P.R. Laws tit. 13, § 375b
2019-02-20 00:00:00+00
The stockholders or partners of a hospital facility exempted under the provisions of this chapter, shall be subject to a ten percent (10%) tax on the distribution of dividends or benefits from the net income of the operations of the corporation or partnership covered by the benefits provided in this chapter, which tax shall be in lieu of any other tax, if any, levied by law, and which the corporation or partnership shall deduct and withhold at the source and inform and remit to the Secretary of the Treasury, as established in the Puerto Rico Internal Revenue Code of 1994, Act No. 120 of October 31, 1994.
History —June 30, 1968, No. 168, added as § 7 on Mar. 3, 1995, No. 27, § 5; Jan. 20, 2006, No. 16, § 7.