E1: 04: Puerto Rico – Annual Informative Return Forms 480.6X
Last updated on MAY 31, 2016
Applies to:JD Edwards EnterpriseOne Accounts Payable - Version 9.0 and later
Information in this document applies to any platform.
Puerto Rico has a legal requirement to file Annual Informative Returns. The requirements are as follows:
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.
Other Annual Informative Returns:
Form 480.5 - Summary of Forms 480.6A, 480.6B, 480.6C and 480.7.
Form 480.6A - Income not subject to withholding.
Form 480.6B - Income subject to withholding (services rendered, dividends
from corporations, partnership profits distributions, dividends from
industrial development, commissions, rents, premiums, annuities, and
interests except IRA).
Form 480.6B.1 - Annual reconciliation statement of the withholding at source
on payments for services rendered, indemnification, dividends, partnership
distributions and interest income except IRA.
Form 480.6C - Income subject to withholding - nonresidents.
Form 480.6D - Exempt income.
Form 480.7 - Informative return of contributions, withdrawals, refunds, and
penalties on individual retirement accounts.
Form 480.6SE - Informative return to partners of special partnership.
Form 480.6CI - Informative return to shareholders of corporation of
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