New Circular Letter on the 2024 Pass-Through Entity Tax Return

The Puerto Rico Department of Treasury ("Hacienda") has issued Circular Letter of Internal Revenue No. 25-05, outlining the procedures for the electronic filing of the Informative Income Tax Return for Pass-Through Entities (Form 480.2(EC)) and the accompanying Forms 480.6EC for the 2024 tax year.

Key Highlights:

🔹 Filing Deadline:

• The return and Forms 480.6EC must be filed no later than the last day of the third month following the close of the tax year.

  • Example: For entities with a tax year ending on December 31, 2024, the deadline is March 31, 2025.

🔹 Mandatory Electronic Filing

• Returns must be filed exclusively through Hacienda-Certified Software Providers, available starting March 3, 2025, on SURI.

🔹 Required Supporting Documents:

• Supporting documentation must be submitted electronically via SURI within four business days after filing.

🔹 Tax Preparers:

• Tax specialists filing on behalf of clients must have written authorization (Form SC 2909B) to digitally sign the return.

🔹 Estimated Tax Payments:

• All payments must be made electronically through SURI.

  
  

  Disclaimer: This blog is not intended to provide specific tax or legal advice, nor does it outline detailed processes or procedures. At CLB Tax, we specialize in consulting and tax planning, helping businesses and individuals navigate complex tax matters with tailored strategies. Our focus is on proactive planning and compliance to ensure our clients make informed financial decisions while optimizing tax benefits. If you need personalized guidance, we’re here to assist.