P.R. Laws tit. 13, § 33132
2019-02-20 00:00:00+00
Any taxpayer who knowingly submits false documents, or who does not keep the documents required for a period of five (5) years, or who furnishes any false or incorrect information for the purpose of fraudulently claiming a credit to which he/she is not entitled, shall be subject to the imposition of an administrative fine for double the amount of the credit unlawfully claimed, plus the corresponding interest and surcharges. The Secretary shall not, during a period of five (5) years, authorize this type of credit in favor of a taxpayer on whom such fine has been imposed.
History —Jan. 31, 2011, No. 1, § 6042.02, retroactive to Jan. 1, 2011.