On January 23, 2025, the Puerto Rico Department of the Treasury issued Internal Revenue Circular Letter No. 24-01 (CL IR 24-01) announcing the applicable 2024 limits for Puerto Rico qualified retirement plans. Pursuant to...more
2/7/2025
/ Compensation & Benefits ,
Defined Benefit Plans ,
Employee Benefits ,
Income Taxes ,
IRS ,
Puerto Rico ,
Qualified Retirement Plans ,
Reporting Requirements ,
Retirement Plan ,
Tax Credits ,
Tax Planning
On February 20, 2020, the Puerto Rico Treasury Department (PR Treasury) issued Internal Revenue Circular Letter No. 20-08 (CC RI 20-08) granting employers temporary income tax exemptions over payments and certain benefits...more