Sunday, December 16, 2018

Puerto Rico Treasury to hold seminar Dec. 4 on changes to SURI, the internal revenue system

By on November 28, 2018

(Screen capture of www.hacienda.pr.gov)

SAN JUAN – Puerto Rico Treasury Secretary Teresita Fuentes announced Wednesday that her department will hold a seminar Dec. 4 on the second-phase changes to the online internal revenue system (SURI by its Spanish acronym), which come into effect Dec. 10.

The Treasury Department wants to educate business owners and taxpayers about the expansion of SURI, which will “allow services and transactions related to excise taxes; Internal Revenue licenses; source withholding (this includes employer returns and everything related to Form W-2 and information returns); estate; and donations can be made through this digital mechanism,” the official said. “The transformation of our technological infrastructure, as part of the public policy of Governor Ricardo Rosselló, will allow us to carry out our collection and oversight efforts with greater efficiency, while offering taxpayers a simpler and more agile process, in which they will find the information they need in one place.”

The seminar will be held at the René Marqués Theater Hall in the Luis A. Ferré Fine Arts Center in Santurce. The program includes an 8:30 a.m. to 11:30 a.m. morning session; and one in the afternoon from 1:30 p.m. to 4:30 p.m., both will address the same content.

To attend the event, which is free of charge, those interested must register at Treasury’s website.

The information provided at the seminar, including video of the presentation, as well as bulletins and other documents, will be available on Treasury’s website following the evebt.

The first phase of SURI was implemented in November 2016 and consisted of integrating transactions related to the sales and use tax.

The second phase will be implemented Dec. 10 and the third phase is slated to be completed in December 2019, with the integration of individual and corporate income tax returns.

Treasury Broadens SURI Tax Oversight

 

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