P.R. Laws tit. 27, § 342
The Secretary of the Treasury is hereby directed and authorized to collect a two per cent (2%) tax or levy on the gross operating income from the rendering of telecommunications services by any long distance telecommunications company. All sums received by the Secretary of the Treasury by virtue of the provisions of this section shall be deposited by him/her in the general fund. Said tax shall be paid by all telecommunications companies within sixty (60) days after closing the accounts for each fiscal year, and under no circumstances shall the same be charged to persons who use their services.
When the tax is not paid on or before the date set therefor, in addition to the same, interest shall be paid on said amount at the rate of nine per cent (9%) annually as of the date fixed for the payment, and a surtax equal to five per cent (5%) of the amount of the tax when payment is made after thirty (30) days from the date on which the tax should have been paid and without exceeding sixty (60) days, and ten per cent (10%) of the amount of the tax when payment is made after sixty (60) days, from the date on which the tax should have been paid.
The Secretary of the Treasury is hereby empowered, pursuant to the procedure established in the Administrative Political Code of Puerto Rico for the collection of property taxes, to attach and sell at public auction the properties of any telecommunications company which has not paid the taxes, surtaxes and interest fixed by this chapter. Any amounts collected in excess, or improperly, must be reimbursed to the taxpayer or credited against any tax levied by this chapter or any other act, which payment is required from said taxpayer.
History —May 15, 1945, No. 301, p. 1146, § 2; June 17, 1966, No. 68, p. 213; June 15, 1972, No. 18, p. 398; Aug. 23, 1990, No. 64, p. 290, § 1; Aug. 9, 1993, No. 69, p. 302, § 1.