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31718 — Puerto Rico Law | CourtGPT
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  3. Puerto Rico/
  4. Title Thirteen - Taxation and Finance (§§ 1 — 33423)/
  5. Subtitle 17 - Internal Revenue Code of 2011/
  6. Part IV - Excise Taxes/
  7. Chapter 1035 - Retail and Wholesale Licensing Fees for Certain Goods and Other Businesses or Activities § 31711 - License Fees for Wholesale or Retail Dealers of Certain Goods/
  8. 31718
Puerto Rico Legal Code

31718

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(a) The Secretary shall not grant any license whatsoever to a duty-free business or store at airports or sea ports unless it complies with the applicable requirements of § 31713 of this title.(b) The authorization to open and exploit this type of business shall be granted through public bidding. Once the authorization has been granted and the exemption recognized, the concessionaire shall operate the business subject to the regulations that the Puerto Rico Tourism Company adopts to such effects.(c) Noncompliance with any provision of this section or of the applicable regulations shall be sufficient cause to revoke or deny the renewal of the required license. History —Jan. 31, 2011, No. 1, § 3050.08, retroactive to Jan. 1, 2011.