Update of TIN Registry Through Resolution No. 201-4393 of June 21, 2022 published in Official Gazette 29581 of July 19, 2022, the General Revenue Directorate establishes the Tax Obligation to update the Taxpayer ID Number Registry ( TIN ) no later than July 31st , 2022 by completing all mandatory fields. Those who do not
Panama, July 8, 2022. Morgan & Morgan Legal is pleased to announce the recent incorporation of Mr. Jose Rafael Reyes as partner and head of the Taxation practice group of the firm. Mr. Reyes has over ten years of experience handling complex legal and tax matters. He regularly advises clients from multiple industries in connection
Morgan & Morgan among the five most renowned law firms in Central America: WWL Central America 2022.
Panama, April 30, 2022. With 25 positions in the ranking, Morgan & Morgan has been recognized by Who’s Who Legal (WWL) among the five leading law firms in Central America. The publication endorsed eighteen lawyers of the firm in ten practice areas of its ranking, one of the most important in the region: Inocencio Galindo:
December 3, 2021 Executive Decree No.186 of 22 November 2021, published in the Official Gazette 29427-C of December 2nd 2021, establishes important changes to Form 03, which is the report that allows taxpayers to submit information on all their employees for income tax withholdings. These are summarized below: Filing. Previously it was filed within the
December 1, 2021 Taxpayers that have transactions with related parties resident outside Panama must set the prices of such transactions under the arm’s length principle. That is to say, they must be set under the “fair market price”, which is no more than setting the prices of our operations with related parties within the price
Panama, November 25, 2021. If taxpayer’s resident in Panama have carried out transactions with related parties outside of Panama this tax year, it will be important to review before the end of December whether the related payments are within the ranges required by the tax regulations. Even with local related parties in certain cases the
Panama, November 11, 2021. By means of the Resolution No. 201-10011 of 20 October 2021, the Directorate General of Revenues (hereinafter DGI) creates a new tax obligation called “Report of Sales and Services Rendered” as published in the Official Gazette 29406-A of 27 October 2021. This tax obligation is called “Form No. 1027”. It applies
Requirements and conditions for procedures before the General Directorate of Revenue related to the Panama-Pacific Special Economic Area.
Panama, November 9, 2021. By means of the Resolution 201-8097 of August 30, 2021 the General Directorate of Revenue (hereinafter DGI) of the Ministry of Economy and Finance as published in the Official Gazette 29411 of Monday, November 9th, 2021, mandates specific requirements and conditions for natural and legal persons established in the special regime
Morgan & Morgan achieved the highest number of practices and lawyers ranked in The Legal 500 Latin America.
Panama, October 26, 2021. Morgan & Morgan has been recognized by The Legal 500 as the Panamanian law firm with most practice areas and lawyers ranked in the 2022 edition of the directory, a key reference point of regional top law firms. The publication has assigned the firm ten practice areas rankings, 7 of these
6 de abril de 2021 Con la intención de contribuir a la reactivación de la economía nacional, se publica en la Gaceta oficial 29256-A la Ley 208 de 6 de abril de 2021 que a grandes rasgos comprende entre otros temas los siguientes: Contribuyentes morosos Pueden acogerse a la amnistía los contribuyentes ya sean personas