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Resident Recipients Withholdings Exemptions

posted Apr 19, 2014, 10:43 AM by Isla CPA   [ updated Apr 19, 2014, 10:43 AM ]
Nov. 15, 2013 -

Regarding the prior resident recipients withholdings blog post, here are some from the 7% withholding requirement.  Exemptions include but ore not limited to:


Payments made to hospitals, clinics, hospice or nursing homes (Many times you will have to withhold 7% on laboratory work.)

   

Payments for religious-related services rendered by priests, rabbis etc.


Payments made to organizations that are exempt pursuant to the provisions of Section 1101.01 of the 2011 Internal Revenue Code of Puerto Rico (Code).

   

Commission to direct salespersons for consumer goods.

   

Payments made to certain qualified farmers.


Certain payment to qualified air or maritime carriers


Payments made to contractors or subcontractors for construction (not included in this exemption is services for architecture, engineering, design, etc).

   

Payments made to the Government of Puerto Rico.

   

   

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The information on this website is general information and is for educational use.  You, the reader, should further research your specific individual situation.  In addition you should contact your accounting professional for for professional advice derived from specific details from your financial position.

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