In recent times, small business owners in Puerto Rico have navigated through various bureaucratic processes to achieve better financial footing, one of which involves the AS 2914.1 D form, a vital document from the Department of the Treasury. Tailored for registered merchants projecting a volume of business under five hundred thousand dollars ($500,000), this form acts as an application for a Sales and Use Tax (SUT) exemption certificate, streamlining a critical aspect of managing finances and tax liabilities. The form requires detailed information about the merchant, including registration and Identification numbers, legal and commercial names, and a truthful declaration of the volume of business per municipality. Additionally, questions regarding the sale of tangible personal property necessitate further detail about items for resale, underscoring the form's comprehensive nature. Merchants must authenticate the accuracy of their application under penalty of perjury and are obligated to keep the Department updated on any changes to their business information. Meanwhile, the Department reserves the right to scrutinize applications, demanding a history of compliance with tax filings and freedom from tax debts as prerequisites for approval. This intricate process underscores both the government's vigilance in tax exemption eligibility and its support for small businesses via fiscal incentives, provided applicants adhere strictly to the bureaucratic and legislative standards set forth.
| Question | Answer |
|---|---|
| Form Name | Form As2914 1 D |
| Form Length | 2 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 30 sec |
| Other names | AS 2914 1 D form 2914 puerto rico online |
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Form AS 2914.1 D |
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Commonwealth of Puerto Rico |
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Serial Number |
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Rev. Oct 6 09 |
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DEPARTMENT OF THE TREASURY |
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APPLICATION FOR EXEMPTION CERTIFICATE FOR REGISTERED MERCHANTS WHOSE |
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VOLUME OF BUSINESS IS LESS THAN FIVE HUNDRED THOUSAND DOLLARS ($500,000) |
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INFORMATION OF THE COMMERCIAL LOCATION |
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1. Merchant’s registration number |
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2. Social Security or Employer Identification Number |
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Receipt Stamp |
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3. Legal name of the corporation, partnership, individual owner (name, initial, last name) or other |
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4. Commercial name or DBA |
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5. Volumeofbusinessforthemunicipalitywherethislocationisestablished,accordingtotheVolume of |
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6. Municipality where you filed the Volume of Business |
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Business Declaration for the payment of the |
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Declaration for this location |
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Municipal License Tax, prior to this application: |
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, |
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7. Check here if you submitted to the Department of the Treasury the Volume of Business Declarations for the payment of the Municipal License Tax for all municipalities where you conduct business.
8. Do you sell tangible personal property? |
Yes |
No. If you answered “Yes”, provide a detailed description of the tangible personal property that you |
will purchase for resale in the ordinary course of your business.
OATH
I hereby declare under penalty of perjury that this application has been examined by me, and that to the best of my knowledge and belief, all the information provided herein is true, correct and complete. I also agree to notify the Secretary of the Treasury of any change in the information provided on this application, within 30 days of the change or event. The declaration of the person that prepares this application (except the merchant) is with respect to the available information, and such information has been verified.
Merchant's name |
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Merchant's signature |
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Title |
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Date |
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Name of duly authorized agent |
Signature of duly authorized agent |
Date |
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Specialist's number |
Address |
Telephone |
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TO BE COMPLETED BY THE DEPARTMENT OF THE TREASURY
Verified information regarding this application, as applicable:
Type of exemption requested __________________________________________________________________________________________________
Failure to file income tax returns or other returns for the last five years Income tax or other tax debt
Failure to file SUT returns SUT debt
Volume of Business Declarations for the payment of the Municipal License Tax of all municipalities where he/she conducts business
Any other document required by the Secretary of the Treasury _______________________________________________________________________
Determination: |
Accepted |
Denied |
Comments / Observations:
CERTIFICATION
After evaluating this application, I certify that it is complete in all of its parts and the information provided herein is presumed to be true. Nevertheless, the Department of the Treasury reserves the right to conduct any future investigation to verify the information.
Employee's name |
Employee's signature |
Date |
District |
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Retention: Six (6) years.
INSTRUCTIONS
This form shall be filed for each location of every duly registered merchant, whose volume of business is less than five hundred thousand dollars ($500,000), that is interested in requesting a Sales and Use Tax (SUT) exemption certificate. This form shall be completed in all of its parts in a clear and legible manner. Presenting an incomplete form may delay the evaluation of your case and the issuance of the exemption certificate.
When issuing an exemption certificate, the Secretary of the Treasury (Secretary) shall ensure the following:
(1)that the person requesting such certificate is a merchant or holder of an exemption;
(2)that the person is duly registered at the Merchant’s Registry of the Department of the Treasury (Department);
(3)in the case of a reseller, that he/she provides a detailed description of the tangible personal property to be purchased for resale in the ordinary course of business;
(4)does not have any debt with the Department;
(5)has filed all of his/her returns, including the income tax returns and those related to the SUT; and
(6)provides the Volume of Business Declarations for the payment of the Municipal License Tax for all municipalities where he/she conducts business (Volume of Business Declarations).
If you have submitted the Volume of Business Declarations with a previous application, indicate so in Box No. 7 and do not submit them again.
The Secretary may require a person to submit documents and evidence of its organizational structure, tax debt certifications or any other information or necessary document during the review process. Furthermore, the Secretary may revoke the SUT exemption certificate to any person that fails to comply with any of the requirements established in Subtitle BB of the Puerto Rico Internal Revenue Code of 1994, as amended (Code). Any person whose exemption certificate has been revoked, may request a new exemption certificate one year after such revocation, subject to the requirements established by the Code.
Any person that violates the provisions of Subtitle BB of the Code, the requirements set forth by the Secretary or the regulations issued thereunder, will be subject to administrative and criminal sanctions, as it is determined. Therefore, the information provided shall be true, correct and complete.
This application will be filed at any of the Merchant’s Service Districts located in San Juan, Bayamón, Carolina, Caguas, Humacao, Arecibo, Ponce, Mayagüez and Aguadilla. It may also be mailed to the Department of the Treasury, Consumption Tax Bureau, Exemption Certificate, PO Box 9024140, San Juan, PR