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moreReminder: All business and individuals must remit second quarter estimated tax payments to the P.R. Treasury Department on or before June 17, 2019*, for the 2019 tax year. Not remitting the required estimated tax payments may result in penalties for failure to pay the estimated tax.
This next estimated tax payment calculation is relevant due to the applicability of the changes to the recently enacted Puerto Rico Tax Code, which may impact the amount of taxes to be paid. RSM Puerto Rico is advising all its clients to review their estimated tax calculations to avoid any underpayment or overpayment of income taxes.
2019 Estimated Tax Payments Table*
|
2019 Estimated Tax Payments* |
Corporations (LLC’s) |
Individuals |
|
1st Tax Payment Due Date |
April 15, 2019 |
April 15, 2019 |
2nd Tax Payment Due Date** |
June 17, 2019 |
June 17, 2019 |
|
3rd Tax Payment Due Date** |
September 16, 2019 |
Sept. 16, 2019 |
|
4th Tax Payment Due Date |
December 16, 2019 |
Jan. 15, 2020 |
* Taxpayers with a calendar tax year ending on December 31st.
**Due date falls on weekend or legal holiday. Therefore, the due date has been moved to the next business day following the 15th.
At RSM Puerto Rico, our tax consultants are available to advise businesses and individuals on the applicability of these requirements and how they may impact the 2019 income tax calculation. Please contact us at (787) 751-6164 | [email protected] for help or more information.