Schedule T Incentives - Addition To The Tax For Failure To Pay Estimated Tax In Case Of Exempt Businesses Under The Puerto Rico Incentives Programs Page 2

Rev. 05.03

Schedule T Incentives - Page 2

Part II

Failure to Pay

(a)

(b)

(c)

(d)

Due date (See instructions)

30.

;

First Installment

Second Installment

Third Installment

Fourth Installment

CALENDAR YEAR

;

FISCAL YEAR (Enter the corresponding dates) .........................

(30)

31.

Amount of minimum estimated tax per installment (If you

completed Section A and B of Part I, enter line 29. Otherwise,

see instructions) ..................................................................................

(31)

32.

Amount of estimated tax paid per installment

(See instructions) ................................................................................

(32)

33.

Payment date (See instructions) .........................................................

(33)

Line 40 from previous column ............................................................

34.

(34)

35.

Add lines 32 and 34 .............................................................................

(35)

36.

Subtract line 31 from line 35 (If it is zero or less, enter zero) .............

(36)

37.

Failure to Pay (If line 36 is zero, subtract line 35 from line 31.

Otherwise, enter zero) ........................................................................

(37)

Add lines 37 and 39 from previous column ........................................

38.

(38)

39.

If line 38 is equal or larger than line 36, subtract line 36 from

line 38 and go to line 34 of next column. Otherwise, go to line

40 ........................................................................................................

(39)

Overpayment. (If line 36 is larger than line 38, subtract line 38

40.

from line 36, and go to line 34 of next column. Otherwise, enter

zero) .....................................................................................................

(40)

Part III

Addition to the Tax for Failure to Pay

Multiply line 37 by 20% (See instructions) .........................................

41.

(41)

Number of days from the due date to the payment date (See

42.

instructions) .........................................................................................

(42)

Line 42

43.

365

X line 41 (See instructions) ..........................................

(43)

Addition to the Tax for Failure to Pay (Add the amounts from

44.

columns of line 43. Transfer to page 1, Part I, line 3 of the

return) ....................................................................................................

(44)

Part IV

Tables to Calculate the Addition to the Tax for Failure to Pay the Installments of Estimated Tax

TABLE 1 - Payments to Meet the First Installment Made After its Due Date ( __________ )

Amount due and not paid before

Amount of payment or

Date of payment or

Days elapsed from

Multiply (a) by 20% by (d)

the payment

overpayment

the due date

365

(a)

(b)

(c)

(d)

(e)

Total: Add Column (e) and transfer to Part III, line 43, Column (a) ........................................................................................

TABLE 2 - Payments to Meet the Second Installment Made After its Due Date ( __________ )

Amount due and not paid before

Amount of payment or

Date of payment or

Days elapsed from

Multiply (a) by 20% by (d)

the payment

overpayment

the due date

365

(a)

(b)

(c)

(d)

(e)

Total: Add Column (e) and transfer to Part III, line 43, Column (b) ........................................................................................

TABLE 3 - Payments to Meet the Third Installment Made After its Due Date ( __________ )

Amount due and not paid before

Amount of payment or

Date of payment or

Days elapsed from

Multiply (a) by 20% by (d)

the due date

the payment

overpayment

365

(c)

(d)

(a)

(b)

(e)

Total: Add Column (e) and transfer to Part III, line 43, Column (c) .........................................................................................

TABLE 4 - Payments to Meet the Fourth Installment Made After its Due Date ( __________ )

Amount of payment or

Date of payment or

Days elapsed from

Amount due and not paid before

Multiply (a) by 20% by (d)

overpayment

the due date

the payment

365

(a)

(b)

(c)

(d)

(e)

Total: Add Column (e) and transfer to Part III, line 43, Column (d) .........................................................................................

Conservation Period: Ten (10) years