Act 60 Annual Compliance Calendar & Filing Deadlines

Content current as of April 2026. Verify deadlines against the most current DDEC publications. Reflects Act 65-2025 streamlined filing deadlines where applicable.

DDEC Fees & Costs

• Application fee: $5,005 (paid at time of filing)
• Acceptance fee: $105 (paid upon decree grant)
• Annual compliance filing fee: $5,000+ (paid with annual report)

Annual Filing Obligations

• DDEC Annual Report—due annually as specified by your decree or DDEC directive. Includes compliance attestation and payment of the annual filing fee. Act 65-2025 introduced streamlined filing deadlines; verify your cohort’s specific date with DDEC.
• Puerto Rico Tax Return (Form 482)—due April 15 (extensions available). Must report all PR-source income.
• Federal Tax Return (Form 1040)—due April 15 (extensions available). BFRs must file and report worldwide income with proper sourcing.
• Form 8898 (Statement for Individuals Who Begin or End Bona Fide Residence in a U.S. Possession)—due with your federal return for the year you establish or terminate PR residency. Penalty: $1,000 for failure to file.
• FBAR (FinCEN Form 114)—due April 15 (auto-extension to October 15) if aggregate foreign financial accounts exceed $10,000 at any point during the year. PR BFRs remain U.S. persons for reporting purposes.
• FATCA (Form 8938)—due with your federal return if specified foreign financial asset thresholds are met.

Biennial Obligations

• Act 52-2022 Compliance Certificate—due every two years. Requires an agreed-upon procedures (AUP) engagement performed by a licensed Puerto Rico CPA or qualified Compliance Professional. See Compliance Certificates & AUP for details.
• Act 188-2024 AUP Report—an alternative to the standard biennial compliance certificate for qualifying decree holders. Consult counsel to determine eligibility.

Annual Charitable Donation

• All decree holders: $10,000/year ($5K CECFL + $5K qualifying nonprofits). The donation requirement is unchanged by Act 38-2026; it is separate from the $5,000 annual report fee.
• Organizations cannot be controlled by the decree holder or family members
• Retain all donation receipts for AUP verification

Late Filing Consequences

• DDEC deficiency notices with fines up to $10,000 per violation
• Automatic fines starting at $1,000 for failure to file annual reports (effective January 15, 2026)
• Decree revocation—persistent non-compliance can result in DDEC revoking your decree, with retroactive tax liability at standard PR rates
• Form 8898 penalty: $1,000 for failure to file

Self-Employment Tax

Self-employment tax obligations (Social Security and Medicare) apply to Act 60 decree holders who are self-employed or operate as sole proprietors, regardless of decree status. This is a federal obligation that the Act 60 decree does not affect.