Following the release of Administrative Determination 22-03 by the Puerto Rico Treasury Department (see EY Global Tax Alert, Puerto Rico’s Treasury Department extends due date for certain income tax returns, dated 11 April 2022), the Puerto Rico Department of State has extended (Administrative Order 2022-03) the due date for filing annual reports, paying annual fees, and requesting the first extension of time to file the annual reports from 18 April 2022 to 25 April 2022. Taxpayers have until 27 June 2022 to file a request for a second extension of time to file the annual reports. If requested, the due...