Puerto Rico Treasury Again Extends Deadlines to Request Federal Employee Retention Benefit After Hurricanes Irma And María

Author:Ms Ana María Bigas-Kennerley
Profession:Littler Mendelson

On May 17, 2019, the Puerto Rico Department of the Treasury ("PR Treasury") issued Internal Revenue Informative Bulletin No. 19-07, granting an additional extension until June 30, 2019 for employers to request the Federal Employee Retention Benefit ("Benefit") related to Hurricanes Irma and María. Consequently, the deadline to submit a Benefit claim (for employers that have requested the Benefit and have not yet received it) has also been extended until July 10, 2019.

As previously discussed, the Disaster Tax Relief and Airport Extension Act of 2017 was adopted to, among other goals, provide tax relief to those affected by Hurricanes Irma and Maria. The Act includes an employee retention benefit available to eligible employers. On June 8, 2018, the PR Treasury issued Internal Revenue Circular Letter No. 18-11 ("CL 18-11") to establish the eligibility requirements for requesting the Benefit. The initial deadline for doing so was December 31, 2018. Subsequently, the PR Treasury issued Internal Revenue Circular Letter No. 18-20 ("CL 18-20") to establish a procedure through which Puerto Rico employers could file with the PR Treasury a claim in connection with the Benefit, in the event they have requested the Benefit within the required deadline and have not received it in accordance with CC 18-11. Pursuant to CL 18-20, the deadline to submit such a claim was February 28, 2019. On January 11, 2019 and as previously discussed, the PR Treasury issued Internal Revenue Informative Bulletin No. 19-01...

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