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  • Formulario 499 R-1b Rev

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Formulario 499 R1B Rev. 01.09 Estado Libre Asociado de Puerto Rico Commonwealth of Puerto Rico Departamento de Hacienda Department of the Treasury PLANILLA TRIMESTRAL PATRONAL DE CONTRIBUCION SOBRE.

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An exemption of the income tax withholding is provided for employees from ages 16 to 26 on the first $40,000 of taxable wages. The withholding rates depend upon the personal exemption and credits for dependents claimed in the withholding exemption certificate (Form 499R4l) to be completed by every employee.

The Minimum Wage, Vacation, and Sick Leave Act of Puerto Rico (Minimum Wage Act) was enacted in 1998. The Minimum Wage Act establishes that the federal minimum wage fixed by the Fair Labor Standards Act (FLSA) applies automatically to non-exempt employees in Puerto Rico who are covered by the FLSA.

Key Takeaways. An exempt employee is an employee who does not receive overtime pay or qualify for minimum wage. Exempt employees are paid a salary rather than by the hour, and they work in professional, administrative, executive, outside sales, and computer-related fields.

Puerto Rico's second automatic increase in the minimum wage is July 1, 2023, from $8.50 per hour to $9.50 per hour. With limited exceptions, this increase will apply to all non-exempt employees covered by the Fair Labor Standards Act. The Puerto Rico Minimum Wage Act, Act No. 47-2021, was enacted on January 1, 2022.

Every young person resident of Puerto Rico, who is a salaried employee and is between the ages of sixteen (16) and twenty-six (26) may benefit from the $40,000 Exemption from wages earned during the taxable year.

Any natural or legal person doing business in Puerto Rico who makes payments (Payer) for rendered services must deduct and withhold 29% from the payment made to Foreign non-resident individuals and foreign corporations and partnerships that are not registered in the Puerto Rico State Department to engage in trade or ...

In the particular case of Puerto Rico, it is important to note that the standard salary threshold has not changed since 2004 and currently stands at $455 per week.

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© Copyright 1997-2025
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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
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
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 workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
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