Form 499 R-1b: Employer Quarterly Return of Withheld Income Tax
Every employer is required by law to deduct and withhold contributions from salaries, under the Section 1141 of the Puerto Rico Internal Revenue Code of 1994, according to the amendment (bar code), which indicates the obligation to render the Employer Quarterly Return of Withheld Income Tax.
This return must be filed no later than the last day of the following month, at the close of the quarters ending on: March 31, June 30, September 30 and December 31 of each year. Furthermore, the Article 6181-2(e) (4) Of the Regulations relating to the Code establishes that employers whose retention in a quarter has not exceeded $ 500 dollars, they are not required to deposit monthly, since instead They will deposit the withheld tax when filing the Quarterly Return.
How to download Form 499 R-1b?
Prior to downloading the Form 499 R-1b, it is suggested to take a short time to read some of the following instructions, which will make the task much easier to work with the interface page:
In this sense, the Form 499 R-1b shows some sessions, where some of them stand out:
- Cancellation held every month.
- Monthly liability of the company.
- Information concerning the Company or Business.
- Correspondence of personnel and their concerning salaries or deductions.
When you have the data, it is recommended to go in person to the Department of Finance, where you can see the complete conformation of the Form 499 R-1b, so that the taxpayer has a slightly clearer idea; before entering the virtual system and make the declaration.
Having compiled all required documentation, you can proceed to download the form, for which you must:
- Enter the system through the following link: www.hacienda.gobierno.pr.
- Once inside the system, locate the option “Sheets and forms”.
- When the system redirects, in that new section select "Everybody".
- To finish in the box that says “Form number”, indicate 499R-1b.
- Click on filter and the document will be ready to be downloaded.
Who is required to file the quarterly return?
The withheld income contribution is a employer's obligation since it is this who must make the pertinent declarations within the established time.
It is important to note that these Contributions are executed quarterly and what about not doing them (for any reason or reason), the State can proceed to punish criminally, which is why no businessman will want that reprimand.
La Employer Quarterly Declaration, Its about payment commitment of each employer, businessman or merchant; These financial entries being the dividend acquired by the company, during the daily work day, said profit is not distributed among the workers.
Steps to make the Employer Quarterly Declaration of Withheld Income Tax
Four returns are included for the four quarters of the taxable year; you must remember to file this return on time to avoid penalties.
In order to process the form, it is necessary
- Complete in the header of the form, the space provided to indicate the date on which the quarter for which it is submitted ends.
- Complete Part III, if it is a Biweekly Depositor.
SURI whose acronyms mean “Unified Internal Revenue System”, is a digital tool designed by Department of Finance so that taxpayers can quickly carry out the tax and income administration, so that the process is faster and thus can benefit taxpayers.
When entering the link of the Department of the Treasury, a pop-up screen will be displayed at the top of the screen where the different Menus are presented, which in turn show the services offered by the Treasury Department electronically.
In addition to offering a variety of sessions, which can help the taxpayer to learn a little more about the business economic environment, Of these the following can be highlighted:
Publications
Here in this session you can consult the Treasury Regulations, as well as the documents related to the Central Accounting, Internal Revenue areas and contributory policy.
Taxpayer Services
You can have access to services that the Department of the Treasury has available to offer to the taxpayer.
Sheets and Forms
The tax returns and formsAs well as types of taxpayer They are thus located thanks to a much more efficient search.
Patterns and Retaining Agents
They are easily located within the portal SURI. As of December 10, 2018, it was established that everything related to the filing and payment of Withholding at Origin, must be done through SURI.
SUT “Sales and Use Tax”
It is the amount that the consumer pays when purchasing items, paying for services, or when attending an entertainment venue, whether it's: sport, recreation or exhibition. Said tax is collected by the merchant who sells the item or ticket (or by whoever provides the service).
Virtual Treasury form of entry to SURI
You can see that in the upper right part of the screen it appears: “Virtual Treasury”, By clicking there you can obtain information related to the “Unified Internal Revenue System “SURI”.
Model Form 499 R-1b
El Form 499 R-1b, has a very practical design, simple and quick to learn to use throughout its space, in this sense, due to its simplicity, the Employer Quarterly Declaration of Withheld Income Tax, in an easy and efficient way.
On the other hand, it contains a table where the numbers must be placed, in a clear and simple way. Next, in another box you have to place the other numbers indicated in a way simple, easy and readable.
The parts of this model are:
Employer Identification Number
It corresponds to a number made up of nine (9) digits.
Industry Code
Allows you to have knowledge of the type of economic movement, performed by the company.
Business or Company Name
Name that is contained in the commercial registry.
Mailing Address
Number formed by five (5) digits.
Location of the company
Tax address, where the company operates.
Maximum Number of Workers
Number of people whose hiring is directly by the company.
Salaries
Total employees who receive, minimum salary.
Salaries and Compensation
Total salary amount, which has been canceled to the worker.
Tips Subject to Withholding
additional entries, to the employee's salary.
Important data
- The retained earnings of a company are destined investment and cancellation of financial commitments to the governing body of its economic movement. Furthermore, their main objective is to protect the financial liquidity of the company.
- These profits belong to the owner of the company, Calculations are performed by adding the net income to the initially retained income and subtracting the money paid to the workers.
- When a company has no income, In any case, you must make the declaration and indicate the value of the amount. The employer must not let the established time pass to carry out the Quarterly Statement, since when the payment is not made within the time scheduled by the Department of Finance, this can lead to serious problems with that department.
Cost of the procedure
By downloading the form through the portal: https://planillatrimestralpatronal.hacienda.pr.gov/, In the electronic application, which is completely free, you can complete this form and carry out the procedure to obtain the document.
Fonts
https://planillatrimestralpatronal.hacienda.pr.gov/.
www.hacienda.gobierno.pr.
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