IVU Form How to fill out the Monthly Sales and Use Tax Form?

This is a form that serves Puerto Rican merchants to report their sales from the previous month, including those sales subject to IVI (Sales and use tax) and those that are exempt.

Also on this form, you must include the amount of Use Tax paid by the merchant, in the purchase of items for use or resale acquired in Puerto Rico.

IVU Form

Who has to pay the SUT?            

El Sales Tax or IVU As is commonly known, it is the amount the consumer pays when purchasing items or paying for services, or when a person attends some place of entertainment; Whether it is a sporting event, a recreational event, or an art or sports exhibition.

This tax must be charged by the merchant, who sells the item or ticket (or by which the service is provided).

It is important that taxpayers and merchants know everything that must be done to complete and obtain the return. IVI (Sales and use taxes), however, it is important because you have to have knowledge of all procedures that have to be carried out.

How to download IVU Monthly Return?

Perform download the IVU form, is a procedure carried out electronically, so it is necessary to have a computer or electronic device with an internet connection.

Once the basic requirement is met (previously mentioned), it is essential to follow the following procedure:

  1. Access the SURI Hacienda electronic platform: https://suri.hacienda.pr.gov/_/ , and enter the website to achieve download the IVU form, for which it is necessary to click on the following link: https://suri.hacienda.pr.gov/_/.
  2. If you are not registered as a user, you must register by selecting the option “Register in SURI”, which is located at the bottom of the question First time accessing SURI?
  3. Once entered in the registration pop-up window, you must choose from the options menu, the button “Registration of a new taxpayer.”
  4. Later, different options will be displayed, to be able to register according to the type of taxpayer, to be selected by the user. The class must be selected according to your economic activity.
  5. Immediately, after the registration procedure, the request for the identity document continues (class and number). The options displayed by the platform are chosen and indicate the number of the identity document and give confirmation. And then hit the button "Next".
  6. Afterwards, continue with the indications indicated on the registration platform, to complete this phase of the procedure.
  7. Finally, already having a username and user password, access the website and select the option to download the monthly IVU form.
IVU Form

How to file the Monthly IVU Return?

It is relevant to know about this management, since it must be done in the first 10 days of each month:

  • Here at this point, you already have the SUT sales and use tax form; this must be completed (in print with ballpoint ink) and do not submit any amendments or deletions.
  • Make the respective payment according to the calculation made for this type of taxes. Cancellation can be carried out through any of these channels:
  • Payment of fees or with checks issued at Treasury offices – IVU.
  • Bank Transfer, in any of the branches of the Treasury Department provide information on the Bank entities, where the transaction can be carried out for this type of taxes.
  • Any type of another payment method that is authorized by the Department of the Treasury, preferred or the one close to the residence.

How to fill out the IVU form?

IVU Form

Instructions to file and pay monthly IVU return, online for participating municipalities. It is important to know that This form expires on the 10th of each month.; so you have until 3:00 pm of this day, so that you leave on time.

Needed information

  • Sales and purchases of the month.
  • Merchant Registration Number (NRC).
  • user ID (that for everyone is 001) y
  • Passwords.

Instructions

  1. Enter to www.hacienda.gobierno.pr/ivu/.
  2. En “Tools for Filing and Payment of IVU”, choose “Application and

Payment Filing”.

  • Write the merchant registration number and then select "Start section".
  • En user authentication, write the user ID (001) and the password. Select "Start section".
  • En “Select the corresponding alternative”, choose “Prepare and pay the monthly sales and use tax return.”
  • Choose the period that will be filed and then select "Continue".
  • Choose the municipality (Yes, it is the first time) or verify that the municipality where you operate is selected and "Continue".
  • Complete the form, exactly in the following way:
  • At the box #1: write down the purchases of the month.
  • Boxes # 2 and 3: write zero.
  • At the box #5: write taxable sales.
  • Box #6: write sales of taxable services (if there was no write zero).

Do not press the key "Enter" When entering information, it is advisable to use the key at all times. “Tab”, to move to the boxes.

  • In the boxes #7 and 8: write zero.
  • Boxes #10 and 11: write zero if there was no income from exempt sales or services.

If additional to taxable sales, there were exempt sales, write the amount in the box 10, if they were exempt services across boxes #12 and 13 write zero.

  • Boxes #18, 19, 20 and 21: write zero.
  • Select "Continue".
  • Check the following:
  • That purchase amount is correct.
  • That sales amount is correct.
  • Verify that the system has included on line 17; the amount of Municipal IVU
  • That amount of IVU to pay se multiply on line 15 by 7%.
  • If everything is correct, select "Continue". If there is an incorrect quantity select "To return" to make the change.
  • select from ACH Debit and then "Continue".
  • Check that the routing number, account and the amount to pay are correct. If this is the first time you are filing online, please enter the account number, route and type of account. Make sure that all the information be correct.
  • Enter the Password and select "To accept".
  • Select “Print Treasury details” and print a copy. It is very important that print the details of the Treasury and keep it in the files, so that if future claims from the Treasury arise there is a evidence of filing and payment.
  • To leave the page, on top select “Exit” and then “Yes”.

What things pay IVU?

Products pay IVU in Puerto Rico

  • Bank charges.
  • Collection Services (Account collection services).

    Services of:

  • Security.
  • Cleaning.
  • laundries.
  • Repair and Maintenance (non-capitalizable) of goods.
  • Telecommunications
  • Waste collection (except condominiums).
  • Ordinary leasing of motor vehicles (“Operating Leases”).

Any other service provided to another merchant, not included in the list above; will not be subject to the 11.5 percent rate.

How do I know if I have to collect IVU?

   The following are the classes of citizens, who are obliged to carry out the process of collecting the IVU tax:

Merchants

As expected, this class of people, be the first to have the obligation to carry out this management, this is because their primary activity is based on sales and therefore they are obliged to pay taxes, either for the service or product that they provide to communities.

Furthermore, merchants are divided into different types, which are listed below to distinguish them:

    Class A

These are merchants who work on their own commercial premises or establishments, they have a blue certification and are known as the collectors of the tax or sales and use tax.

IVU Form

    Class B

This class of merchants are those citizens who focus on agricultural activity and only withholding is made linked to the businesses of their activity.

The certifications used are green, although These taxes are only applied to food production.

For sales of food products, the following applies: 6 to 8%, of this tax based on the amount of the sale to the consumer.

     Class B-1 merchants

They have a red certificate and they are not obliged to carry out any kind of management, since their products are sold without adding the proportion of the tax to the price, which they provide to the public.

    C class

For citizens whose sales are carried out via Internet, de equipment and office supplies are not recognized as citizens to retain the IVU, Their certificate is also red and they must file the declaration of these taxes.

They carry out the previously mentioned management, however they carry out the statement placing zero.

How is the municipal SUT paid?

This tax must be collected by the merchant, responsible for selling the item, for whom the service is provided or the ticket is sold.

IVU Form

Said merchant then, sends the IVU collected to the Treasury Department, through the filing of a monthly spreadsheet.

Fonts

https://suri.hacienda.pr.gov/_/

https://hacienda.pr.gov>impuesto-sobre-ventas-y-uso-ivu.

If you want to know other articles similar to IVU Form How to fill out the Monthly Sales and Use Tax Form? you can visit the category Returns.

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