2023 Laws of Puerto Rico › TITLE TWENTY-ONE - Municipalities (§§ 1-4 — 6756) › Subtitle 7 - Municipal Property Tax (§§ 5001 — 6756) › PART I (§§ 5001 — 5252) › Chapter 249 - System of Self-Determination as to the Personal Property Tax (§§ 5201 — 5240) › § 5205 - Date for filing the tax return and for payment of taxes; excess payments; ex officio tax return

(a) Date for filing the tax return or the extension thereof and for payment of taxes.— The personal property tax return or the extension thereof for the years ending on or before December 31st, 2013, shall be filed with the Collection Center along with the full payment on or before May 15th of each year. For years beginning after December 31st, 2013, the personal property tax return or the extension thereof shall be filed with the Collection Center along with the payment of any deficiency that has not been paid through the estimated tax payments required under subsection (f) of this section.
In the case of the taxes corresponding to years ending on or before December 31st, 2013, when the full payment of the self-determined tax is received, taxpayers shall be entitled to a five percent (5%)-discount on the self-determined tax. In the case of the taxes corresponding to years beginning after December 31st, 2013, taxpayers shall be entitled to a five percent (5%)-discount on the self-determined tax when they meet the requirement to pay the estimated tax for the current year as established in subsection (f).
(b) Automatic extension.— Taxpayers shall be granted an automatic extension for filing the tax returns provided they comply with the rules and regulations prescribed by the Collection Center for granting said extension. In the case of taxpayers other than corporations, the automatic extension shall be granted for a period of thirty (30) days from the date prescribed by law for filing the tax return. Corporations shall be entitled to an automatic extension of ninety (90) days from the date prescribed by law for filing.
(c) Additional extension.— In the case of taxpayers other than corporations, the Governing Board of the Collection Center may grant a reasonable extension under the rules and regulations prescribed by it, for filing the return in addition to the automatic extension. This additional extension shall not exceed sixty (60) days, except in the case of individuals who are outside the country, in which case the additional extension shall not exceed one hundred and fifty (150) days.
(d) Excess payments.— In those cases in which the taxpayer makes a payment in excess of the tax levied by this chapter, the Collection Center is authorized to credit the amount of such a payment against the pending real property tax. Should the taxpayer not owe any real property tax, the Collection Center may reimburse the remainder or credit it against the tax payable the following year, at the taxpayer’s option.
(e) Ex officio tax return.— If any person bound to file a personal property tax return fails to file the same on the date prescribed by this part, the Collection Center shall prepare the return form on the basis of the information it can obtain through an investigation. Any return thus made and signed by the Collection Center or by any official or employee on whom it delegates shall be prima facie correct and sufficient for all legal purposes.
History —Aug. 30, 1991, No. 83, § 6.05; Sept. 5, 2014, No. 150, § 1.