The Puerto Rico Department of Economic Development and Commerce (DDEC), through the Office of Incentives for Businesses in Puerto Rico (OIN), issued Informative Bulletin DDEC 2026-005 on May 14, 2026 regarding the filing requirements for 2025 Exempt Business Annual Reports (IANEs).
The bulletin reminds businesses and individuals operating under Act 60 and prior incentive laws that IANEs must continue to be filed directly through the DDEC Incentives Portal for tax year 2025, as the electronic integration with the Puerto Rico Treasury Department has been postponed.
Key Highlights:
• Filing deadlines depend on the language of each tax exemption decree.
• Many taxpayers under prior incentive laws must file within 30 days after filing their income tax return, including extensions.
• Certain Act 60 decree holders may have a filing deadline of November 16, 2026.
• Automatic IANE extensions remain available with proof of Treasury extension filing.
• The automatic extension filing fee is $105.
• IANEs must be filed through the DDEC Incentives Portal.
• Businesses subject to Form 480.3(II) may qualify for an extended deadline through December 22, 2026 under certain conditions.
Important Penalties:
• Automatic $1,000 penalty after noncompliance notice.
• Additional automatic $5,000 penalty if unresolved within 15 days.
• Possible revocation of the tax exemption decree for continued noncompliance.
Businesses operating under Act 60 or prior incentive laws should carefully review their decree requirements and filing obligations to avoid penalties and potential decree revocation.