P.R. Laws tit. 13, § 30002

2019-02-20 00:00:00+00
§ 30002. Objectives

The legislation that restructures the tax system should be based on compliance with the following objectives:

(1) Relieve the current tax burden of individual income tax payers, taking as a basis for comparison the tax systems [and] the income and expense structure of the states and other countries.

(2) Propitiate that individuals and corporations contribute to the treasury according to their financial capabilities.

(3) Effective control over tax evasion, and compliance by increasing collections through the expansion of the tax base.

(4) Simplify the tax system and the tax payment procedures.

(5) Temper the tax obligations taking into consideration the financial situation of families below the poverty level established by the federal census.

(6) Establish a tax system that is easy to understand and manage, which expedites its compliance for the taxpayers.

(7) Provide resources for the administration of the programs and services offered by the State.

(8) Promote a self-sustaining economic development that stimulates the economic development of the country.

History —Sept. 15, 2004, No. 323, § 3.