Politank granted until mid‑August to present arguments
- The San Juan Daily Star
- Jul 31
- 1 min read
By THE STAR STAFF
The Department of Economic Development and Commerce (DDEC by its acronym in Spanish) has granted Politank Corp. additional time to present its arguments in response to the $80,000 in administrative fines issued earlier this summer, DDEC Secretary Carlos Ríos Pierluisi confirmed Thursday.
The fines -- $10,000 for each of eight violations -- stem from failures to file annual reports required under the company’s tax incentive decree.
Ríos Pierluisi said the lobbying firm requested an extension to file its motion for reconsideration, a remedy available under Puerto Rico’s administrative procedures. The agency granted the request, allowing Politank to submit its arguments between Aug. 12 and Aug. 17.
“They have until that date to appear before the agency and present any points they wish to raise,” Ríos Pierluisi said.
The extension follows DDEC’s formal notice of the sanctions to Politank and a warning that continued noncompliance could trigger a process to revoke or annul the company’s tax decree.
“They requested additional time to present their motion for reconsideration, which includes their position regarding the fines already issued and the warning of possible revocation or annulment of the decree,” the secretary added.
With the new deadline, Politank now has until mid-August to submit its formal challenge and present the arguments it will use to contest both the monetary penalties and the agency’s warning about its tax incentive status.
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