DDEC said the November 16 filing date applies to annual reports whose deadline falls on Sunday, November 15
SAN JUAN, Puerto Rico
Tax-exempt businesses and incentive grantees whose annual exempt business report (IANE, by its Spanish acronym) is due Sunday, November 15, may file it by Monday, November 16, without being considered late, Puerto Rico’s Department of Economic Development and Commerce (DDEC) said.
The agency explained that when a filing deadline falls on a nonbusiness day, it moves to the next business day. The report is required under Puerto Rico’s Incentives Code, known as Act 60.
DDEC Secretary Carlos J. Ríos Pierluisi said timely filing helps businesses demonstrate continued compliance with their tax exemption decrees, preserve their tax benefits and avoid penalties.
Patricia Cañellas Hernández, director of the Office of Incentives for Businesses in Puerto Rico, urged beneficiaries to review the requirements, forms and supporting documents applicable to their decrees in advance.
Who the reminder applies to
The reminder does not apply to businesses that have already filed their IANE, requested an extension or hold a decree with a different deadline. The move to Monday applies to filings due November 15.
Reports must be submitted with the required documentation through the DDEC Incentives Portal. For additional information, the agency directed interested parties to applications@ddec.pr.gov.
