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prima:Puerto Rico Department of Treasury expects to exceed tax collection estimates

This year, the agency has received more withholding vouchers and employers reported almost 8% in payments to workers

February 17, 2025 - 10:28 AM

The last tax cycle was a unique one, as it included a one-time allocation of $250 million that was distributed in the form of a reimbursable incentive to taxpayers who qualified. (Sebastiao Moreira)

The Department of the Treasury expects an increase in collections during the tax return cycle that expires on April 15, because this year, the agency has received withholding vouchers from employees with more reported income and in turn, has received more vouchers, known as W2s.

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