Puerto Rico recently published (PR) DA 15-05 regarding the filing of Declaration of Imports in PR for Non-Bonded Importers. This information is particularly important for registrants that are not bonded and who have not been filing their Import Declaration via the current PICO system. This new Ruling 15-05 essentially provides that the “Temporary” Declaration on Imports reporting for non-bonded Importers, implemented back in August of 2014 following malfunctions with the new PICO filing system, no longer applies as of the dates noted.
Effective May 1, 2015, non-bonded Importers whose Tax ID’s end in even numbers must begin filing their PR Import Returns using the procedure previously set forth in Administrative Determination 14-06, which had been temporarily suspended back in 2014. Whereas, non-bonded registered vendors with Registration IDs ending with an odd number are required to begin using the new filing procedures under 14-06 beginning on or after June 1, 2015. Please be aware that vendors who do not file under the re-invigorated processes in 14-06 will not be able to claim any credits for sales tax paid on related Imports, which are generally claimed using Form 2915A. As a result, effective June 1, all PR Importers should report under the standard PICO filing system as the temporary reporting process for non-bonded vendors Declaring Imports will no longer apply.
