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Puerto Rico Provides Additional 3-Month Extension for 2017 Tax Returns and Penalty Relief

|Approved Changes|Puerto Rico
Puerto Rico

The Puerto Rico Treasury Department has issued Administrative Determination No. 18-07, which provides for an extension of the standard 3-month automatic extension for return filing to a 6-month extension in respect of the 2017 tax year for all taxpayers that have submitted a standard request for an automatic extension. This additional three months is provided as a result of the impact of Hurricane Maria, which several businesses are still recovering from, resulting in a delay in accounting f…

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