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
Panama: Regulations applicable to tax deductions from school expenses
Angélica Ortiz, Taxation Department, Morgan & Morgan Law 37 of June 5, 2018, adds line 9 to article 709 of the Fiscal Code, which is related to the annual income tax deductions to which natural persons are entitled, regarding school expenses incurred by the taxpayer with respect to their dependents. Additionally, Executive Decree 368 of
- Published in 2019, Angelica Ortiz, News, Publications, Taxation, Taxation_news, Taxation-es
Morgan & Morgan Forum on Transfer Pricing
Morgan & Morgan, in partnership with Grupo Camacho Internacional (Costa Rica), presented a forum on Transfer Pricing Matters for a distinguished group of clients of the firm with the objective of updating them about important changes on this complex issue, which affects both local and multinationals companies with operations in Panama. The topics were presented
- Published in 2019, Adolfo Campos, amanda_barraza_publi, Angelica Ortiz, Barraza Amanda, Enrique Jimenez, News, Taxation_news
Transfer Pricing Update in Panama
The regulation of Transfer Pricing is one of the mechanisms through which the Directorate General of Revenue (DGI) seeks to avoid the erosion of the tax base. In Panama, it is regulated in the Fiscal Code in its Chapter IX from Article 762-A to 762-Ñ. The obligation on the issue of Transfer Pricing and specifically
- Published in 2018, 2019, Adolfo Campos, Publications, Taxation_news
Morgan & Morgan participated in Seminar on Property Taxes
Panama, November 20, 2018. Adolfo Campos, senior associate and tax specialist, took part as speaker in the Seminar on Property Taxes in Panama-New Law 66 of 2017. During the event the speakers talked about the most relevant aspects of Law 66 of 2017 which will begin to take effect on January 1st, 2019. The activity
- Published in 2018, Adolfo Campos, News, Taxation_news
New Rules for SEM Companies
With the enactment of Law 57 of October 24th, 2018 that modifies Law 41 of 2007, creating a Special Regime for the Establishment and Operation of Multinational Headquarters and the Commission of Multinational Headquarters, new rules applicable to SEM (for its acronym in Spanish) companies are established.
- Published in 2018, Immigration Law_news, News, Taxation_news
Morgan & Morgan presented tax updates
The Tax Team of Morgan & Morgan invited a group of clients to a breakfast-discussion table where the last updates and news on tax issues were presented. In front of a full house, partner Enrique Jimenez, and lawyers Adolfo Campos, Amanda Barraza and Carlos Sinisterra (CPA) talked with clients about the changes and amendments that
- Published in 2018, Adolfo Campos, Barraza Amanda, Enrique Jimenez, News, Taxation_news
The Tax Residence in Panama
By: Amanda Barraza de Wong, Associate, Tax Law With Panama being a jurisdiction whose tax system is based on the Principle of Territoriality, and whose economy revolves around financial, legal and logistic services… what policy should it have with regards to foreign capital? Certainly a policy for attracting direct foreign investment. Capital that provides financing
- Published in 2018, Barraza Amanda, Press Room, Publications, Taxation_news
Morgan & Morgan Associate participated as a speaker in Accounting and Taxation Congress
Amanda Barraza de Wong, associate of Morgan & Morgan, participated as speaker in the Annual Congress of Accounting and Taxation (CACOTYF-Panama 2017), held on October 3 and 4 in Panama City. Morgan & Morgan was also a sponsor of this event which brought together professionals from diverse areas who engage into a great number of
- Published in Barraza Amanda, News, Taxation_news