Annual Informative Returns Informative
returns are to be filed for any payment of dividends or any payment in excess of $500 to individuals for interest, rents, salaries or wages not otherwise reported, premiums, annuities, compensations, remuneration,
or other fixed or determinable gains, profits and income. Any person who credits or makes payments to an individual of $500 or more and who becomes obligated to withhold the tax on such payments shall file a
return specifying the total amount of interest paid or credited, the tax deducted and withheld, the name, address and the account number of the person to whom the payment or withholding was made. Such return
shall be filed on or before February 28 of the year following the calendar year in which the interest was paid. This information is reported by filing Forms 480.5, 480.6A and 480.6B, with respect
to dividends or interest paid or credited on bank accounts or savings certificates by financial institutions located in Puerto Rico on or before February 28 of the following calendar year with the Bureau of Income
Tax, P.O. Box S2501, San Juan, Puerto Rico 00902. ____________________
Section 1154 of the Puerto Rico Internal Revenue Code. |
