Taxation_news
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
- Published in News, Taxation_news
New tax obligation to report in Panama.
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
- Published in News, Taxation_news
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
- Published in News, Taxation_news
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
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Nueva Ley de Amnistía Tributaria en Panamá
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
- Published in 2020, Angelica Ortiz, Barraza Amanda, Inocencio Galindo, Publications, Taxation_news
Panamá establece amnistía tributaria y regla de pronto pago para el pago de impuestos
15 de septiembre de 2020 Dos iniciativas legislativas debidamente aprobadas y promulgadas nos brindan la oportunidad de poner al día nuestros tributos y obligaciones frente al Fisco Panameño. Hablamos de la extensión de la Amnistía Tributaria y la Ley de Pronto Pago que resumimos a continuación. Amnistía Tributaria Desde el ejercicio fiscal 2019, se inició
- Published in 2020, Angelica Ortiz, Barraza Amanda, Inocencio Galindo, Publications, Taxation_news
Utilización de créditos ITBMS en Panamá
27 de agosto de 2020 Desde el año pasado, la Dirección General de Ingresos, mediante decretos ejecutivos y resoluciones reglamentarias dispuso los lineamientos para la utilización y aplicación de los créditos del Impuesto de Traslado de Bienes Materiales y Servicios (ITBMS) generados producto de las retenciones practicadas por los agentes de retención de este impuesto,
- Published in 2020, Angelica Ortiz, Barraza Amanda, News, Taxation_news
Chambers & Partners Corporate Tax Guide 2020
Panama, May 19, 2020. Partner Inocencio Galindo, senior associate Amanda Barraza, and associate Angelica Ortiz contributed with Chambers & Partners Corporate Tax Guide 2020. This edition highlights the key features of tax regimes, taxation of inbound investments, taxation of non-local corporations, anti-avoidance and BEPS.The online Panama chapter is available here. Or a PDF version is available
- Published in Angelica Ortiz, Barraza Amanda, Inocencio Galindo, News, Taxation_news
The ABC of the Tax Amnesty in Panama Law 99 of 2019
With this new legal initiative, the taxpayers have the opportunity to clear tax debts without interests, surcharges and fines and to file forms past due without penalties. Taxes included Those managed by the Revenues General Directorate What does the tax amnesty refer to? Condonation of: Interests Surcharges Fines Tax Amnesty Term If
- Published in 2019, amanda_barraza_publi, News, Taxation_news
Morgan & Morgan provided pro bono tax advice to Camara de Reciclaje de Panamá, Asociacion Marea Verde, Enseña por Panama y Fundación Banco de Alimentos
Panama, August 6, 2019. The Recycling Chamber of Panama, the Marea Verde Association, Enseña por Panama and the Food Bank Foundation, were authorized to obtain the Resolution of the General Directorate of Revenues (DGI for its initials in Spanish) that approves these organizations to receive donations deductible from income tax. Associates Amanda Barraza and Angelica
- Published in 2019, amanda_barraza_publi, Angelica Ortiz, News, Taxation_news