Puerto Rico - Personal property tax estimated payments 

January 22:  New law enacted by the Commonwealth of Puerto Rico as “Act No. 136” (26 November 2013) establishes a requirement for estimated tax payments of personal property tax liability, effective for tax years beginning after December 31, 2013.

Calculation of estimated taxes

The calculation of the estimated tax is to be made using an approximate calculation of the personal property tax that may be reasonably expected for the next year, taking into account any prior year overpayment. The total estimated taxes paid is to be the lesser of:


  • 90% of the current year’s tax liability; or
  • 100% of the prior year tax liability

Estimated tax installment due dates

The estimated taxes are to be paid in four equal installments due the 15th day of February, May, August, and November.


If the requirement to pay estimate taxes is triggered for the first time:


  • On or after April 30 and before August 1—the due date for the first installment will be August 15. In this case, three equal installments are to be made. The second will be due November 15, and the third one February 15.
  • After July 31 and before November 1—the due date for the first installment will be November 15. There are to be two equal installments. The second and final installment will be due February 15.
  • After October 31 and before February 15—the due date for the first and only installment will be February 15.

If there is any change in the calculation of estimated tax, the remaining installments, if any, are to be ratably increased or decreased, as the case may be, to reflect such change. Interest and surcharges may be assessed for failure to pay estimated taxes.


Finally, in order to benefit from the 5% discount for early payment, taxpayers will be required to pay with the first estimated tax installment (August 15) an amount equal to the total tax paid with the tax return filed in the prior year.



For more information, contact a tax professional with KPMG in Puerto Rico:


Rolando Lopez

(787) 622-5340


Carlos Molina

(787) 622-5311




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Washington, DC 20006.

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