P.R. Laws tit. 13, § 8004
(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.