The Puerto Rico Treasury recently issued Internal Revenue Circular Letter No. 19-10 to announce the issuance of a new Quarterly Return and its electronic filing procedures, and to establish a minimum tax withholding amount.
On May 1, 2019, the Massachusetts Department of Family and Medical Leave offered Massachusetts businesses a temporary reprieve by extending two key deadlines critical to the implementation of the Massachusetts Paid Family Medical Leave law.
The Puerto Rico DOL has issued a last-minute administrative determination allowing employers to submit their quarterly unemployment returns corresponding to the first quarter of 2019 on paper instead of electronically.
On March 29, 2019, the Massachusetts Executive Office of Labor and Workforce Development released an updated version of the proposed Massachusetts Paid Family and Medical Leave regulations.
The Puerto Rico Department of Labor and Human Resources has announced that in an effort to improve services and reduce public expenses, all employers will be required to submit their unemployment tax returns electronically starting April 1, 2019.
On March 4, 2019, the U.S. Supreme Court held in BNSF Railway Co. v. Loos that a railroad’s payment to an employee for work time lost due to an on-the-job injury is taxable compensation under the Railroad Retirement Tax Act (RRTA).
On December 31, 2018, the Puerto Rico Department of the Treasury issued Internal Revenue Informative Bulletin No. 18-24, announcing the 2019 applicable limits for Puerto Rico qualified retirement plans.
On November 1, 2018, the Internal Revenue Service (IRS) announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for the 2019 tax year.
On October 22, 2018, the Puerto Rico Department of the Treasury issued Publication 18-03, which makes tax reporting and tax deadline changes for certain severance payments.
