Thursday, July 19, 2018

Puerto Rico Treasury issues millions in tax refunds, credits

By on April 10, 2018

SAN JUAN — One week before the deadline to file taxes, Gov. Ricardo Rosselló announced Tuesday the payment of $115 million in 2017 tax-year refunds.

“Our priority is to return the money that belongs to the people, especially in these times of fiscal challenges. Today, the Treasury secretary will be remitting refunds to these 164,500 taxpayers,” the governor said via press release.

Treasury Secretary Raúl Maldonado said the number of tax returns filed so far has exceeded expectations.

Puerto Rico Treasury Secretary Raúl Maldonado Gautier (Felipe Torres/CB)

“At the beginning of the filing period, we pledged that all taxpayers who filed on or before March 31 would receive their return on or before May 30. With this issuance, we have begun to comply with the taxpayers who filed their returnsresponsibly,” Maldonado said.

Meanwhile, Rosselló announced the issuance of $27 million corresponding to the Credit for People Age 65 or Older and the Compensatory Credit for Low-Income Pensioners (senior bonus).

Puerto Rico designated an Opportunity Zone under US tax reform

“After the passage of Hurricane Maria, additional days were offered for filing the senior form and allow taxpayers to request their bonus. Today, we [address] the most vulnerable and sent 108,241 checks to the golden years population,” the governor said.

In a release, Maldonado reminded that the Treasury’s filing centers will continue to offer free filing service until April 17.

The centers are located in Plaza las Américas in San Juan, Ponce’s Plaza del Caribe, Plaza Carolina, the Outlet in Canóvanas, the municipalities of Caguas and Guaynabo, and the University of Puerto Rico’s Mayagüez and Bayamón campuses.

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