P.R. Laws tit. 21, § 5211
When it is shown to the satisfaction of the Collection Center that the payment of said deficiency on the date prescribed for it will be unduly onerous for the taxpayer, the Collection Center may grant an extension for the payment of the deficiency for a period that shall not exceed eighteen (18) months, and in exceptional cases, for an additional period that shall not exceed twelve (12) months. Should an extension be granted, the Collection Center may require the taxpayer to post a bond for that amount which is not greater than double the amount of the deficiency and with those sureties that the Collection Center deems necessary to assure payment of the deficiency according to the terms of the extension. Interest at ten percent (10%) shall be collected in every extension granted by this section. No extension whatsoever shall be granted if the deficiency is due to negligence, intentional contempt of the rules and regulations, or fraud with intent to avoid the tax.
History —Aug. 30, 1991, No. 83, § 6.11.