P.R. Laws tit. 13, § 2272c
(a) If the Company shall have conducted an assessment which reflects that a taxpayer has a deficiency or debt, the tax may be collected through a distraint procedure, provided that it is commenced: (1) within a period of ten (10) years following the date of the assessment; or (2) before the expiration of any period, in excess of the ten (10) year period agreed in writing by the Company and the taxpayers. The period agreed on in the manner described above may be extended by subsequent written agreements entered into before the expiration of the period previously agreed on.
(b) Notwithstanding the provisions of §§ 283—283p of Title 3, also known as the “Commonwealth of Puerto Rico Accounting Act”, the Company shall proceed to eliminate Taxpayers’ records and shall be prescribed [sic] from collecting the debts imposed by this chapter or prior acts when ten (10) years have passed since the date of the assessment or since the expiration of any period agreed on between the Company and the taxpayer. Provided, That any interruption of such period shall be taken into consideration, for purposes of the determination of the statute of limitations.
History —Sept. 9, 2003, No. 272, § 39, eff. 180 days after Sept. 9, 2003.