United States

Puerto Rico: Transition to New Online Tax Platform

Oct 10, 2016
From KPMG TaxWatch

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The Puerto Rico Treasury Department (PRTD) recently announced that effective October 31, 2016 a new electronic system, known as the Unified System of Internal Revenue (SURI), will replace the current sales and use tax electronic system known as PICO. Effective October 15, 2016, all merchants registered with the PRTD should update their Merchant Registry information in SURI. Merchants need to update their registration in SURI to obtain access to all the functionalities provided by the system. To obtain access to SURI, merchants must go to the PRTD’s website (www.hacienda.gobierno.pr) and click on the SURI logo. Once a merchant’s registration has been processed, it will receive an email confirming that it can access SURI and obtain its new merchant certificate. The new certificate will not be mailed, but will need to be printed and posted on the merchant’s premises as required by law. The PICO application will no longer be available effective October 28, 2016 at 3:45pm. Accordingly, the PRTD recommends that merchants download any information/documents they may wish to keep in their tax records before such date. The PRTD intends to phase in the use of SURI for all other taxes, including corporate and income taxes, between December 2017 and December 2018. Please contact Rolando Lopez at 787-756-6020 or Carlos Molina at 787-622-5311 with questions on the new SURI system.

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The following information is not intended to be "written advice concerning one or more federal tax matters" subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230.

The information contained herein is of a general nature and based on authorities that are subject to change. Applicability of the information to specific situations should be determined through consultation with your tax adviser.