Puerto Rico Income Tax and Withholding

Periodic Returns. Quarterly (Form 499R-1B) by last day of the month following the calendar quarter. Withholding from nonresidents: monthly (Form 480.31) by 15th day of following month if $200 or more is withheld (monthly deposits are required); annually (Form 480.30) by April 15.

Annual Reconciliation Returns. Form 499R-3 PR due January 31 and Form W-3 PR due by the last day of February following the year for which taxes are withheld.

Timely Filing. If the due date falls on a Saturday, Sunday, or a legal holiday, returns and reports are timely filed the next working day. Returns and reports are considered timely filed if postmarked the day due.