10854

Any resident individual investor who holds a decree issued under this chapter shall file annually an authenticated report with the Exemption Office and a copy thereof with the Secretary of the Treasury thirty (30) days after the filing of the income tax return with the Department of the Treasury including any extension thereof. The Executive Director of the Exemption Office may grant a thirty (30)-day extension if so requested in writing before the deadline to file the report, provided there is just cause therefor and it is so stated in the request. Said report shall include a relation of data showing compliance with the conditions under the decree for the taxable year immediately preceding the filing date, his name and the name of related business, the cadaster number of the property or properties connected to the incentivized activity; the merchant registration number; the related account as required in the Puerto Rico Internal Revenue Code; the employer identification number; and the information required by §§ 1141 et seq. of Title 23, better known as the 'Fiscal Information and Permit Control Act', as applicable, as well as any other information required by regulations,

and the information required by §§ 1141 et seq. of Title 23, better known as the 'Fiscal Information and Permit Control Act', as applicable, as well as any other information required by regulations, including the payment of annual fees. Fees shall be paid in the manner prescribed by the Secretary through regulations. The information provided in said annual report shall be used for statistical purposes and economic analyses. Likewise, the Exemption Office shall conduct an audit annually to ascertain compliance with the terms and conditions of the decree issued under this chapter. Notice This section has more than one version with varying effective dates. Second of two versions of this section. History Jan. 17, 2012, No. 22, § 1; Dec. 22, 2014, No. 241, § 3; Nov. 17, 2015, No. 187, § 107.