12/07/2024

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Payroll Puerto Rico – Updated Puerto Rico Payroll Reporting and Filing Requirements

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Payroll Puerto Rico – Updated Puerto Rico Payroll Reporting and Filing Requirements

Puerto Rico has a payroll withholding tax. The PR W2 is distinctive from the US W2 so be cautious if you are filing W2s for PR. For much more information and facts on payroll tax prices and necessities:

Contact the PR Department of Treasury at:

Departamento de Hacienda
P.O. Box 9024140,
San Juan, P.R. 00902-4140
Tel: (787) 721-2020

As of 2009, Puerto Rico’s taxable wage base limit for unemployment wages is $7,000.00 and for incapacity is $9,000.00. PR HAS a provision for quarterly wages on magnetic media. For more info on unemployment and disability fees and demands:

Contact the Puerto Rico Office of Labor at:

Departamento del Trabajo y Recursos Humanos
Edificio Prudencio Rivera Martínez
Ave. Muñoz Rivera 505
Hato Rey, PR 00918
Tel: 787.754.5353
Fax: 787.756.1149

If you need to have to find a CPA:

Colegio de Contadores Publicos Autorizados de Puerto Rico
Tel: 787.754.1950
Fax: 787.753.0212

There is a provision for bare minimum wage in PR, and it varies by marketplace. There is a provision for new employ the service of reporting in PR. Puerto Rico payroll legislation involves that involuntarily terminated employees will have to be paid out their remaining pay back by next typical payday. In addition, the terminated personnel will be entitled to payment primarily based on amount of months and many years labored with the enterprise. There is a meal penalty for workforce that do the job far more than 5 hrs without taking a food split.

There is an additional time penalty for workforce that perform additional than 8 hrs in a 24 hour period. Instance, if an worker begins each day at 9 am, and on one particular event commences at 8 am, this personnel has labored 9 hrs in that 24 hour period of time that started at 8 am and must be paid out overtime. There is a top quality fork out for personnel doing the job on Sundays. As of 2009 that price is $11.50 for each hour.

Sick and Trip shell out are mandatory. The essential rule is that Ill and Holiday time accrue for personnel that worked 115 several hours or more in a month. Sick time is accrued at 1 working day for every thirty day period and Family vacation time at 1.25 times for each thirty day period.

Xmas reward is mandatory and have to be paid prior to December 15th of each and every year. The accrual time period starts October 1st and ends November 30th. Any worker (even if terminated) that labored 700 hours or extra will obtain a Christmas Reward. As of 2009 Christmas reward for companies with more than 15 staff is 6% of earnings for the accrual period up to a greatest of $600. For organizations with 15 employees or a lot less it is 3% of earnings for the accrual time period up to a maximum of $300.

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