Schedule V Incentives - Income Tax For Exempt Businesses Under Act 135 Of 1997 - To Be Filed With Form 480.30(Ii) - Puerto Rico Department Of Treasury Page 2
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1
2Rev. 05.03
Schedule V Incentives - Page 2
Part V
Gross Profit on Sales and Other Income
00
1.
Net sales .............................................................................................................................................
(1)
Less: Cost of goods sold or direct costs of production
q
q
2.
Inventory at the beginning of the year
"C"
"C" or "MV"
00
a) Materials ..........................................................................................
(2a)
00
b) Goods in process .............................................................................
(2b)
00
c) Finished goods or merchandise ........................................................
(2c)
00
3.
Purchase of materials or merchandise .......................................................
(3)
00
4.
Direct wages .............................................................................................
(4)
00
5.
Other direct costs (Detail in Part VII) ......................................................
(5)
00
6.
Total cost of goods available for sale (Add lines 2 through 5) ..................
(6)
q
q
7.
Less: Inventory at the end of the year
"C"
"C" or "MV"
00
a) Materials ..................................................
(7a)
00
b) Goods in process .....................................
(7b)
00
00
00
c) Finished goods or merchandise ................
(7c)
00
8.
Gross profit on sales or production .........................................................................................................................................
(8)
00
9.
Designated services income ......................................................................................................................................................
(9)
00
10.
Rent .........................................................................................................................................................................................
(10)
00
11.
Interest ....................................................................................................................................................................................
(11)
00
12.
Royalties .................................................................................................................................................................................
(12)
00
13.
Other income (Submit detail) ..................................................................................................................................................
(13)
14.
Total gross income (Add lines 8 through 13) .......................................................................................................................
(14)
00
Part VI
Deductions and Net Operating Income
00
15.
Compensation to officers ................................................................................................................
(15)
00
16.
Salaries, commissions and bonuses to employees ...........................................................................
(16)
00
17.
Commissions to businesses .............................................................................................................
(17)
00
18.
Social security tax (FICA) ...............................................................................................................
(18)
00
(19)
19.
Unemployment tax ..........................................................................................................................
00
20.
State Insurance Fund premiums ......................................................................................................
(20)
00
21.
Medical or hospitalization insurance ...............................................................................................
(21)
00
22.
Insurance ..........................................................................................................................................
(22)
00
23.
Interest .............................................................................................................................................
(23)
00
24.
Rent ..................................................................................................................................................
(24)
00
(25)
25.
Property tax: (a) Personal ________________ (b) Real ________________ ...............................
00
26.
Other taxes, patents and licenses (Submit detail) ............................................................................
(26)
00
27.
Losses from fire, hurricane, theft or other casualties .......................................................................
(27)
00
28.
Motor vehicles expenses (Do not include depreciation) .................................................................
(28)
00
29.
Meal and entertainment expenses (Total ___________) (See instructions) ....................................
(29)
00
30.
Travel expenses ................................................................................................................................
(30)
00
31.
Professional services ........................................................................................................................
(31)
00
(32)
32.
Contributions to pension or other qualified plans (See instructions) ..............................................
00
33.
Depreciation (See instructions. Submit Schedule E) ........................................................................
(33)
00
34.
Bad debts (See instructions. Submit detail) .....................................................................................
(34)
00
35.
Charitable contributions ...................................................................................................................
(35)
00
36.
Repairs .............................................................................................................................................
(36)
00
37.
Other deductions (See instructions. Submit detail) .........................................................................
(37)
00
38.
Total deductions (Add lines 15 through 37) ..........................................................................................................................
(38)
00
39.
Net operating income (or loss) for the year (Subtract line 38 from line 14. Enter here and in Part III, line 1) .........................
(39)
Part VII
Other Direct Costs
00
00
(8)
1.
Salaries, wages and bonuses ........................
8.
Cost sharing allocation ....................................
(1)
00
00
(9)
2.
Social security tax (FICA) ..........................
9.
Repairs ..............................................................
(2)
00
00
(10)
3.
Unemployment tax .....................................
10.
Utilities ..........................................................
(3)
00
00
4.
State Insurance Fund premiums ..................
11.
Depreciation (Submit Schedule E) .................
(11)
(4)
00
00
5.
Medical or hospitalization insurance ..........
12.
Other expenses (Submit detail) ......................
(12)
(5)
00
6.
Other insurances .........................................
13.
Total other direct costs (Add lines
(6)
(13)
7.
Excise taxes .................................................
1 through 12. Enter in Part V, line 5) ...........
(7)
00
00
Conservation Period: Ten (10) years
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