—
(A) All persons, in whatever capacity acting, including lessees or mortgagors of real or personal property, fiduciaries, employers, and all officers and employees of the Government of Puerto Rico, and its agencies, instrumentalities, and political subdivisions, having the ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-b/30279/ | 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) Withholding requirements. — Except as otherwise provided in this subchapter, in those cases in which the recipient of the interest exercises the option provided in § 30084(b) of this title or § 30085(c) of this title, the payer of interest described in subsection (a) of said sections shall deduct and withhold a tax... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-b/30280/ | 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 or shareholder to whom the administration of the special partnership or of the corporation of individuals has been delegated, or any other persons to whom the requirement to furnish the report described in §§ 30242 or 30247 of this title to the partners or stockholders, has bee... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-b/30281/ | 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.—
(1) General rule.— In the case of foreign corporations and partnerships not engaged in trade or business in Puerto Rico, there shall be deducted and withheld at the source, in the same manner and on the same items of income that are provided for in §§ 30278 (including its subsection (g)) a... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-b/30282/ | 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) Tax in jeopardy. —
(1) Departure of taxpayer or removal of property from Puerto Rico. — If the Secretary determines that a taxpayer intends to depart suddenly from Puerto Rico or to remove his/her property therefrom, or to conceal him/herself or his/her property therein, or to do any other act tending to prejudice ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-c/30291/ | 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 C - Informat... | 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 C - Information Returns (§§ 30291 — 30303) › § 30291 - Inf... | (a) Payments of fixed or determinable income of five hundred dollars ($500) or more. — All persons engaged in a trade or business in Puerto Rico, including lessees or mortgagors of personal or real property, fiduciaries and employers who made payments to individuals for rents, salaries, wages, premiums, annuities, comp... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-c/30292/ | 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 C - Informat... | 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 C - Information Returns (§§ 30291 — 30303) › § 30292 - Inf... | (a) Any financial business, as this term is defined in subsection (c), and every broker shall file a report to the Secretary under such regulations and in such form, manner, and extent as prescribed by him/her through regulations, of each deposit, withdrawal, currency exchange, payment, investment, transfer, or purchas... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-c/30293/ | 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 C - Informat... | 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 C - Information Returns (§§ 30291 — 30303) › § 30293 - Rep... | (a) Any person who credits or makes payments of fifty dollars ($50) or more for interest as described in § 30084 or 30085 of this title to any individual and is required under § 30279 of this title to withhold taxes on the payment of such interest, shall file a return in accordance with the forms and regulations prescr... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-c/30294/ | 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 C - Informat... | 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 C - Information Returns (§§ 30291 — 30303) › § 30294 - Inf... | (a) Information with respect to mortgage interest received. — Any person who is engaged in a trade or business in Puerto Rico and that, in the operation of said trade or business, receives from any individual interest on any mortgage, shall be required to file an annual information return, as provided in subsection (b)... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-c/30295/ | 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 C - Informat... | 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 C - Information Returns (§§ 30291 — 30303) › § 30295 - Inf... | (a) Dividend or profit payments. — Every corporation or partnership shall file, on or before February 28 of the following year, a correct and duly sworn return of its payments of dividends or profits, stating the name, address, and account number of each shareholder or partner, the number of shares of stock he/she owns... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-c/30296/ | 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 C - Informat... | 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 C - Information Returns (§§ 30291 — 30303) › § 30296 - Sta... | (a) Any person doing business as a broker or stockbroker, as determined by the Secretary through regulations, including financial institutions established in § 30292(c) of this title, acting as a broker or stockbroker shall submit to the Secretary a true and exact statement containing the name, residential or mailing a... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-c/30297/ | 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 C - Informat... | 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 C - Information Returns (§§ 30291 — 30303) › § 30297 - Inf... | (a) Any financial business, as such term is defined in subsection (d), and any stock broker shall file with the Secretary, pursuant to such regulations and in such form or manner prescribed through regulations by the latter or other general written communication, an information return to be known as Approved Amount Tra... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-c/30298/ | 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 C - Informat... | 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 C - Information Returns (§§ 30291 — 30303) › § 30298 - Inf... | (a) Certain tax-exempt organizations.— Any organization described in clauses (1) and (2) of subsection (a) of § 30471 of this title, which is subject to the requirements of § 30245 of this title shall provide information annually, at the time and in the manner that the Secretary may prescribe by forms or regulations, s... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-c/30299/ | 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 C - Informat... | 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 C - Information Returns (§§ 30291 — 30303) › § 30299 - Reg... | (a) In general.— The Secretary may require that the information statements that must be filed under the provisions of this part, be filed using magnetic or electronic means. The Secretary shall promulgate the regulations needed to establish the standards that shall apply when electronic means are required to be used fo... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-c/30300/ | 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 C - Informat... | 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 C - Information Returns (§§ 30291 — 30303) › § 30300 - Ann... | Any teller or withholding agent who is required to make the deduction and withholding at source, imposed by §§ 30086, 30272, and 30279 of this title as well as any deduction and withholding at the source imposed under §§ 10641 et seq. of this title, known as the “Economic Incentives Act for the Development of Puerto Ri... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-c/30301/ | 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 C - Informat... | 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 C - Information Returns (§§ 30291 — 30303) › § 30301 - Inf... | (a) Information regarding payment of automobile lease. — Any person engaged in a trade or business in Puerto Rico, and that in the operation of said trade or business, received from any individual, business, partnership, or corporation payments on account of vehicle leasing, pursuant to the provisions of § 30127(a)(3)(... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-c/30302/ | 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 C - Informat... | 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 C - Information Returns (§§ 30291 — 30303) › § 30302 - Rep... | (a) Any person, in whatever capacity acting, that credits or makes payments of payments of five hundred dollars ($500) or more for interest, rents dividends, or pensions, annuities or any other item of income subject to alternate base tax shall be required to report such payments to the Secretary and the individual, in... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1008/subchapter-c/30303/ | 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 C - Informat... | 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 C - Information Returns (§§ 30291 — 30303) › § 30303 - Inf... | (a) Any person required to deduct and withhold any tax under the provisions of § 30391(b)(3) of this title shall furnish an information declaration to the recipient of the distribution or payment and file with the Secretary a return relating to the tax deducted and withheld not later than February 28th of the following... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/30321/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›§ 30321 - Definitions | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › § 30321 - Definitions | (a) Partnership.—
(1) In general.-For purposes of this part, the term “partnership” includes a syndicate, group, pool, joint venture, or other unincorporated organization through or by means of which any business, financial operation, or venture is carried on, and which is not, within the meaning of this part, a corpor... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-a/30331/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter A - Tax Im... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter A - Tax Imposition (§§ 30331 — 30339) › § 30331 - Tax im... | A partnership subject to the provisions of this chapter shall not be subject to the income tax imposed by this part. The persons carrying on business as partners shall be liable for income tax only in their separate or individual capacities. For the purpose of this part, any partner of a partnership engaged in a trade ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-a/30332/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter A - Tax Im... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter A - Tax Imposition (§§ 30331 — 30339) › § 30332 - Income... | (a) General rule.— In determining his/her income tax, each partner shall take into account separately his/her distributive share of the partnership’s (subject to the conditions and limitations provided in this chapter) for any of its taxable years ending within or simultaneously with the taxable year of the partner, re... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-a/30333/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter A - Tax Im... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter A - Tax Imposition (§§ 30331 — 30339) › § 30333 - Partne... | (a) Income and deductions. — The net taxable income of a partnership for any taxable year shall be computed in the same manner as in the case of an individual except that:
(1) The items described in § 30332(a) of this title, shall be separately stated; and
(2) the following deductions shall not be allowed to the partne... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-a/30334/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter A - Tax Im... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter A - Tax Imposition (§§ 30331 — 30339) › § 30334 - Partne... | (a) Effect of partnership agreement.— A partner’s distributive share of income, gain, loss, deduction, or credit shall, except as otherwise provided in this chapter, be determined by the partnership agreement.
(b) Determination of distributive share.—
(1) In general.— A partner’s distributive share of income, gain, los... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-a/30335/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter A - Tax Im... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter A - Tax Imposition (§§ 30331 — 30339) › § 30335 - Determ... | (a) General rule.— The adjusted basis of a partner’s interest in a partnership shall be the basis of such interest determined under § 30342 of this title (relating to contributions to a partnership) or § 30362 of this title (relating to transfers of partnership interests)—
(1) Increased by the sum of his/her distributi... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-a/30336/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter A - Tax Im... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter A - Tax Imposition (§§ 30331 — 30339) › § 30336 - Taxabl... | (a) Year in which partnership income is includible.— In computing the taxable income of a partner for a taxable year, the inclusions required by §§ 30332 and 30337(c) of this title with respect to a partnership shall be based on the income, gain, loss, deduction, or credit of the partnership for any taxable year of the... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-a/30337/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter A - Tax Im... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter A - Tax Imposition (§§ 30331 — 30339) › § 30337 - Transa... | (a) Partner not acting in capacity as partner. —
(1) In general. — If a partner engages in a transaction with a partnership other than in his/her capacity as a member of such partnership, the transaction shall, except as otherwise provided in this section, be considered as occurring between the partnership and one who ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-a/30338/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter A - Tax Im... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter A - Tax Imposition (§§ 30331 — 30339) › § 30338 - Contin... | (a) General rule. — For purposes of this chapter, an existing partnership shall be considered as continuing if it is not terminated.
(b) Termination. —
(1) General rule. — For purposes of subsection (a), a partnership shall be considered as terminated only if:
(A) No part of any business, financial operation, or ventur... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-a/30339/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter A - Tax Im... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter A - Tax Imposition (§§ 30331 — 30339) › § 30339 - Treatm... | (a) General rule.— Except as provided in subsection (b), no deduction shall be allowed to the partnership or to any partner for any amounts paid or incurred to organize a partnership or to promote the sale of, or to sell, an interest in such partnership.
(b) Deduction of organization fees.—
(1) Allowance of deduction.—... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-b/30341/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter B - Comput... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter B - Computation on Contributions (§§ 30341 — 30344) › § ... | (a) General rule. — No gain or loss shall be recognized to a partnership or to any of its partners in the case of a contribution of money or other property to the partnership in exchange for an interest in the partnership, except as provided in subsections (b), (c), (d) and (e) of this section.
(b) Flexibly depreciable... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-b/30342/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter B - Comput... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter B - Computation on Contributions (§§ 30341 — 30344) › § ... | The basis of an interest in a partnership acquired by a contribution of property, including money, to the partnership shall be the amount of such money and the adjusted basis of such property to the contributing partner at the time of the contribution increased by the amount (if any) of gain recognized under subsection... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-b/30343/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter B - Comput... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter B - Computation on Contributions (§§ 30341 — 30344) › § ... | The basis of property contributed to a partnership by a partner shall be the adjusted basis of such property to the contributing partner at the time of the contribution increased by the amount (if any) of gain recognized under subsection (b), (c), (d) or (e) of § 30341 of this title to the contributing partner at such ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-b/30344/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter B - Comput... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter B - Computation on Contributions (§§ 30341 — 30344) › § ... | (a) Contributions of unrealized receivables. — In the case of any property which:
(1) Was contributed to the partnership by any partner, and
(2) was an unrealized receivable in the hands of such partner immediately before such contribution, any gain or loss recognized by the partnership on the disposition of such prope... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-c/30351/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter C - Comput... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter C - Computations in Distributions (§§ 30351 — 30357) › §... | (a) Partners. — In the case of a distribution by a partnership to a partner:
(1) Gain shall not be recognized to such partner, except to the extent that any money distributed exceeds the adjusted basis of such partner’s interest in the partnership immediately before the distribution, and
(2) loss shall not be recognize... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-c/30352/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter C - Comput... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter C - Computations in Distributions (§§ 30351 — 30357) › §... | (a) General rule. — The basis of property, other than money, distributed by a partnership to a partner other than in liquidation of the partner’s interest in the partnership shall be its adjusted basis of the property to the partnership immediately before such distribution. The basis to the distributee partner of prope... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-c/30353/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter C - Comput... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter C - Computations in Distributions (§§ 30351 — 30357) › §... | In the case of a distribution by a partnership to a partner other than in liquidation of a partner’s interest, the adjusted basis to such partner of his/her interest in the partnership shall be reduced (but not below zero) by:
(1) The amount of any money distributed to such partner, and
(2) the amount of the basis attr... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-c/30354/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter C - Comput... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter C - Computations in Distributions (§§ 30351 — 30357) › §... | (a) General rule. — The basis of partnership property shall not be adjusted as the result of a distribution of property to a partner unless the election provided in § 30374 of this title (relating to optional adjustment to basis of partnership property) is in effect with respect to such partnership, or unless there is ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-c/30355/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter C - Comput... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter C - Computations in Distributions (§§ 30351 — 30357) › §... | (a) Sale or exchange of certain distributed property.—
(1) Unrealized receivables.— Gain or loss on the disposition by a partner of unrealized receivables (as defined in § 30371(c) of this title) distributed by a partnership, shall be considered ordinary.
(2) Inventory items.— Gain or loss on the sale or exchange by a ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-c/30356/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter C - Comput... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter C - Computations in Distributions (§§ 30351 — 30357) › §... | (a) Payments considered as distributive share or guaranteed payment. — Payments made in liquidation of the interest of a retiring partner or a decedent partner shall, except as provided in subsection (b), be considered:
(1) As a distributive share to the recipient of partnership income if the amount thereof is determin... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-c/30357/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter C - Comput... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter C - Computations in Distributions (§§ 30351 — 30357) › §... | (a) General rule. — In the case of any distribution by a partnership to a partner, such partner shall be treated as recognizing gain in an amount equal to the lesser of:
(1) The excess (if any) of:
(A) The fair market value of the property (other than money) received in the distribution, over
(B) the adjusted basis of ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-d/30361/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter D - Comput... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter D - Computation in Sales or Exchanges (§§ 30361 — 30363)... | In case of a sale or exchange of an interest in a partnership, gain or loss shall be recognized to the transferor partner. Such recognized gain or loss shall be considered as gain or loss from the sale or exchange of a capital asset, except as otherwise provided in § 30371 of this title (relating to unrealized receivab... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-d/30362/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter D - Comput... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter D - Computation in Sales or Exchanges (§§ 30361 — 30363)... | The basis of an interest in a partnership acquired other than by contribution shall be determined under § 30142 of this title.
History —Jan. 31, 2011, No. 1, § 1074.02, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-d/30363/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter D - Comput... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter D - Computation in Sales or Exchanges (§§ 30361 — 30363)... | (a) General rule. — The basis of partnership property shall not be adjusted as the result of a transfer of an interest in a partnership by sale or exchange or on the death of a partner unless the election provided in § 30374 of this title (relating to optional adjustment to basis of partnership property) is in effect w... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-e/30371/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter E - Miscel... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter E - Miscellaneous Provisions (§§ 30371 — 30375) › § 3037... | (a) Sale or exchange of interest in partnership. — The amount of any money, or the fair market value of any property, received by a partner in exchange for all or part of his/her interest in the partnership attributable to:
(1) Unrealized receivables of the partnership, or
(2) inventory items of the partnership, shall ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-e/30372/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter E - Miscel... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter E - Miscellaneous Provisions (§§ 30371 — 30375) › § 3037... | (a) Increase in partner’s liabilities. — Any increase in a partner’s share of the liabilities of a partnership of which the partner is personally responsible pursuant to the laws under which the partnership was organized, or which such partner secures, or any increase in a partner’s individual liabilities by reason of ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-e/30373/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter E - Miscel... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter E - Miscellaneous Provisions (§§ 30371 — 30375) › § 3037... | The amounts allowed under § 30356(a) of this title as gross income of a successor in the interest of a decedent partner shall be treated as income with respect to the decedent as provided in § 30113 of this title.
History —Jan. 31, 2011, No. 1, § 1075.03, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-e/30374/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter E - Miscel... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter E - Miscellaneous Provisions (§§ 30371 — 30375) › § 3037... | If a partnership files an election in accordance with regulations prescribed by the Secretary, the basis of partnership property shall be adjusted, in the case of a distribution of property, in the manner provided in § 30354 of this title and, in the case of a transfer of a partnership interest, in the manner provided ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-e/30375/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter E - Miscel... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter E - Miscellaneous Provisions (§§ 30371 — 30375) › § 3037... | (a) General rule. — Any increase or decrease in the adjusted basis of partnership property under § 30354(b) of this title (relating to the optional adjustment to the basis of undistributed partnership property) or § 30363(b) of this title (relating to the optional adjustment to the basis of partnership property in case... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-f/30376/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter F - Transi... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter F - Transitory Provisions (§§ 30376 — 30378) › § 30376 -... | (a) Partnerships and limited liability companies subject to taxation as corporations pursuant to Subtitle A of the Internal Revenue Code of 1994.-Any partnership or limited liability company subject to taxation as a corporation pursuant to the provisions of Subtitle A of the Puerto Rico Internal Revenue Code of 1994, d... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-f/30377/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter F - Transi... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter F - Transitory Provisions (§§ 30376 — 30378) › § 30377 -... | (a) Any partnership or limited liability company subject to taxation as a corporation pursuant to the provisions of Subtitle A of the Puerto Rico Internal Revenue Code of 1994, during the last taxable year beginning prior to January 1, 2011, and which for the first taxable year beginning after December 31, 2010, would ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1009/subchapter-f/30378/ | 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 1009 - Partnerships and Partners (§§ 30321 — 30378)›Subchapter F - Transi... | 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 1009 - Partnerships and Partners (§§ 30321 — 30378) › Subchapter F - Transitory Provisions (§§ 30376 — 30378) › § 30378 -... | (a) In the case of partnerships or limited liability companies not engaged in trade or business in Puerto Rico subject to taxation as a partnership under the United States Internal Revenue Code of 1986, Title 26 of the United States Code, as amended, or similar provision of a foreign country, the partner or member shal... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-a/30391/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter A - Employee Trus... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter A - Employee Trusts (§§ 30391 — 30396) › § 30391 - Employee tru... | (a) Exemption.— A trust organized under the laws of Puerto Rico that forms part of a stock bonus, pension, or profit-sharing plan of an employer for the exclusive benefit of its employees resident of Puerto Rico or who performs services primarily in Puerto Rico, or of their beneficiaries; or a trust organized under the... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-a/30392/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter A - Employee Trus... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter A - Employee Trusts (§§ 30391 — 30396) › § 30392 - Individual r... | (a) For purposes of this section, the term “individual retirement account” shall mean a trust created or organized under the laws of the Government of Puerto Rico for the exclusive benefit of an individual or his/her beneficiaries, or the share of the individual for his/her exclusive benefit or that of his/her benefici... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-a/30393/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter A - Employee Trus... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter A - Employee Trusts (§§ 30391 — 30396) › § 30393 - Nondeductibl... | (a) General rule.— Except as otherwise provided in this section, and as provided by regulations promulgated by the Secretary, a nondeductible individual retirement account shall be treated, for purposes of this part, in the same manner as an individual retirement account under § 30392 of this title, and shall be subjec... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-a/30394/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter A - Employee Trus... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter A - Employee Trusts (§§ 30391 — 30396) › § 30394 - Health savin... | (a) For purposes of the Code, a health savings account with a high annual deductible health plan shall be a plan that complies with the provisions of this section.
(b) Limitations.—
(1) In general.— In the case of an individual who is an eligible individual for any month during the taxable year, there shall be allowed ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-a/30395/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter A - Employee Trus... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter A - Employee Trusts (§§ 30391 — 30396) › § 30395 - Education sa... | (a) Education savings account.—
(1) For purposes of this section, the term “education savings account” shall mean a trust created o organized under the laws of Puerto Rico by an individual for the exclusive benefit of his/her children or relatives up to the third degree of consanguinity or second degree of affinity, or... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-a/30396/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter A - Employee Trus... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter A - Employee Trusts (§§ 30391 — 30396) › § 30396 - Transitory p... | (a) General rule.— In the event that any amount accrued and undistributed in an individual retirement account on which, and in accordance with Sections 1169A and 1169C of the Puerto Rico Internal Revenue Code of 1994, as amended, the taxpayer opts to pay the ten-percent (10%) or five-percent (5%) tax in advance, as the... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-b/30401/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter B - Real Estate I... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter B - Real Estate Investment Trusts (§§ 30401 — 30403) › § 30401 ... | (a) In general.— For purposes of this subchapter, the term “real estate investment trust” means a corporation, partnership, trust, or association that meets the following requirements:
(1) Is managed by one or more trustees or directors;
(2) the beneficial ownership of which is evidenced by transferable shares, or by t... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-b/30402/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter B - Real Estate I... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter B - Real Estate Investment Trusts (§§ 30401 — 30403) › § 30402 ... | (a) In general.— Every real estate investment trust that complies with the provisions of § 30401 of this title shall be subject to taxation under §§ 30041 et seq of this title, except if during the taxable year it distributes to its beneficiaries, as taxable dividends, an amount of not less than ninety percent (90%) of... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-b/30403/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter B - Real Estate I... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter B - Real Estate Investment Trusts (§§ 30401 — 30403) › § 30403 ... | (a) In general. — For purposes of this part:
(1) Attribution from partnerships, estates, trusts, and corporations. —
(A) From partnerships and estates. — Stock owned directly or indirectly by or for a partner or beneficiary of an estate shall be considered as owned by the partnership or estate.
(B) For trusts. —
(i) St... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-c/30411/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter C - Other Estates... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter C - Other Estates and Trusts (§§ 30411 — 30419) › § 30411 - Imp... | (a) Application of tax. — The tax imposed by this part on individuals shall apply to the income of estates or of any kind of property held in trust, including:
(1) Income accumulated in trust for the benefit of unborn or unascertained persons or persons with contingent interests, and income accumulated or held for futu... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-c/30412/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter C - Other Estates... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter C - Other Estates and Trusts (§§ 30411 — 30419) › § 30412 - Net... | The net income of the estate or trust shall be computed in the same manner and on the same basis as in the case of an individual, except as provided herein below:
(a) Subject to the provisions of subsection (e), there shall be allowed as a deduction, instead of the deduction for gifts authorized by § 30135(a)(3) of thi... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-c/30413/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter C - Other Estates... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter C - Other Estates and Trusts (§§ 30411 — 30419) › § 30413 - Cre... | For purposes of the tax imposed under § 30061 of this title an estate shall be allowed, in lieu of the exemptions granted under § 30138(a) of this title, a credit of one thousand three hundred dollars ($1,300) against its net income, and a trust shall be allowed, in lieu of the exemptions granted under § 30138(a) of th... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-c/30414/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter C - Other Estates... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter C - Other Estates and Trusts (§§ 30411 — 30419) › § 30414 - Dif... | If the taxable year of a legatee, heir, or beneficiary is different from that of the estate or trust, the amount which he/she is required, under § 30412(a) of this title to include when computing his/her net income shall be based upon the income of the estate or trust for any taxable year of the estate or trust ending ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-c/30415/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter C - Other Estates... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter C - Other Estates and Trusts (§§ 30411 — 30419) › § 30415 - Rev... | Where, at any time, the power to revest in the grantor title, to any portion of the corpus of the trust is exercisable by:
(1) The grantor, either alone or together with any person not having a substantial adverse interest in the disposition of such portion of the corpus or the income therefrom, or
(2) by any person no... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-c/30416/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter C - Other Estates... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter C - Other Estates and Trusts (§§ 30411 — 30419) › § 30416 - Inc... | (a) Where any part of the income of a trust:
(1) Is or, at the discretion of the grantor or in any person not having a substantial adverse interest in the disposition of such portion of the income, may be held or accumulated for future distribution to the grantor; or
(2) may, at the discretion of the grantor or of any ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-c/30417/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter C - Other Estates... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter C - Other Estates and Trusts (§§ 30411 — 30419) › § 30417 - Tax... | The amount of income or excess profits of taxes imposed by the United States, possessions of the United States, and foreign countries shall be allowed as credit against the tax of the beneficiary of an estate or trust up to the limit provided in § 30201 of this title.
History —Jan. 31, 2011, No. 1, § 1083.07, retroacti... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-c/30418/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter C - Other Estates... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter C - Other Estates and Trusts (§§ 30411 — 30419) › § 30418 - Net... | The benefit of the deduction for net operating losses allowed by § 30104(a)(11) of this title shall be allowed to estates and trusts under regulations prescribed by the Secretary.
History —Jan. 31, 2011, No. 1, § 1083.08, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1010/subchapter-c/30419/ | 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 1010 - Estates and Trusts (§§ 30391 — 30419)›Subchapter C - Other Estates... | 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 1010 - Estates and Trusts (§§ 30391 — 30419) › Subchapter C - Other Estates and Trusts (§§ 30411 — 30419) › § 30419 - Inc... | (a) Inclusion in gross income. — There shall be included in the gross income of a spouse legally separated under a decree of divorce, or of separate maintenance (or who is separated from his/her spouse under a valid written separation agreement) or of a spouse who, by reason of being separated from his/her spouse is re... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-a/30431/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter A - Nonresident... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter A - Nonresident Alien Individuals (§§ 30431 — 30438) › § 3043... | (a) Income not related to trade or business in Puerto Rico.—
(1) General rule.—
(A) Imposition of tax.— There shall be imposed, collected, and paid for each taxable year, in lieu of the tax imposed by §§ 30061 and 30062 of this title, upon the amount received, or constructively received, by any nonresident alien indivi... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-a/30432/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter A - Nonresident... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter A - Nonresident Alien Individuals (§§ 30431 — 30438) › § 3043... | In the case of a nonresident alien individual, the gross income includes only:
(a) The gross income derived from sources within Puerto Rico, and
(b) the gross income effectively connected with the conduct of trade or business within Puerto Rico.
History —Jan. 31, 2011, No. 1, § 1091.02, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-a/30433/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter A - Nonresident... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter A - Nonresident Alien Individuals (§§ 30431 — 30438) › § 3043... | (a) General rule. — In the case of a nonresident alien individual, deductions shall be allowed only for purposes of § 30431(b) of this title and, except as provided in subsection (b), only if, and to the extent that they are connected with income effectively connected with the conduct of trade or business in Puerto Ric... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-a/30434/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter A - Nonresident... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter A - Nonresident Alien Individuals (§§ 30431 — 30438) › § 3043... | In the case of a nonresident alien individual, no exemptions under § 30138 of this title, shall be allowed.
History —Jan. 31, 2011, No. 1, § 1091.04, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-a/30435/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter A - Nonresident... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter A - Nonresident Alien Individuals (§§ 30431 — 30438) › § 3043... | A nonresident alien individual shall receive the benefit of the deductions allowed under this part only if he/she files or causes to be filed with the Secretary a true and accurate return of his/her total income received from sources inside Puerto Rico, and his/her income effectively connected with the conduct of trade... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-a/30436/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter A - Nonresident... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter A - Nonresident Alien Individuals (§§ 30431 — 30438) › § 3043... | An nonresident alien individual engaged in trade or business within Puerto Rico during the taxable year shall be allowed the credits against the tax, for taxes paid to the United States, possessions of the United States, and foreign countries, with respect to income from sources outside Puerto Rico effectively connecte... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-a/30437/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter A - Nonresident... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter A - Nonresident Alien Individuals (§§ 30431 — 30438) › § 3043... | (a) Time to file.— In the case of an nonresident alien individual who has no income effectively connected with the conduct of trade or business in Puerto Rico, or with respect to whose wages, as defined in § 30271(a) of this title, withholding under said section is not applicable, the return, in lieu of the time prescr... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-a/30438/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter A - Nonresident... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter A - Nonresident Alien Individuals (§§ 30431 — 30438) › § 3043... | (a) Time of payment.— In the case of a nonresident alien individual not engaged in trade or business within Puerto Rico with respect to whose wages, as defined in § 30271(a) of this title, withholding under said section is not applicable, the total amount of tax imposed by this part shall be paid, in lieu of the time p... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-b/30441/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter B - Foreign Cor... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter B - Foreign Corporations (§§ 30441 — 30448) › § 30441 - Tax o... | (a) Tax on foreign corporations not related to trade or business in Puerto Rico.—
(1) General rule.—
(A) Imposition of tax.— There shall be imposed, collected, and paid for each taxable year, in lieu of the tax imposed by §§ 30071, 30072, 30073 and 30083 of this title upon the amount received or constructively received... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-b/30442/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter B - Foreign Cor... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter B - Foreign Corporations (§§ 30441 — 30448) › § 30442 - Tax o... | (a) Imposition of tax.— In addition to the taxes imposed by §§ 30071, 30072, 30073 and 30083 of this title, a tax shall be imposed, collected, and paid for each taxable year upon every foreign corporation engaged in trade or business in Puerto Rico equal to ten percent (10%) of the dividend-equivalent amount for the ta... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-b/30443/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter B - Foreign Cor... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter B - Foreign Corporations (§§ 30441 — 30448) › § 30443 - Deduc... | (a) In general. — In the case of a foreign corporation, deductions shall be allowed only for purposes of § 30431(b) of this title and, except as provided in subsection (b) and in § 30444 of this title, only if and to the extent that they are effectively connected with income which is effectively connected with the cond... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-b/30444/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter B - Foreign Cor... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter B - Foreign Corporations (§§ 30441 — 30448) › § 30444 - Requi... | (a) A foreign corporation shall receive the benefit of the deductions and credits allowed to it only if it meets each of the following requirements:
(1) Files or causes to be filed with the Secretary a true and accurate return of its total income which is effectively connected with the conduct of trade or business with... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-b/30445/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter B - Foreign Cor... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter B - Foreign Corporations (§§ 30441 — 30448) › § 30445 - Credi... | (a) Credits allowed by § 30201 of this title. — Foreign corporations shall be allowed credits against tax for taxes paid to the United States, to possessions of the United States, and to foreign countries, with respect to income from sources outside Puerto Rico effectively connected with the conduct of trade or busines... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-b/30446/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter B - Foreign Cor... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter B - Foreign Corporations (§§ 30441 — 30448) › § 30446 - Retur... | (a) Time to file.— In the case of a foreign corporation not having any office or place of business in Puerto Rico, the return, in lieu of the time prescribed in § 30256(a)(1) of this title, shall be filed on or before the fifteenth (15th) day of the sixth (6th) month following the close of the fiscal year, or if the re... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-b/30447/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter B - Foreign Cor... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter B - Foreign Corporations (§§ 30441 — 30448) › § 30447 - Payme... | (a) Time of payment. — In the case of a foreign corporation not having any office or place of business in Puerto Rico, the total amount of tax imposed by this part shall be paid, in lieu of the time prescribed in § 30256(a) of this title on the fifteenth (15th) day of June following the close of the calendar year, or i... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-b/30448/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter B - Foreign Cor... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter B - Foreign Corporations (§§ 30441 — 30448) › § 30448 - Educa... | For special provisions regarding unrelated business net income of foreign educational, charitable, and certain other exempt organizations, see § 30482(a) of this title.
History —Jan. 31, 2011, No. 1, § 1092.08, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1011/subchapter-c/30451/ | 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 1011 - Foreign Corporations (§§ 30431 — 30451)›Subchapter C - Foreign Par... | 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 1011 - Foreign Corporations (§§ 30431 — 30451) › Subchapter C - Foreign Partnerships (§ 30451) › § 30451 - Treatment of f... | (a) In the case of foreign partnerships engaged in trade or business in Puerto Rico, it shall be understood that a partner is engaged in trade or business in Puerto Rico in his/her distributive share of the partner’s interest in such partnership.
(b) The foreign partnership shall be subject to:
(1) The provisions of §§... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1012/subchapter-a/30471/ | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487)›Subchapter A - Tax Exem... | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487) › Subchapter A - Tax Exempt Organizations (§ 30471) › § 30471 - Tax exe... | (a) Except as provided in §§ 30481-30487 of this title, the following organizations shall be exempt from taxation under this part:
(1) Churches, church conventions or associations, as well as religious and apostolic organizations, including corporations and any community chest, fund, or foundation, organized and operat... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1012/subchapter-b/30481/ | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487)›Subchapter B - Taxation... | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487) › Subchapter B - Taxation Of Business Income Of Certain Exempt Organiza... | (a) Charitable and other organizations with other purposes, taxable at corporation rates.—
(1) Imposition of tax.— There shall be imposed, for each taxable year, on the unrelated business net income (as defined in § 30482 of this title) of every organization described in clause (2) a normal tax of twenty percent (20%) ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1012/subchapter-b/30482/ | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487)›Subchapter B - Taxation... | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487) › Subchapter B - Taxation Of Business Income Of Certain Exempt Organiza... | (a) Definition.— The term “unrelated business net income” means the gross income derived by any organization from any unrelated trade or business (as defined in § 30483 of this title) regularly carried on by it, less the deductions allowed by §§ 30121—30140 of this title that are directly connected with the carrying on... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1012/subchapter-b/30483/ | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487)›Subchapter B - Taxation... | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487) › Subchapter B - Taxation Of Business Income Of Certain Exempt Organiza... | (a) General rule.— The term “unrelated trade or business” means, in the case of an organization subject to the tax imposed by § 30481 of this title, any trade or business the conduct of which is not substantially related to the exercise or performance by that organization of its charitable, educational, or other purpos... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1012/subchapter-b/30484/ | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487)›Subchapter B - Taxation... | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487) › Subchapter B - Taxation Of Business Income Of Certain Exempt Organiza... | (a) Rents and deductions of business leases. — In computing under § 30482 of this title the unrelated business net income for any taxable year:
(1) Percentage of income taken into account. — There shall be included with respect to each business lease, as an item of gross income derived from an unrelated trade or busine... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1012/subchapter-b/30485/ | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487)›Subchapter B - Taxation... | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487) › Subchapter B - Taxation Of Business Income Of Certain Exempt Organiza... | The amount of income, war profit, and excess profit taxes imposed by the United States, any possession of the United States, or any foreign country, shall be allowed as a credit against the tax of an organization subject to taxation under § 30481 of this title to the extent provided in § 30201 of this title, and in the... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1012/subchapter-b/30486/ | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487)›Subchapter B - Taxation... | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487) › Subchapter B - Taxation Of Business Income Of Certain Exempt Organiza... | (a) Denial of exemption to organizations engaged in prohibited transactions.—
(1) General rule.— An organization as described in § 30471(a)(1), § 30471(a)(2), § 30471(a)(4)(D), § 30471(a)(8)(A), § 30471(a)(9), or 30391 of this title, which is subject to the provisions of this section shall not be exempt from taxation u... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1012/subchapter-b/30487/ | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487)›Subchapter B - Taxation... | 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 1012 - Nonprofit Organizations (§§ 30471 — 30487) › Subchapter B - Taxation Of Business Income Of Certain Exempt Organiza... | In the case of any organization described in § 30471(a) of this title to which § 30486 of this title is applicable, the exemption shall be denied for the taxable year if the amounts accumulated out of income during the taxable year or any prior taxable year and not actually paid out by the end of the taxable year:
(1) ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1013/subchapter-a/30501/ | 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 1013 - Other Special Taxpayers (§§ 30501 — 30622)›Subchapter A - Insuranc... | 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 1013 - Other Special Taxpayers (§§ 30501 — 30622) › Subchapter A - Insurance Companies (§§ 30501 — 30512) › § 30501 - Tax... | (a) Definition. — As used in §§ 30501—30503 of this title, the term “life insurance company” means an insurance company engaged in the business of issuing life insurance and annuity contracts, including combined with life, health and accident insurance, whose reserve funds for the fulfillment of said contracts comprise... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1013/subchapter-a/30502/ | 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 1013 - Other Special Taxpayers (§§ 30501 — 30622)›Subchapter A - Insuranc... | 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 1013 - Other Special Taxpayers (§§ 30501 — 30622) › Subchapter A - Insurance Companies (§§ 30501 — 30512) › § 30502 - Lif... | In the case of a life insurance company, the term “gross income” means the gross amount of the gains from the sale of the property of the company, but does not include the income earned during the taxable year from interest, dividends, capital gain distributions made by a registered investment company, and rents.
Provi... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1013/subchapter-a/30503/ | 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 1013 - Other Special Taxpayers (§§ 30501 — 30622)›Subchapter A - Insuranc... | 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 1013 - Other Special Taxpayers (§§ 30501 — 30622) › Subchapter A - Insurance Companies (§§ 30501 — 30512) › § 30503 - Lif... | In the case of a life insurance company, the term “net income” means the gross income, minus those expenses directly related to the production and earning of the gross income.
History —Jan. 31, 2011, No. 1, § 1111.03, retroactive to Jan. 1, 2011. |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1013/subchapter-a/30504/ | 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 1013 - Other Special Taxpayers (§§ 30501 — 30622)›Subchapter A - Insuranc... | 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 1013 - Other Special Taxpayers (§§ 30501 — 30622) › Subchapter A - Insurance Companies (§§ 30501 — 30512) › § 30504 - Tax... | (a) Tax imposed.— There shall be imposed, collected, and paid for each taxable year, a tax on net income subject to normal tax and on net income subject to additional tax of all foreign life insurance companies, at the same rates as set forth in §§ 30071(b), 30072(b) of this title.
(b) Taxation on amount equivalent to ... |
https://law.justia.com/codes/puerto-rico/title-thirteen/subtitle-17/part-ii/chapter-1013/subchapter-a/30505/ | 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 1013 - Other Special Taxpayers (§§ 30501 — 30622)›Subchapter A - Insuranc... | 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 1013 - Other Special Taxpayers (§§ 30501 — 30622) › Subchapter A - Insurance Companies (§§ 30501 — 30512) › § 30505 - Tax... | (a) Every life insurance company subject to the provisions of § 30504 of this title to which notice of deficiency has been served in accordance with the provisions of Section 6212 of the United States Internal Revenue Code or any similar provision in the country of origin or organization, shall be required to notify in... |
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