P.R. Laws tit. 13, § 33151
(a) Any person shall be required to obtain such invoices or documents, to keep such records, or to transmit such documents and reports as may be provided by regulation, if:
(1) He/she is subject to payment of taxes levied under §§ 31601 et seq. of this title or is required to withhold such taxes.
(2) He/she introduces, buys, sells, transfers, uses, or manufactures any item in Puerto Rico.
(3) He/she operates a banking, financial, insurance, or credit-related business that involves money orders, policies, invoices, or other documents related to any item.
(4) He/she acts as a shipping agent, commission agent, broker, representative, commission merchant, or intermediary, or in any other capacity related to any item.
(5) He/she brings to Puerto Rico any items as maritime, air, ground, or other kind of carrier, on account of shippers or on account of any consignee who is a resident of Puerto Rico.
(b) Keeping documents.—
(1) Any document, report, register, invoice, record, declaration, or any other relating to articles on which a lien has been imposed under §§ 31601 et seq. of this title or with any business, trade, transaction, or activity for which fees are payable pursuant to said sections, shall be kept for a term of not less than five (5) years counted from the date such documents are prepared or obtained.
(2) When the documents described in clause (1) are being audited or examined by the Secretary at the time that such five (5)-year term has expired, the taxpayer shall ensure their safekeeping for any additional time as necessary to complete the examination or audit by the Secretary.
(3) The regulations to establish the norms regarding the keeping of registers, invoices, statements, records, and any other documents shall state the types of documents, records, and reports to be kept.
History —Jan. 31, 2011, No. 1, § 6042.21, retroactive to Jan. 1, 2011; Dec. 10, 2011, No. 232, § 169.