P.R. Laws tit. 21, § 652n
(a) Power.— The Municipal Treasurer is hereby authorized to execute agreements in writing with any person relating to the liability of said person or of the person or estate on behalf of whom or of which he/she acts, with respect to any license tax levied pursuant to §§ 651–652y of this title for any tax period.
As part of this agreement, the Municipal Treasurer may exempt, in whole or in part, pursuant to the guidelines, norms or procedures established by means of ordinance by the mayor and by the Municipal Legislature with the authorization of two-thirds (2 / 3) of its members, from the payment of municipal license taxes, penalties, surcharges, fines or interest on debts of more than five (5) years when convenient for the public interest and the municipality and in compliance with the applicable guidelines, norms and the procedures approved by regulation.
(b) Conclusiveness.— Said agreement, once executed, shall be final and conclusive and except when fraud or deceit is shown or a pertinent fact is misrepresented:
(1) The case shall not be reopened as to matters agreed upon, nor shall an agreement be modified by any officer, employee or agent of the municipalities of the Commonwealth of Puerto Rico, and
(2) said agreement, or any determination, assessment, collection, payment, reduction, refund or credit made pursuant thereto shall not be annulled, modified, set aside or disregarded in any suit, action or proceeding.
(c) Penalties.— Any person who in relation with any final agreement, voluntarily:
(1) Concealment of property.— Should conceal from any officer or employee of the municipalities of the Commonwealth of Puerto Rico any property belonging to the person or of any other responsible person with respect to the tax, or
(2) Suppression, forgery and destruction of evidence.— Should receive, destroy, mutilate or forge any book, document or proof, or give under oath any false testimony relating to the capital or economic condition of the person or of another responsible person with respect to the tax, shall be guilty of a misdemeanor and punished by a fine of not more than five hundred dollars ($500) or imprisonment for not more than six (6) months in whatever penal institution may be designated by the Secretary of Justice, or both penalties.
History —July 10, 1974, No. 113, Part 1, p. 371, § 42; Nov. 17, 1992, No. 93, § 32; Sept. 7, 2004, No. 259, § 1.