By Payroll and Entitlements Editorial Staff
Effective January 1, 2020, contribution rates for Puerto Rico are listed under Tax Rate Schedule B. Rates under this schedule range from 1.2% to 4.3% for positive-balance employers and from 4.4% to 5.4% for negative-balance employers. New employers pay 2.8% in 2020. The 1.0% special tax remains in effect this year (DOL Communication).
Interested in submitting an article?
Submit your information to us today!Learn More