Form OCAM PA01 "Business Volume Declaration" - Puerto Rico

What Is Form OCAM PA01?

This is a legal form that was released by the Puerto Rico Department of Treasury - a government authority operating within Puerto Rico. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on January 1, 2014;
  • The latest edition provided by the Puerto Rico Department of Treasury;
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  • Fill out the form in our online filing application.

Download a fillable version of Form OCAM PA01 by clicking the link below or browse more documents and templates provided by the Puerto Rico Department of Treasury.

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Commonwealth of Puerto Rico
OCAM PA01 REV 2014
Business Volume Declaration
Municipality of
San Juan
For Calendar Year 20
or other taxable year from
20
to
20
Please complete the following information:
Employer Social Security Number
Type of License
Municipal Identification Number
Fiscal Year Business Telephone Number
Normal
Exempt
Executed
Name of D/B/A
Seg. Soc. of Owner o Representative of Reg. Inc.
Name of Individual, Industry, Business
New Address?
Physical Address
Zip Code
YES
NO
Industry, Business or Service Class
Num. of Employees
Annual Payroll
Date Business was established:
Type of Business
Indiv.
Soc.
Corp.
$
MM:
DD:
YR:
Owner or Representative’s Name
Owner or Representative’s Position
¿Radicó usted Declaración de Volumen de
Negocios el año pasado?
YES
NO
Mailing Address
Zip Code
New Address?
YES
NO
Owner or Representative’s Home Address
Zip Code
New Address?
YES
NO
Mailing Address of Businesses’ Main Office
Zip Code
New Address?
YES
NO
Business Volume (Schedule 6, Line 27, Page 3) .........................................................................................................................
$
Municipal Tax rate (Schedule 6, Line 29, Page 3) .......................................................................................................................
License Tax Due (Schedule 6, Line 30, Page 3) ..........................................................................................................................
Penalties (Schedule 6, Line 32, Page 3) ......................................................................................................................................
Discount (Schedule 6, Line 33, Page 3) ..............................................................................................................................
Credit for Similar Taxes paid outside of Puerto Rico ....................................................................................................................
(Schedule 6, Line 34, Page 3)
Total Tax Due (Schedule 6, Line 35, Page 3) .............................................................................................................................
$
C e r t i f i c a t i o n
I certify, that the Business Volume hereby declared has been calculated following the provisions of Act 113 of July 10, 1974, as amended, known as the Municipal
License Tax Act; that the financials attached are in accordance with the company’s accounting books as of
and that the copies
of pages and/or addendums to the Puerto Rico Income Tax Return are true and exact duplicates of those submitted to the Treasury Department.
Taxpayer’s Signature or Authorized Agent
Date
O A T H
Taxpayer or Authorized Representative’s Signature:
Aff. #
Sworn and subscribed before me by
of legal age and resident of
, Puerto Rico whom I personally know or am able to
identify by means of reliable alternate resources today, ___________________________ in the city of
________________, Puerto Rico.
Notarial
Seal
Signature of Officer Administering Oath
Title of Officer Administering Oath
See instructions on Page 4 before completing this Declaration.
Commonwealth of Puerto Rico
OCAM PA01 REV 2014
Business Volume Declaration
Municipality of
San Juan
For Calendar Year 20
or other taxable year from
20
to
20
Please complete the following information:
Employer Social Security Number
Type of License
Municipal Identification Number
Fiscal Year Business Telephone Number
Normal
Exempt
Executed
Name of D/B/A
Seg. Soc. of Owner o Representative of Reg. Inc.
Name of Individual, Industry, Business
New Address?
Physical Address
Zip Code
YES
NO
Industry, Business or Service Class
Num. of Employees
Annual Payroll
Date Business was established:
Type of Business
Indiv.
Soc.
Corp.
$
MM:
DD:
YR:
Owner or Representative’s Name
Owner or Representative’s Position
¿Radicó usted Declaración de Volumen de
Negocios el año pasado?
YES
NO
Mailing Address
Zip Code
New Address?
YES
NO
Owner or Representative’s Home Address
Zip Code
New Address?
YES
NO
Mailing Address of Businesses’ Main Office
Zip Code
New Address?
YES
NO
Business Volume (Schedule 6, Line 27, Page 3) .........................................................................................................................
$
Municipal Tax rate (Schedule 6, Line 29, Page 3) .......................................................................................................................
License Tax Due (Schedule 6, Line 30, Page 3) ..........................................................................................................................
Penalties (Schedule 6, Line 32, Page 3) ......................................................................................................................................
Discount (Schedule 6, Line 33, Page 3) ..............................................................................................................................
Credit for Similar Taxes paid outside of Puerto Rico ....................................................................................................................
(Schedule 6, Line 34, Page 3)
Total Tax Due (Schedule 6, Line 35, Page 3) .............................................................................................................................
$
C e r t i f i c a t i o n
I certify, that the Business Volume hereby declared has been calculated following the provisions of Act 113 of July 10, 1974, as amended, known as the Municipal
License Tax Act; that the financials attached are in accordance with the company’s accounting books as of
and that the copies
of pages and/or addendums to the Puerto Rico Income Tax Return are true and exact duplicates of those submitted to the Treasury Department.
Taxpayer’s Signature or Authorized Agent
Date
O A T H
Taxpayer or Authorized Representative’s Signature:
Aff. #
Sworn and subscribed before me by
of legal age and resident of
, Puerto Rico whom I personally know or am able to
identify by means of reliable alternate resources today, ___________________________ in the city of
________________, Puerto Rico.
Notarial
Seal
Signature of Officer Administering Oath
Title of Officer Administering Oath
See instructions on Page 4 before completing this Declaration.
Page 2
Determination of Business Volume
Gross Income for the Accounting Year immediately Preceding Actual ..........................................................
$
1.
2.
Less: Sales Returns ....................................................................................................................................
3.
Adjusted Gross Income ( Schedule 6, Line 27A, Column A, Page 3) ..............................................................
$
4.
Interest Received or Earned on Loans Granted in Puerto Rico (Schedule 6, Line 27B,
Column B, Page 3) .......................................................................................................................................
$
( T o B e C o m p l e t e d b y Ma i n B r a n c h / O f f i c e )
5.
Interests Received or Earned on Loans ..............................................................
$
6.
Service Charges ................................................................................................
7.
Rents .................................................................................................................
8.
Gross Income on Sales of Securities ..................................................................
9.
Gross Income on Sales of Properties ...........................
10. Less: Cost of Property Sold ...........................................
11. Adjusted Gross Income on Sales of Properties ...................................................
12. Other Income Received .....................................................................................
13. Gross Income for the Accounting year Immediately Preceding Actual ...........................................................
$
14. Less: Losses on Securities
(Amount should not exceed total gains obtained from them) ...............................
$
15. Total Adjusted Gross Income of the Organization .........................................................................................
$
16. Total deposits of the organization in Puerto Rico ................................................
$
17. Total deposits of the branch(es) in this municipality ............................................
$
18. Ratio of Total deposits of the branch(es) to the total deposits of the organization
(Divide item 17 by item 16 and enter result here ) .............................................
$
19. Adjusted Gross income of Branch(es) or Main Office In this Municipality
(Multiply item 15 by item 18 and enter the result on item 6, line 27C, Column
B, Page 3) ..........................................................................................................................................
$
20. Gross Income of the Accounting Year Immediately preceding actual ............................................................
$
21. Less:
a. Cost Property Sold ..............................................................................
$
b. Losses on securities’ (Amount should not exceed the total gains obtained
from them) ..........................................................................................
$
22. Adjusted Gross Income (Schedule 6, Line 27D, Column B, Page 3) ..................................................................
$
See instructions on Page 4 before completing this Declaration.
Page 3
Business Volume Calculation for Gasoline Station
Gasoline
23. Gallons of gasoline purchased per certification from supplier ........................................................................
23a. Income from sales ...............................................................................................................................
23b. % Income per gallon sold* ..................................................................................................................
23c. Acquisition cost ...................................................................................................................................
23d. % Acquisition cost per gallon* .............................................................................................................
23e. Gross Margin ......................................................................................................................................
24. Total Business Volume from Gasoline sales (Multiply 23 x 23e) ....................................................................
25. Plus: Other operational gross income (Sales from other Products and Services,
Accessories, mini-market etc.) ....................................................................................................................
$
26. Total adjusted gross income (Schedule 6, Line 27E, Column A, Page 3) ......................................................
* To determine Income per gallon sold and Acquisition cost per gallon please use four (4) decimal
places.
A
B
Calculation of Tax to be Paid:
Non-Financial Business
Financial Business
27. Business Volume for taxable year immediately preceding the actual:
a.
From Schedule 2, Line 3, Page 2 ....................................................................................
$
b.
From Schedule 2, Line 4, Page 2 ....................................................................................
$
c.
From Schedule 3, Line 19, Page 2 ..................................................................................
d.
From Schedule 4, Line 22, Page 2 ..................................................................................
e.
From Schedule 5, Line 26, Page 2 ..................................................................................
28. Add: All the categories of Business Volume from taxable years
immediately preceding actual ..................................................................................................
29. Rate of tax set by the Municipal Assembly . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30. Tax due (Multiply item 28 by item 29, for columns A and B and enter
the products here) ..................................................................................................................
$
31. Total due excluding penalty or discount (Add columns A and B from item 30 and enter the total here.) . . . . . . . . . . . . . . . . .
32. Penalty (Enter the penalty for late filing, if applicable. See instructions.) ..........................................................................
33. Discount (Enter discount for anticipated payment, if applicable. See instructions.) ...........................................................
34. Credit for Similar Taxes paid outside of Puerto Rico .........................................................................................................
35. Total Due (Add item 31 and 32 and deduct item 33, if applicable. Then subtract item, 34 if applicable. Enter the result here
$
and in Schedule 1, Line Total Tax Due, Page 1.) ..............................................................................................................
lf this declaration is for the main or home office; include the municipalities and the business volumes rendered in each one of them,
where offices, warehouses, manufacturing plants, etc. are operating.
Business Volume for
Business Volume for
Municipality
Municipality
Services Rendered
Services Rendered
$
$
$
$
$
$
See instructions on Page 4 before completing this Declaration.
General Instructions
1.
Any person (individual, trust, succession, society, Corporation, etc.) whom profits from the provision of any service, sale of
any service, sale of any property, any banking business or any industry or business operating in municipalities of the
Commonwealth of Puerto Rico, is subject to payment of Business Volume Tax, unless otherwise established by law.
2.
Any person or its authorized agent, subject to the payment of Business Volume tax, shall be required to give a Declaration
of Business Volume by or before five (5) working days after 15 April of each taxable year.
3.
st
st
Payment of Business Volume Tax expire each semester, on the 1
of July and 1
of January each year. A 5% discount
shall be granted to taxpayers who submit payment for the total amount of Business Volume Tax by or before five (5)
working days after 15 April of each taxable year.
4.
Taxpayers among others, services, sales, financial business and/or any industry or business are exempt from the payment
of Business Volume Tax, when your business volume does not exceed five thousand (5,000) dollars.
5.
The main or home office will file a Business Volume Declaration for the municipality where it is established, and include
the results of operations for branches in the same municipality, if any. In addition, Declarations will be submitted separately
for the volume of business carried out in other municipalities where the main or home office has branches/subsidiaries,
offices, warehouses, etc. All statements shall be rendered to the Director of Finance of the municipality where the main
office is established and a copy of each statement to the corresponding municipality.
6.
Accounting year shall mean the calendar year or financial year completed within the calendar year. The accounting year
shall be equal to the one used to prepare and file the Income Tax Returns. If the Income Tax Return is not rendered, then
the accounting year will equal the calendar year.
7.
Include in Item 1 of Schedule 2, the volume of business of any service rendered in the municipality, even if there is no
office is physically established.
8.
"Services" means those operations carried out by any industry or business of providing services to the user or consumer,
including, but not limited to professional services. The term "sales" means those operations carried out by any industry or
business consisting of the sale of retail or wholesale goods.
9.
The gross income earned by commercial banks, savings and loans associations, or mutual savings banks subject to the
payment of Business volume tax will be distributed among the branches according to the proportion kept regarding all kinds
of deposits with the total deposits of the Organization in Puerto Rico.
10. Schedule 4, "Other financial businesses" will include any industry or business that provides services and transactions of
finance, loan, investment companies, collection agencies, and any other financial activity carried out by any industry or
business.
11. A copy of certification of gallons of gasoline purchased, will be required with the Declaration of Business Volume to
determine the contribution to pay for the sale of gasoline.
12. If the business volume declared exceeds three million (3,000,000) dollars, the declaration must be certified by the
taxpayer or authorized agent, and should this accompanied with a Statement of Profits and Losses, Financial
Statement and Statement of Cash flow, certified by an Public Accountant, for the immediately preceding accounting year.
If the volume of business does not exceed three million (3,000,000) dollars, the declaration must be accompanied by a
copy of the page or addendum of the State Income Tax return submitted to the Treasury Department where the gross
income and operating expenses are detailed.
13. The Business Volume Declaration must be sworn to before any officer of the Municipal Revenues and Collection Office or
other person authorized to take oath under the Commonwealth of Puerto Rico.
14. Taxpayers who fail to submit the Business Volume Declaration shall be penalized within the terms prescribed by law,
unless it is proved that such failure is due to reasonable cause and that it is not due to voluntary disregard. FIVE (5%)
PERCENT IT WILL ADDED TO THE TOTAL TAX DUE, IF IT IS FILED LESS THAN THIRTY (30) DAYS LATE AND AN
ADDITIONAL FIVE (5%) PERCENT WILL BE ADDED FOR EACH PERIOD OR FRACTION OF ADDITIONAL PERIOD
OF THIRTY (30) DAYS WHILE THE OMISSION PERSISTS, BUT SHALL NOT EXCEED TWENTY-FIVE (25%) PERCENT
TOTAL.
15. Check if the municipality has lower tax rates or full exemption to encourage/incentive establishment of certain the type of
businesses in the area.
16. If the main or home office operate in more municipalities or have branches/subsidiary offices, additional to the already
listed in the space provided on page three (3) of the Business Volume Declaration, please detail on an additional sheet.
17. The information contained in the Income Tax Return will be considered confidential; and all penalties, violations and
restrictions related to the use of this information, as established in the Internal Revenue Code of 1994, as amended, apply
to the employees and any person who has access to such information.