Information for the Informative Declaration of Insurance Premiums for Tax Year 2024
Section 1063.16 of the Puerto Rico Internal Revenue Code, as amended, establishes that the entity that receives payments for insurance premiums must file an Annual Informative Declaration (Form 480.7F) to its commercial clients.
In the case of non-commercial clients or direct insured of Triple-S Vida, Inc., Form 480.7F will only be issued to those who request it on or before February 25, 2025. For requests after that date, Triple-S Vida will have 45 days from the request to file it, in accordance with section 1063.16(a)(1) of the Internal Revenue Code.
In order to complete and send Form 480.7F to a direct (non-commercial) insured, you must request it by clicking on the button that says “Request Form 480.7,” where you will be asked for your social security number, date of birth, and email address. In order to issue your information by February 28, Triple-S Vida must receive your request on or before February 25, 2025.
Form 480.7F only applies to life and cancer insurance premiums. If you require information related to your contributions/withdrawals from IRAs and Annuities, you must contact customer service at 787-758-4888.