P.R. Laws tit. 13, § 30245
(a) General rule. — Except as provided below, every tax-exempt organization under §§ 30471 et seq. of this title shall file an annual return which shall contain or be authenticated through a written statement attesting that the return is filed under penalty of perjury or through electronic signature in those cases in which returns are filed electronically, stating specifically the items of its gross income and the incomes and expenditures and any such other information necessary to comply with the provisions of this part, and shall keep such proofs, and file sworn financial statements, and file such returns, and comply with the rules and regulations the Secretary may from time to time prescribe.
(b) Exceptions. — It shall not be necessary to file a return described in subsection (a) in the case of any tax-exempt organization under § 30471 of this title that is:
(1) An exempt religious organization under § 30471(a) of this title; or
(2) an exempt organization under § 30471 of this title, if said organization is a corporation wholly owned by the Government of Puerto Rico or by any agency or instrumentality thereof, or by a subsidiary wholly owned by said corporation, or
(3) an exempt trust as provided in §§ 30391—30396 of this title.
(c) Time and place to file returns of nonprofit entities. — Nonprofit entity returns shall be filed as provided in § 30256 of this title.
History —Jan. 31, 2011, No. 1, § 1061.05, retroactive to Jan. 1, 2011.