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  • Volume Of Business Declaration Puerto Rico

Get Volume Of Business Declaration Puerto Rico

Commonwealth of Puerto Rico OCAM PA01 REV 2014 Business Volume Declaration For Calendar Year 20 or other taxable year from 20 to Municipality of Guaynabo 20 Please complete the following information:.

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Puerto Rico sales tax details Puerto Rico (PR) is not a state but a commonwealth. The Puerto Rico sales and use tax rate is 10.5%.

5% of the volume of business (defined as gross receipts) the company received or accrued during the year. The maximum rate for a financial business is 1.5% on income from interest, rents, fees, profits, etc.

Business name and registration Register your business name with the local government where your business is located. If you are a corporation, you will also need to register with the Department of State in Puerto Rico, or with the Department of Corporations and Trademarks in the U.S. Virgin Islands.

Employers in Puerto Rico are subject to both Federal Insurance Contributions Act (FICA) tax (a payroll withholding tax, which funds Social Security and Medicare) and the Federal Unemployment Tax Act (FUTA).

Puerto Rico LLCs taxed as partnerships LLCs taxed as partnerships don't pay corporate income tax because they are considered “pass-through entities.” This means the business itself doesn't pay taxes. Instead, the profits and losses pass through the LLC to the members, who pay individual income tax on their earnings.

Puerto Rico Income Tax If your LLC is taxed as a Puerto Rico corporation, you'll need to pay corporate income tax. Puerto Rico's corporate tax rate is 37.5%.

Sales and Use Taxes (SUT) Designated professional services and business-to-business services (B2B) are subject to a SUT of four percent (4%). A merchant is required to collect said tax as a withholding agent responsible for the payment of the Sales and Use Tax.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232