P.R. Laws tit. 13, § 2271r
(a) Every hotelier shall be obligated to collect, withhold, and remit to the Company the tax established by § 2271o of this title.
(b) Every hotelier shall pay a bond to guarantee timely payment of tax and other surcharges, interests, penalties, or administrative fines imposed on it as a result of violations of the provisions of this chapter and/or its regulations.
(c) The payment of the bond as a guarantee of payment, shall be in the amount and pursuant to the terms established by the Company through regulations approved to such effect. Such bond shall be paid at the Company by means of a cash deposit, letter of credit, or through a company duly authorized to do business to post bonds pursuant to the laws of the Commonwealth of Puerto Rico.
(d) The hotelier’s omission or noncompliance with the payment of the bond within the term required by the Company shall entail the imposition of administrative fines, surcharges, penalties, and the suspension or revocation of the promotional or tax benefits granted by the Company.
(e) The Company may withhold from lodgings that operate casinos, the proportion of the proceeds for slot machines that corresponds monthly to the concessionaire of a license to operate casinos under the “Games of Chance Act,” §§ 71 et seq. of Title 15, for the sole purpose of liquidating any debt that the concessionaire has accumulated and is pending payment, with respect to the tax.
History —Sept. 9, 2003, No. 272, § 27, eff. 180 days after Sept. 9, 2003.