(a) Any person, in whatever capacity acting, that credits or makes payments of payments of five hundred dollars ($500) or more for interest, rents dividends, or pensions, annuities or any other item of income subject to alternate base tax shall be required to report such payments to the Secretary and the individual, in such forms and in such manner as prescribed by the Secretary through regulations, circular letter or any other general administrative determination or communication. History —Jan. 31, 2011, No. 1, added as § 1063.12 on Dec. 10, 2011, No. 232, § 81.
Puerto Rico Legal Code