Get 499 R 4 2011-2025

Since the beginning of 2019, any person engaged in doing business in Puerto Rico and that pays for rendered services to another person must deduct and withhold 10% on income tax.

If the employee is claiming MARRIED FILING SEPARATELY, multiply the total number of dependents claimed by $1,250 each....Withholding Formula (Residents) (Effective Pay Period 06, 2017) Taxable WagesAmount of TaxOver $41,500 but not over $61,50025% minus $6,945Over $61,50033% minus $11,8653 more rows • Mar 21, 2018

Any natural or legal person doing business in Puerto Rico who makes payments (Payer) for rendered services must deduct and withhold 10% from such payment. Services provided include payments for professional services, repairs, maintenance, promotional services, legal services, services in general, among others.

Form 499R-1 (Monthly Deposit of Income Tax Withheld) - This form is used to deposit the taxes withheld during the prior month. Form 499-R-1B (Employer's Quarterly Return of Income Tax Withheld) - This return must be filed on or before April 30, July 31, October 31 and January 31 of each year.

Personal exemptions The exemption for each dependant is USD 2,500. The veteran's exemption is USD 1,500. Puerto Rican non-resident foreign nationals are not allowed any exemptions.

Corporations not engaged in a trade or business in Puerto Rico are subject to a 29% WHT at source on certain gross income items (considered fixed or determinable, annual or periodical [FDAP]) from Puerto Rico sources.

What are my state payroll tax obligations? Puerto Rico requires employers to withhold state income taxes from employee paychecks in addition to employer paid unemployment taxes. Find Puerto Rico's tax rates here.

The current tax rate for Social Security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total.