Taxation_news

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Leaders League Rankings 2024: Corporate/M&A, Corporate Tax

Panama, October 20, 2023. Leaders League published its 2024 ranking for Corporate/M&A and Corporate Tax in Panama, and Morgan & Morgan ranks among the best law firms in the country in these practice areas as follows: Corporate/M&A: Leading firm. Corporate Tax: Excellent firm. Likewise, partners Francisco Arias, Inocencio Galindo, Carlos E. González R., Roberto Vidal, Ana Carolina Castillo, Aristides Anguizola y José

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Morgan & Morgan outstands in WWL: Central America 2023.

Panama, August 1, 2023. Once again, Morgan & Morgan leads the Panama section of Who´s Who Legal (WWL): Central America 2023, achieving the most recommended number of lawyers in Panama. The publication endorsed nineteen lawyers of the firm in the following practice areas Banking, Finance & Projects: Francisco Arias G. Inocencio Galindo Ramón Varela Ana

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Bloomberg Tax Guide 2023: Panama Chapter.

Panama, April 27, 2023. Partner José Rafael Reyes contributed to the Panama chapter of Bloomberg Tax´s Country Guides – a guide to corporate taxes in more than 200 jurisdictions. The publication provides detailed summaries to give a non-resident business an understanding of its tax liability and permit it to manage some compliance elements. Country Guides covers corporate taxes, personal taxes,

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Morgan & Morgan outstands in The Legal 500 Latin America 2023.

Panama, October 20, 2022. With 27 attorneys and seven ranked practices, Morgan & Morgan heads the Panama chapter of The Legal 500 Latin America 2023 edition. In addition, eight practice areas receive the top Tier 1 ranking in the publication. The 27 attorneys of the firm recommended by this reference publication are: Allen Candanedo: Intellectual Property. Amanda Barraza:

Taxpayer ID Number Registry (TIN): Updates

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

Morgan & Morgan Legal strengthens its Tax Law practice.

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:

Relevant changes Spreadsheet 03

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

Benchmark: A priori pricing of related party transactions

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

Time to review transfer pricing

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