Tax in Panama (The Inward Investment and Taxation Review)

This article was first published in The Inward Investment and International Review, 2nd Edition, January 2012.  Reproduced with permission from Law Business Research Ltd. View full article (PDF)  This article was first published in The Inward Investment and International Review, 2nd Edition, January 2012.  Reproduced with permission from Law Business Research Ltd. View full article

Double Taxation Treaties´ Benefits Application

Since January 1, 2013, Panama counts with Double Taxation Treaties (DTT) being the first to enter into effect with Mexico and the eleventh and last one as of today with Ireland. These DTT offer benefits and to enjoy these, the taxpayer must comply with a proceeding according to what is provided on Article 762-Ñ of

Regularization and Moratorium

REGULARIZATION. By means of Law 51 of 2013 published in the Official Gazette 27368-C of September 6th, 2013, the taxpayers have the opportunity to adjust the Income Tax, which consist in being up to date with this tax obligation. The opportunity to make a single payment is given, the latter being the result of: adding

To work at The Panama Canal expansion

Expansion works at the Panama Canal are carried out by the main contractor, the Panama Canal Authority (PCA), who in turn has hired subcontractors such as Grupo Unidos por el Canal (GUPC), FCC Construcción and the construction company MECO. After its approval, and once the construction works began, the Ministry of Work and Labor Development

The Panama Canal Explansion

For five centuries, Panama has been an important route for world trade and transportation. Today, the railway, airports, roads, oil pipeline, fiber optics communication cables, international techno-parks, ports and the Panama Canal make up a key infrastructure that independently, while complementing each other, are part of the unrivalled geographic position offered by the Isthmus. We

Regulations of Interest – Taxes – Law 80

It introduces new terms such as active/adventure, scientific, cultural/ethnic, cruise, sun and beach, business, sports fishing, nautical, rural, agro tourism and multiple use establishments. Main tax exemptions based on activity: Boarding establishments and constructions outside the district of Panama. Applies to new constructions with a minimum investment of $250,000; new constructions in tribal areas with

Regulations of Interest – Taxes – Law 62

Law 62 of October 5, 2012. By which provisions are adopted to allow implementation of certain commitments under the Trade Promotion Treaty between the Republic of Panama and the United States of America. Amendments are introduced to specific articles of other laws to suit them all to the commitment system in the said treaty with

Company Split

On November 28, 2012, Law 85 of 2012 was published in the Official Gazette of the Republic of Panama, by which certain articles of the Code of Commerce of the Republic of Panama are amended and added, establishing the “Split” as a form of company reorganization. Split-up It the act whereby a company may split

Panamanian Chapter on Taxation Law

This article was first published in The Inward Investment and International Review, 3rd Edition, January 2013.  Reproduced with permission from Law Business Research Ltd. View full article (PDF) This article was first published in The Inward Investment and International Review, 3rd Edition, January 2013.  Reproduced with permission from Law Business Research Ltd. View full article (PDF)

Panamanian Chapter on Anti-Corruption Regulation

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