Nonresident Tax Return.pdf

Purpose: To report income tax withheld at source from nonresident individuals, corporations, or foreign societies not engaged in trade or business in Puerto Rico.

Who Must File: Any person, regardless of capacity, who has control, receipt, custody, disposal, or payment of interests, rents, royalties, salaries, wages, commissions, premiums, annuities, remunerations, emoluments, compensations, dividends, or other gains, benefits, and annual or periodic income that are fixed or determinable, from any nonresident individual or fiduciary, foreign corporations, or societies not dedicated to industry or business in Puerto Rico.

Form Structure:

1. Part I: Summary of Forms 480.6C per Type of Income, including:
Salaries, wages, or compensations
Payments for services rendered by independent contractors
Compensation paid by international associations or federations of sports teams
Sale of property
Dividends subject to 10%, 15%, or preferential rates
Royalties
Interests
Rents
Public shows
Other payments subject to withholding
2. Part II: Monthly Tax Withheld Reconciliation, including:
Total tax withheld
Credit for tax on deemed dividends
Total tax withheld after credit
3. Part III: Annual Reconciliation Statement of Tax Withheld Reported but Not Deposited by the Broker/Dealer or Other Financial Intermediary, including:
Financial intermediary information
Issuer or entity information
Tax reported by broker/dealer
Amount paid subject to withholding
Tax withheld

Retention: Ten (10) years

Instructions: Available in the Form 480.30 instructions (Rev. 08.22)