P.R. Laws tit. 13, § 355h
(a) If a taxpayer who is eligible for the Voluntary Disclosure Program for a taxable year under this chapter fails to apply for the Program and meet all the requirements of this chapter for said year, and the taxpayer fails to otherwise fulfill his/her tax liability as described in subsection (a) or (b) of § 355a of this title for a period during which the Voluntary Disclosure Program applies pursuant to the provisions of this chapter, then any interest imposed by the Secretary or the municipality (as the case may be) in connection with such responsibility which can be attributed to the failure to report or to having reported a lesser income or business volume, shall be two hundred percent (200%) of the amount that would have been otherwise imposed.
(b) If a taxpayer who is eligible for the Voluntary Disclosure Program for a taxable year under this chapter fails to apply or meet all the requirements of this chapter for said year, and the taxpayer fails to otherwise fulfill his/her tax liability as described in subsection (a) or (b) of § 355a of this title for a period during which the Voluntary Disclosure Program applies pursuant to the provisions of this chapter, then any penalty imposed by the Secretary or the municipality (as the case may be) in connection with such liability which can be attributed to the failure to report or to having reported a lesser income or business volume, shall be two hundred percent (200%) of the amount that would have been otherwise imposed.
History —Nov. 15, 2010, No. 172, § 9.