The Governor of Puerto Rico has signed an order authorizing the establishment of tax rules for distributions from qualified retirement plans and IRAs following Hurricane Maria and other natural disasters.
On October 24, 2017, Puerto Rico's Secretary of the Department of Labor and Human Resources issued an Administrative Order granting an automatic extension for all employers required to file a Quarterly Unemployment and Disability Tax Report.
In order to assist in rebuilding and recovery following Hurricane Maria, Puerto Rico’s governor and several agencies have issued multiple exemptions to previously established rules for operations, as well as extensions to multiple deadlines.
On October 4, 2017, the Puerto Rico Department of the Treasury issued Administrative Determination No. 17-21 granting temporary income tax exemptions for employer-provided payments and certain benefits related to Hurricane Maria relief.
Hurricane Harvey is relentlessly drenching southeast Texas and the surrounding areas, resulting in unprecedented flooding and damage. As the storm rages, many employers are wondering how to respond and what happens next.