Statutes, codes, and regulations
Laws of Puerto Rico
TITLE THIRTEEN Taxation and FinanceSubtitle 17 Internal Revenue Code of 2011PART VII. Administrative Provisions, Procedures, Interests, Penalties, and Additions to TaxesChapter 1064. Special Provisions
Subchapter F. Value-Added Tax
§ 33198. Penalties for violations of the provisions of the account statement and of the debit or credit memos of §§ 32201 et seq. of this title

P.R. Laws tit. 13, § 33198

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2019-02-20 00:00:00+00
§ 33198. Penalties for violations of the provisions of the account statement and of the debit or credit memos of §§ 32201 et seq. of this title

(a) Penalty for filing an incorrect account statement and debit and credit memos.— Any merchant who, in violation of the provisions of § 32222 of this title, unduly adjusts the account statement and debit and credit memos in relation to the value-added tax in accordance with said section, shall be subject to a penalty equal to twenty-five percent (25%) of the unduly adjusted amount.

(b) Penalty for failing to furnish an account statement and debit and credit notes.— Any merchant who fails to furnish to a merchant-buyer an account statement or a debit or credit memo in accordance with the provisions of § 32222 of this title, shall be penalized by a fine equal to one thousand dollars ($1,000) for every document that he/she fails to furnish. The Secretary may exempt from the penalty established herein, if it is shown that such omission or error is due to a reasonable cause.

History —Jan. 31, 2011, No. 1, added as § 6046.08 on Sept. 30, 2015, No. 159, § 33.