P.R. Laws tit. 13, § 32051
(a) The Secretary is empowered to establish, through regulations or otherwise, conditions with respect to the granting of certificates of exemption from payment or withholding of the tax fixed in this part. In order to ensure due compliance with the terms, provisions, and purposes by virtue of which the exemption is granted, the Secretary may impose, among any others he/she may deem necessary, the following requirements and conditions:
(1) To demand that the taxpayer file tax returns and reports, keep accounting books and files, and present any document or evidence deemed pertinent to the exemption claimed or granted, as the case may be.
(2) To require the posting of a bond for the amount of the exemption requested, and any administrative fine, surcharge, or interest that may be imposed pursuant to this part.
(3) To require authorization for conducting periodic inspections or other types of ascertainments (including via control terminals, applications, or other electronic media) to, among others, points of sale, commercial locations, vans, containers, warehouses, storage areas, and exhibition areas, with regards to taxable items.
(4) To require the prior filing of contracts, orders, or other information related to the permits to transfer or sell taxable items.
(b) If a person uses a certificate of exemption from the payment of the tax established in this part for the acquisition of taxable items and subsequently uses, stores, or consumes the latter for nonexempt purposes, he/she shall be liable for the payment of the tax established in this part.
History —Jan. 31, 2011, No. 1, § 4030.01, retroactive to Jan. 1, 2011.