reglab/statecodes huggingface dataset:
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter III - Taxes and Obligations (§§ 2271o — 2272m) › § 2272e - Credits—Tax paid in excess

(a) Every taxpayer who believes he/she has wrongly paid or been charged a debt or deficiency with respect to the tax, shall be able to request in writing to the Company that the payment paid in excess be credited to the future amounts to be paid with respect to the tax. In relation to any payment in excess of that owed, the Company shall certify the excess to the taxpayer as a credit for the following month’s payment.
(b) The taxpayer shall request such credit within the term and in accordance with the procedures established by the Company through regulation approved to such effect.
(c) The Company may, on its own initiative, determine that the taxpayer has made an excess payment with respect to the tax, and concede them a credit of any amount that in its judgment was paid wrongly or in excess of the amount owed. In relation to any payment in excess to that owed, the Company shall certify the excess to the taxpayer as a credit for the next month’s payment.
(d) When the Company approves an application for credit, or when the Company itself determines that the taxpayer has made a payment in excess of that owed, it shall investigate if the taxpayer has any enforceable debt or deficiency pursuant to this chapter, in which case the Company shall credit to such debt the amount that, as a credit, would have corresponded to the taxpayer with respect to payments in excess of that owed.
(e) If a claim for credit filed by a taxpayer were denied in whole or in part by the Company, the Company shall notify the taxpayer of its decision by certified mail with return receipt requested. The taxpayer may appeal such denial following the adjudicative procedure that may be approved by the Company.
(f) When the Company adjudicates or grants credits that do not correspond, the Company may reconsider the case and reinstate the tax rejecting the credit and notifying the taxpayer of a debt or deficiency in the form and pursuant to the procedure established in § 2271w of this title.
(g) The Company may adopt those regulations it deems necessary and convenient to comply with the procedures provided in this section.
History —Sept. 9, 2003, No. 272, § 41, eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter III - Taxes and Obligations (§§ 2271o — 2272m) › § 2272f - Credits—Statute of limitations

A taxpayer shall not have the right to apply nor obtain a credit unless the taxpayer files an application for credit with the Company within the term of four (4) years from the date on which the taxpayer presents a declaration along with the corresponding payment or within the term of three (3) years from the date on which the tax was paid, if a declaration was not filed. In case the taxpayer presents a declaration prior to making the corresponding payment, said term of three (3) years shall begin on the date on which the payment was made.
History —Sept. 9, 2003, No. 272, § 42, eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter III - Taxes and Obligations (§§ 2271o — 2272m) › § 2272g - Credits—Determination of excess

If an examining official or a court with jurisdiction were to determine that no debt or deficiency existed in the payment made by the taxpayer; that a taxpayer has made a payment in excess of the tax corresponding to the taxable year in which the Company determined the deficiency and/or that a deficiency exists but the taxpayer made a payment in excess of the tax corresponding to the taxable year, the examining official or the court shall have the power to determine the sum of the excess payment, which should be credited to the taxpayer when the court’s decision becomes final and firm. The credit will be denied unless the examining official or the court with jurisdiction expressly determines in their decision that the taxpayer filed an application for credit before the Puerto Rico Tourism Company:
(1) Within the term of four (4) years from the date in which the taxpayer presented a declaration along with the corresponding payment, or
(2) within the term of three (3) years from the date in which the tax was paid, if a declaration was not filed;
(3) in case the taxpayer presents a declaration prior to making a corresponding payment, said term of three (3) years shall begin on the date on which payment was made.
History —Sept. 9, 2003, No. 272, § 43, eff. 180 days after Sept. 9 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter III - Taxes and Obligations (§§ 2271o — 2272m) › § 2272h - Credits—Statute of limitations for requesting credits

Any taxpayer interested in receiving a credit for a tax paid under any room occupancy rate exemption authorized by the provisions of this chapter, shall submit a petition of credit supplemented by the appropriate documents within one hundred eighty (180) days following the date the taxpayer paid the tax.
History —Sept. 9, 2003, No. 272, § 44; eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter III - Taxes and Obligations (§§ 2271o — 2272m) › § 2272i - Penalties—Generally

Any person obligated under this chapter to retain and pay the tax, submit a declaration, preserve any evidence or document, or supply any information for purpose of calculation, assessment or collection of any tax, and voluntarily or involuntarily fails to comply with said obligation shall be subject to the penalties, charges, or fines as indicated in §§ 2272j—2272m of this title.
History —Sept. 9, 2003, No. 272, § 45, eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter III - Taxes and Obligations (§§ 2271o — 2272m) › § 2272j - Penalties—Additional charges

(a) Interest. — When the taxpayer does not pay the tax levied by this chapter, on or before the due date for payment, the Company as part of the tax, shall collect an interest on the unpaid amount, at a ten percent (10%) annual rate, from the due date of the payment until the date of the final payment.
(b) Charges. — In every case where the imposition of interest applies pursuant to the preceding subsection (a), the Company may additionally collect the following charges:
(1) For a payment delay of thirty (30) days or less, the taxpayer may be imposed a charge equivalent to five percent (5%) of the principal.
(2) For a payment delay in excess of thirty (30) days, the taxpayer may be lev[ied] a charge equivalent to ten percent (10%) of the principal in addition to the allowed five percent (5%) of clause (1) of this subsection.
History —Sept. 9, 2003, No. 272, § 46, eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter III - Taxes and Obligations (§§ 2271o — 2272m) › § 2272k - Penalties—Failure to submit the declaration

If any person fails to submit the declaration required by this chapter during the prescribed term, an additional fine in the amount of five hundred (500) dollars, for each infraction may be imposed on the taxpayer, which shall be paid as part of the tax, in addition to any other penalties, charges or interests that are levied pursuant to this chapter. It shall be understood that every day the infraction endures shall be considered a separate violation up to a maximum of twenty-five thousand (25,000) dollars.
History —Sept. 9, 2003, No. 272, § 47, eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter III - Taxes and Obligations (§§ 2271o — 2272m) › § 2272l - Penalties—False documents

Any taxpayer who submits to the Company documents, which are not authentic or where the amounts represented are incorrect or false in relation with the received room occupancy rate, may be subject to an administrative fine in the amount of five hundred (500) dollars for each infraction, in addition to the tax and applicable charges and interest. Also, the Company may suspend or revoke the promotional and tax benefits granted by the Company. It shall be understood that every day the infraction endures shall be considered a separate violation up to a maximum of twenty-five thousand (25,000) dollars.
In any situation where a taxpayer demonstrates contempt in the performance or continuing performance of acts for which an administrative tine was imposed or contempt in the noncompliance with any order or resolution issued by the Company, at its discretion, may levy an administrative fine up to a maximum of one thousand (1,000) dollars for each infraction. Also, the Company may suspend or revoke the promotional and tax benefits granted by the Company. It shall be understood that every day that the infraction endures shall be considered a separate violation up to a maximum of fifty thousand (50,000) dollars.
History —Sept. 9, 2003, No. 272, § 48, eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter III - Taxes and Obligations (§§ 2271o — 2272m) › § 2272m - Penalties—Suspension and revocation of benefits

(a) When a taxpayer does not comply with its obligation to pay the tax, any debt, deficiency or any interest, fine, charge or penalty levied by the Company, during three (3) or more times (not necessarily consecutive) during the same fiscal year, the Company may suspend and/or revoke the taxpayer’s benefits granted under §§ 6001—6038 of Title 23. It may also suspend or revoke any other tax and/or promotional benefit granted by the Company.
(b) Those taxpayers to whom subsection (a) is applicable shall be granted and guaranteed due process pursuant to the provisions of this chapter.
(c) Once the debt has been satisfied, the taxpayer to whom the tax benefits were revoked may initiate the process indicated in §§ 6001—6038 of Title 23, to request and enjoy tax benefits. The request will be processed pursuant to the procedures established by §§ 6001—6038 of Title 23, for the processing of new petitions. The Company shall have full discretion in the evaluation of said petition.
(d) When the tax benefits have been suspended for lack of payment of the tax, the ten (10) year term renewable for an additional ten (10) year term provided by §§ 6001—6038 of Title 23, shall be understood to continue during the suspension term. The Company shall establish by regulation approved to such effect, the provisions that regulate the revocation or suspension of the tax benefits.
History —Sept. 9, 2003, No. 272, § 49, eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter IV - Final Provisions (§§ 2272n — 2272v) › § 2272n - Penalties typified as crime

In relation with any activity in the exercise of this chapter that involves any activity typified by the Commonwealth of Puerto Rico Penal Code including, without limitation, crimes against public service, public revenue and public faith, it shall be the Company’s responsibility to refer said activity to the Secretary of the Department of Justice so he/she may conduct, in the name of the Commonwealth of Puerto Rico, the criminal proceedings that may be necessary to punish the committed acts.
History —Sept. 9, 2003, No. 272, § 50, eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter IV - Final Provisions (§§ 2272n — 2272v) › § 2272o - Payment commitment

(a) The Director is empowered to formalize with the taxpayer a written payment agreement whereby the he/she can commit to waive any tax due including, without limitation, civil or criminal penalties, interests, fines, or charges applicable to a specific situation pursuant to any tax prior to its referral to the Department of Justice for the formulation of charges.
(1) General requirements. — Any payment commitment pursuant to the provisions of this section shall be authorized by the Director, or his/her authorized representative, who shall justify the reasons for the concession of the payment commitment and shall provide the following information:
(A) Amount of tax due;
(B) amount of interest, charges, fines, or additional penalties pursuant to the tax due;
(C) amount to be actually paid, pursuant to terms of the payment commitment;
(D) financial analysis of the taxpayer’s situation that demonstrates that the taxpayer has the payment capacity with respect to the present payment that shall be paid pursuant to the payment commitment, and
(E) any other document or evidence that shall be required by the Director, pursuant to any rule or regulation approved by him/her.
(2) In the absence of resources. — If the taxpayer does not posses[s] and/or presents sufficient resources for the payment of the tax and the applicable fines, charges, interests or penalties, the Director, or his/her authorized representative, shall evaluate and determine if the payment commitment is an appropriate method for the debt or deficiency collection, in the absence of resources to guarantee its collection.
History —Sept. 9, 2003, No. 272, § 51, eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter IV - Final Provisions (§§ 2272n — 2272v) › § 2272p - Confidentiality

(a) The declaration submitted pursuant to the provisions of this chapter is a public document. Notwithstanding, and except as provided in this section, it may only be inspected by a third party pursuant to the rules and regulations adopted by the Company. The Company may require that, as a minimum inspection requirement, the petitioner be an interested party.
(b) No Company official or employee shall divulge or provide under any circumstance, except as stated in this chapter, the information provided by the declaration, books, records, or other documents submitted by the taxpayer, nor shall it permit the examination or inspection of them by a person that is not legally authorized.
History —Sept. 9, 2003, No. 272, § 52, eff. 180 day after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter IV - Final Provisions (§§ 2272n — 2272v) › § 2272q - Requirement to preserve and provide documents

(a) The Company shall establish, by means of regulation, the norms for the conservation by the hotelier of reports, dockets, records, declarations, statistics or any other document, related to the tax.
(b) Any report, docket, record, declaration, statistic or any other document related to the tax fixed pursuant to this chapter or to the room occupancy rate shall be preserved by the hotelier for a term not less than ten (10) years beginning from the date of the tax assessment.
(c) When such documents are being reviewed, audited, intervened with or examined by the Company at the time the ten (10) year period expires, the taxpayer shall assure its preservation for the additional time necessary for the Company to finalize the review, audit, examination or intervention.
History —Sept. 9, 2003, No. 272, § 53, eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter IV - Final Provisions (§§ 2272n — 2272v) › § 2272r - Tax collection

Within a term that shall not exceed the date of performance of the transfer provided in this chapter, the Secretary of the Treasury shall review the registries at the Department of the Treasury, with regard to the lodgings subject to the tax, and shall apply or credit the deposits pending registration. Similarly, the Secretary of the Treasury shall adjust said registries in relation to any error detected during the process or transaction related to the tax collection that has not been accounted for. Once this has been accomplished, the Secretary of the Treasury shall transfer to the Company the lodging registry related to the tax, the registry of all account receivables and the complete files of all pending transactions, which, once they are processed, could change the accounts receivable. The Company shall carry out all acts necessary to conclude the collection process of the transactions pending payment.
History —Sept. 9, 2003, No. 272, § 54, eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter IV - Final Provisions (§§ 2272n — 2272v) › § 2272s - Administrative determinations

The administrative determinations issued by the Secretary of the Treasury prior to the effectiveness of this act related to the tax shall not be applicable to future tax events that occur after this act’s effective date. Notwithstanding the above, the administrative determinations issued by the Secretary of the Treasury prior to this act’s effective date, and in relation with tax events that occurred prior to this act’s effective date, shall be final and firm even for periods, if any, after this new act becomes effective.
History —Sept. 9, 2003, No. 272, § 57, eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter IV - Final Provisions (§§ 2272n — 2272v) › § 2272t - Final agreements

The final agreements entered into by and between a taxpayer and the Secretary of the Treasury prior to the effectiveness of this act, and under the provisions of the Internal Revenue Code, shall not apply to future tax events occurring after this act’s effective date. Notwithstanding the above, the final agreements entered into by the Secretary of the Treasury prior to the effective date of this act, and with regard to taxable events that occurred prior to this act’s effective date, shall be final and binding, even if they cover periods, if any, after this new act becomes effective.
History —Sept. 9, 2003, No. 272, § 58, eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter IV - Final Provisions (§§ 2272n — 2272v) › § 2272u - Interpretations of law

(a) The Company may issue administrative determinations to clarify and interpret provisions of this chapter and the regulations approved pursuant thereto, in accordance with its purposes and objectives established herein and with the public policy of the Commonwealth of Puerto Rico.
(b) No provision in this chapter shall be interpreted as a restriction or limitation to the general or inherent powers of the Company.
History —Sept. 9, 2003, No. 272, § 60, eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 8 - Additional Income and Internal Revenue Tax Provisions (§§ 1881 — 2272v) › PART II - Additional Taxes (§§ 2021 — 2272v) › Chapter 216 - Room Occupancy Rate Tax Act (§§ 2271 — 2272v) › Subchapter IV - Final Provisions (§§ 2272n — 2272v) › § 2272v - Personnel

The Company, its officials, and employees shall be attentive to the compliance of the provisions of this chapter.
History —Sept. 9, 2003, No. 272, § 61, eff. 180 days after Sept. 9, 2003.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 14 - Internal Revenue Code, 1994 (§§ 8001 — 9601-9750) › PART A - Tax Reform of 1994 (§§ 8001 — 8005) › Chapter 801 - Tax Reform Enabling Act (§§ 8001 — 8005) › § 8001 - Title

Sections 8001 to 8005 of this title shall be known as the “Tax Reform Enabling Act of 1994”.
History —Sept. 26, 1994, No. 109, § 1.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 14 - Internal Revenue Code, 1994 (§§ 8001 — 9601-9750) › PART A - Tax Reform of 1994 (§§ 8001 — 8005) › Chapter 801 - Tax Reform Enabling Act (§§ 8001 — 8005) › § 8002 - Policy

There is the conviction and the evidence that shows that the tax system of Puerto Rico is not fair, in relative as well as in absolute terms, which motivates a considerable number of taxpayers to evade sharing the responsibility of financing the State’s operations. Moreover, the system is a complex one because of the multiple incentives and deductions that erode the tax base and propitiate tax evasion, among other things. The system has also lost its tax-collection capacity, making it more expensive each time and requiring extraordinary efforts to maintain the collection levels to carry out the Government’s work. For this reason, the Government of Puerto Rico shall implement a fair, equitable and relatively simple tax system, which at the same time is efficient in the collection of revenues to defray the cost of its operations and services, which goals are pursued through the proposed tax reform.
History —Sept. 26, 1994, No. 109, § 2.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 14 - Internal Revenue Code, 1994 (§§ 8001 — 9601-9750) › PART A - Tax Reform of 1994 (§§ 8001 — 8005) › Chapter 801 - Tax Reform Enabling Act (§§ 8001 — 8005) › § 8003 - Goals

The legislation that restructures the tax system shall be based on the relative and interrelated compliance of the following objectives:
(a) Each person or economic entity shall contribute to the State Treasury according to his/her/its capacity to pay taxes, which implies that individuals in like circumstances shall pay the same, but persons in different circumstances shall be subject to different obligations.
(b) Taxes are of general application. The concession of special fiscal treatment shall be limited to cases strictly related to compliance [with] the objectives of this chapter.
(c) The tax structure shall be simple so that each person may determine his/her tax obligation without greater difficulty, and because this may vary according to the change in the individual’s behavior or economic condition.
(d) The tax system shall generate the least distortion possible of the economic and social system, which implies minimizing excessive tax burdens in some sectors and redistributing them among all the other persons and economic entities.
(e) The fiscal structure shall provide the necessary resources for the administration of the State’s programs and shall be harmonious with its economic development incentives.
(f) The tax administration shall be effective in the control of tax evasion without imposing excessive compliance costs.
(g) The tax reform shall be harmonious with the economic development policy established by the Government of Puerto Rico, which is based on the acquisition of fiscal resources in ways that encourage productive as well as entrepreneurial activity and the efficient use of fiscal resources, as well as promoting balanced economic priorities.
(h) The tax reform shall encourage saving.
(i) The tax reform shall encourage traditionally ignored sectors to become part of the production process.
(j) The tax reform shall encourage the creation of investment instruments within the reach of moderate income taxpayers.
History —Sept. 26, 1994, No. 109, § 3.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 14 - Internal Revenue Code, 1994 (§§ 8001 — 9601-9750) › PART A - Tax Reform of 1994 (§§ 8001 — 8005) › Chapter 801 - Tax Reform Enabling Act (§§ 8001 — 8005) › § 8004 - Implementation

(a) The tax system shall be developed as an integrated unit and not as a group of separate and independent provisions.
(b) A taxpayer’s bill of rights shall be promulgated, which shall define their rights and guarantee fair administration of the tax activity.
(c) To expand the tax base by incorporating persons or entities that currently do not participate in the responsibility of financing public programs and services and function in the framework of the underground economy.
(d) To reduce income tax rates.
(e) To reduce the tax on small business income combined with the elimination of double taxation.
(f) To recognize and encourage work.
(g) To develop an internal revenue code that integrates the tax legislation, simplifying and harmonizing the administrative and penal provisions.
(h) To develop a severe, agile and simple penalty system that encourages voluntary compliance of the tax payments and dissuades its evasion.
(i) To bar the tax amnesty mechanism for the financing of public administration.
History —Sept. 26, 1994, No. 109, § 4.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 14 - Internal Revenue Code, 1994 (§§ 8001 — 9601-9750) › PART A - Tax Reform of 1994 (§§ 8001 — 8005) › Chapter 801 - Tax Reform Enabling Act (§§ 8001 — 8005) › § 8005 - Bill

The Governor shall present a bill to the Legislature for its consideration that contemplates a tax reform pursuant to the purposes and principles stated in this chapter, and with the constitutional provisions applicable to this kind of legislation.
History —Sept. 26, 1994, No. 109, § 5.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 (§§ 10001 — 10011) › § 10009 - Appeals

Any grantee adversely affected or aggrieved by any action taken by the Governor of Puerto Rico revoking and/or cancelling a tax exemption grant under the foregoing §§ 10005(d)(2) and 10008 of this title, shall be entitled to judicial review thereof by filing an appeal with the Court of First Instance of Puerto Rico, San Juan, within thirty (30) days after final decision or adjudication by the Governor.
Pending judicial review the Governor is authorized, where he finds that justice so requires, to postpone the effective date of any action taken by him upon such conditions as may be required and to the extent necessary to prevent irreparable injury. Where such postponement is applied for and denied, the reviewing court (including the Supreme Court of Puerto Rico upon application for certiorari as hereinafter provided) may issue all necessary and appropriate process to postpone the effective date of any action taken by the Governor or to preserve status or rights of the parties pending conclusion of the review proceedings, after bond is given in favor of and acceptable to the Secretary of the Treasury of Puerto Rico and before him, in the amount of the taxes theretofore exempted and unpaid, plus interest and penalties, and interest computed for a period of one year at the rate of six percent (6%) per annum.
Any decision or judgment rendered by the Court of First Instance of Puerto Rico shall be subject to review by the Supreme Court of Puerto Rico upon application by any of the parties for a writ of certiorari in the manner provided by law.
History —Dec. 15, 1953, No. 6, p. 12, § 9, eff. Jan. 1, 1954.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 (§§ 10001 — 10011) › § 10010 - Limited effectiveness of Industrial Tax Exemption Act of Puerto Rico

The tax exemptions granted and the petitions for tax exemptions filed with the Industrial Tax Exemption Office not later than the date of effectiveness of this act of this title shall continue to be subject to and to be processed in accordance with the provisions of Act 184 of May 13, 1948, subsequently amended.
History —Dec. 15, 1953, No. 6, p. 12, § 10, eff. Jan. 1, 1954.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 901 - Puerto Rico Industrial Incentive Act of 1954 (§§ 10001 — 10011) › § 10011 - Effective date; termination

Sections 10001—10011 of this title shall be effective as of January 1, 1954. Applications for tax exemption under §§ 10001—10011 of this title will be received by the Industrial Tax Exemption Office herein provided until midnight of December 31, 1963; after such date and hour no further applications for tax exemption under §§ 10001—10011 of this title will be admitted for consideration.
History —Dec. 15, 1953, No. 6, p. 12, § 13, eff. Jan. 1, 1954.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10018 - Eligibility of previously exempted business

No business which has enjoyed or is enjoying tax exemption under Act No. 184 of May 13, 1948, as amended, or under §§ 10001—10011 of this title, shall be entitled or shall otherwise be eligible for tax exemption under this chapter except that:
(a) If such business applied for exemption under §§ 10001—10011 of this title, on or after January 1, 1963, it may elect to be exempt under this subtitle, but in computing the length of the exemptions provided by this chapter, there shall be subtracted the period for which the enterprise enjoyed exemption under §§ 10001—10011 of this title, from the date of the commencement of its operations.
All businesses exempted under §§ 10001—10011 of this title, which convert their exemption under this chapter, may avail themselves of the provisions of subsection (l) of § 10012 of this title as to the commencement of the exemption period, even though the notices required by said subsection be made subsequent to the dates therein required, and in such cases the date of commencing operations shall be the one resulting under said subsection (l) of § 10012 of this title. Provided, however, That the Governor shall refuse any petition for conversion of tax exemption as herein provided in all cases in which he finds that a determination of eligibility is not justified in a new application for tax exemption for the same product, filed under the provisions of § 10013(d)(1) of this title.
(b) Any business exempted under Act 184 of May 13, 1948, as amended, §§ 10001—10011 of this title, or this chapter shall be entitled to the benefits provided by this chapter with respect to an eligible business which produces or proposes to produce a manufactured product separate and distinct from the one being produced by such exempted business, provided a separate plant is established with all the machinery and equipment required for an efficient operation but additional to the one used in any other operation that has enjoyed or is enjoying tax exemption and with a separate and independent accounting system therefor. Whether or not such separate plant has been established shall be determined in the grant of tax exemption. However, this rule shall not be interpreted to prevent the utilization by an exempted business of property or other facilities of or used by another business previously exempted when the value of such property or facilities as determined by the Department of the Treasury of Puerto Rico does not represent, in the judgment of the Governor, a substantial part of one of the businesses in question.
History —June 13, 1963, No. 57, p. 86, § 7.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10020 - Use of previously exempt physical facilities of predecessor exempted business

The applicant for tax exemption or for exempted business, may use in the industrial unit or hotel established or to be established, physical facilities including but without limitation, land, buildings, machinery, equipment, inventory, supplies, trademarks, licenses, marketing outlets, having a value of ten thousand dollars ($10,000) or more, which have been previously used by the predecessor exempted business; provided, the Governor determines that the use of the physical facilities previously utilized will be in the best interest of the Commonwealth of Puerto Rico, in view of the nature of said physical facilities, the investment, the number of employees involved, the amount of the payroll, the location of the project or other factors that in his judgment warrant such use. This provision shall also apply in the case where an applicant for tax exemption or an exempted business acquires an industrial unit from a predecessor exempted business which is or was in operation. Provided, That said acquisition of physical facilities or industrial unit may be done through a direct purchase of said physical facilities or industrial unit, or through a purchase of the stocks or other proprietary interest of the corporation or partnership owner of same.
History —June 13, 1963, No. 57, p. 86, added as § 8A on June 5, 1973, No. 106, p. 446, § 2; June 30, 1975, No. 104, p. 316, § 2.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10021 - Appeals

Any grantee adversely affected or aggrieved by any action taken by the Governor of Puerto Rico revoking and/or cancelling a tax exemption grant under §§ 10016(d)(2) and 10019 of this title, shall be entitled to judicial review thereof by filing an appeal with the Court of First Instance of Puerto Rico, San Juan Section, within thirty (30) days after final decision or adjudication by the Governor.
Pending judicial review the Governor is authorized, where he finds that justice so requires, to postpone the effective date of any action taken by him upon such conditions as may be required and to the extent necessary to prevent irreparable injury. Where such postponement is applied for and denied, the reviewing court (including the Supreme Court of Puerto Rico upon application for certiorari as hereinafter provided) may issue all necessary and appropriate process to postpone the effective date of any action taken by the Governor or to preserve the status or rights of the parties pending conclusion of the review proceedings, after bond is given in favor of and acceptable to the Secretary of the Treasury of Puerto Rico and before him, in the amount of the taxes theretofore exempted and unpaid plus interest and penalties, and interest computed for a period of one year at the rate of six (6%) per annum.
Any decision or judgment rendered by the Court of First Instance of Puerto Rico shall be subject to review by the Supreme Court of Puerto Rico upon application by any of the parties for a writ of certiorari in the manner provided by law.
History —June 13, 1963, No. 57, p. 86, § 9.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10022 - Applications for exemption, and exemptions granted

No applications for tax exemption under §§ 10001—10011 of this title, shall be received after the effective date of this act. Applications for tax exemption filed before or after January 1, 1963, under §§ 10001—10011 of this title, which have not been granted before the effective date of this act, may be processed, at the option of the applicant, under this chapter. Provided, That such applications for tax exemption as were filed before January 1, 1963, under §§ 10001—10011 of this title, and granted pursuant to said §§ 10001—10011 of this title, after the effective date of this act, without the applicant having been given the opportunity to choose that his application be processed under this chapter, may be converted to this chapter under the provisions of § 10018(a) of this title. Applications for tax exemption filed before January 1, 1963, and granted before or after January 1, 1963, but prior to the effective date of this act, may be converted to this chapter under the provisions of § 10018(a) of this title, at the option of the exempted business, if the date of the commencement of operations of the exempted business, as may be determined under §§ 10001—10011 of this title is on or subsequent to January 1, 1963. Those applications for tax exemption filed on or after January 1, 1963, under §§ 10001—10011 of this title, and which have been granted under said §§ 10001—10011 of this title, before the taking effect of this act, may be converted to this chapter under the provisions of § 10018(a) of this title.
History —June 13, 1963, No. 57, p. 86, § 10; June 26, 1964, No. 99, p. 313, § 4.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 902 - Puerto Rico Industrial Incentive Act of 1963 (§§ 10012 — 10023) › § 10023 - Effective date; termination

This chapter shall be effective immediately after its approval. Application for tax exemption under this chapter will be received by the Industrial Tax Exemption Office herein provided until midnight of June 30, 1983; after such date and hour no further application for tax exemption under this chapter will be admitted for consideration.
History —June 13, 1963, No. 57, p. 86, § 13; June 30, 1971, No. 123, p. 372.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10024 - Short title

This chapter shall be known as the “Puerto Rico Industrial Incentive Act of 1978”.
History —June 2, 1978, No. 26, p. 55, § 1.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10034 - Reports and obligations

(a) The exempted business shall be under the obligation to:
(1) Present to the Secretary of the Treasury, pursuant to the provisions of § 447 of this title, a complete list and a correct valuation of all real and personal property declared tax exempt under the provisions of this subtitle, and which said person possesses in his own right or has in his possession on the first of January of each year;
(2) file annually with the Secretary of the Treasury, pursuant to the Income Tax Act in force, an income tax return in relation to his operations;
(3) keep in Puerto Rico, the accounting records relative to the exempted business separately;
(4) keep such records, make such sworn statements, present such statements, and comply with such rules and regulations as the Governor may prescribe for the enforcement or fulfillment of the purposes of this chapter and as the Secretary of the Treasury may prescribe in connection with the levying and collection of all kinds of taxes, and
(5) file duly-completed reports and surveys for the preparation of economic studies and statistics that from time to time may be requested by the Economic Development Administrator in the performance of his duties.
History —June 2, 1978, No. 26, p. 55, § 11.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10035 - Administrative decisions shall be final

(a) All decisions and findings of the Governor of Puerto Rico under this chapter shall be final and no judicial or administrative appeal or other proceeding shall lie against the same, unless otherwise specifically provided.
(b) Any recipient adversely affected or aggrieved by any action taken by the Governor to revoke and/or cancel a tax exemption concession under § 10032 of this title shall be entitled to judicial review thereof by filing an appeal with the Court of First Instance of Puerto Rico, San Juan, within thirty (30) days after the decision or final adjudication by the Governor. Pending judicial review, the Governor is authorized, when in his judgment he finds that justice so requires it, to postpone the effective date of any action taken by him, under such conditions as may be required and to the extent necessary to prevent irreparable damage. When such postponement is applied for and denied, the reviewing court, including the Supreme Court of Puerto Rico, upon application for certiorari as hereinafter provided, may decree any necessary and appropriate process to postpone the effective date of any action taken by the Governor, or to preserve the status or rights of the parties, until the termination of the review proceedings, after bond is given in favor of and acceptable to the Secretary of the Treasury and before him, in the amount of the taxes theretofore exempted and unpaid, plus interest and penalties, and interest computed for a period of one year at the prevailing legal rate.
Any decision or judgment rendered by the Court of First Instance of Puerto Rico shall be subject to review by the Supreme Court of Puerto Rico upon application by any of the parties for a writ of certiorari in the manner provided by law.
History —June 2, 1978, No. 26, p. 55, § 12.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10036 - Applications for exemption under Industrial Incentive Act of 1963

No applications for tax exemption under §§ 10012—10023 of this title shall be received after the effective date of this act. Applications filed under said sections which have not been granted before the effective date of this act may be processed under this chapter at the option of the applicant.
History —June 2, 1978, No. 26, p. 55, § 13.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 903 - Industrial Incentive Act of 1978 (§§ 10024 — 10037) › § 10037 - Effective date; termination

This act shall be effective immediately after its approval. Applications for tax exemption under this chapter will be received by the Industrial Tax Exemption Office established hereunder until June 30, 1988; after said date no new tax exemption applications will be admitted for consideration under this chapter. Provided, That the taxes provided for by this chapter shall be effective during the term for which the tax exemption concessions issued under the same remain in effect.
History —June 2, 1978, No. 26, p. 55, § 15.
2023 Laws of Puerto Rico › TITLE THIRTEEN - Taxation and Finance (§§ 1 — 33423) › Subtitle 15 - Puerto Rico Industrial Incentives Generally (§§ 10001 — 10855) › PART I - Industrial Incentives (§§ 10001 — 10052) › Chapter 904 - Puerto Rico Tax Incentives Act of 1987 (§§ 10038 — 10052) › § 10038 - Short title

This chapter shall be known as the “Puerto Rico Tax Incentives Act”.
History —Jan. 24, 1987, No. 8, p. 949, § 1.