Puerto Rico has a payroll withholding tax. The PR W2 is exclusive from the US W2 so watch out if you’re submitting W2s for PR. For extra knowledge on payroll tax prices and necessities:

Make contact with the PR Division of Treasury at:

Departamento de Hacienda
P.O. Field 9024140,
San Juan, P.R. 00902-4140
Tel: (787) 721-2020

As of 2009, Puerto Rico’s taxable wage basis limit for unemployment wages is $7,000.00 and for incapacity is $9,000.00. PR HAS a provision for quarterly wages on magnetic media. For additional knowledge on unemployment and incapacity premiums and calls for:

Get in contact with the Puerto Rico Division of Labor at:

Departamento del Trabajo y Recursos Humanos
Edificio Prudencio Rivera Martínez
Ave. Muñoz Rivera 505
Hato Rey, PR 00918
Tel: 787.754.5353
Fax: 787.756.1149

If you have to to acquire a CPA:

Colegio de Contadores Publicos Autorizados de Puerto Rico
Tel: 787.754.1950
Fax: 787.753.0212

There’s a provision for least wage in PR, and it differs by market. There’s a provision for brand spanking new retain the companies of reporting in PR. Puerto Rico payroll legislation calls for that involuntarily terminated employees members have to be paid their final pay again by subsequent typical payday. As well as, the terminated employee will probably be entitled to cost based mostly totally on variety of months and a very long time labored with the agency. There’s a meal penalty for employees members that do the job further than 5 hrs with out having getting a meal cut up.

There’s an extra time penalty for employees that work greater than 8 hrs in a 24 hour interval. Occasion, if an employee begins off nearly each working day at 9 am, and on 1 occasion begins at 8 am, this employee has labored 9 a number of hours in that 24 hour time interval that commenced at 8 am and must be compensated further time. There is a high-quality fork out for personnel engaged on Sundays. As of 2009 that value is $11.50 for every hour.

Sick and Vacation trip fork out are obligatory. The usual rule is that Unwell and Journey time accrue for employees that labored 115 hrs or much more in a thirty day interval. Unwell time is accrued at 1 working day for every thirty day interval and Getaway time at 1.25 days for each month.

Xmas bonus is critical and should be compensated prematurely of December fifteenth of every calendar 12 months. The accrual interval begins Oct 1st and ends November thirtieth. Any worker (even when terminated) that labored 700 a number of hours or much more will purchase a Xmas Bonus. As of 2009 Christmas reward for companies with way more than 15 workforce is 6% of earnings for the accrual time period as much as a most of $600. For corporations with 15 employees or fewer it’s 3% of earnings for the accrual time period as much as a highest of $300.