<\/p>\n
As of today, Panama has entered into numerous Tax Treaties to avoid Double Taxation.\u00a0 Taxpayers should notify the tax authority the intention to enjoy any of the benefits established by means of a formal petition. Failing to do so my cause the total loss of the benefit and possibly to consider such action as a tax fraud.<\/p>\n
The Tax Code and a recently passed resolution provide the legal basis which makes such notice mandatory whenever a benefit under these treaties will be applicable. Therefore, although a taxpayer considers a given transaction to be covered under a tax treaty and in compliance to specific conditions, the applicability of the benefit is not valid until the formal petition is filed on time.<\/p>\n
The formal petition of the intention to enjoy a benefit covered under a given Double Taxation Treaty should be filed by means of an Attorney specifying the treaty article to which it refers, thirty days prior to the effective day the transaction will take place. Said notice should be supported at least with the corresponding documents proving the transaction to be executed, a tax residence certificate of the beneficiary duly authenticated and translated into Spanish, certificate from the Public Registry of the applicant and copy of the identification document of the legal representative of the applicant if a juridical person.<\/p>\n
The petition is considered valid depending on the applicants specification (i) if solely one transaction is mentioned, it shall only cover that transaction; nevertheless, (ii) if the applicant mentions that such transaction takes place periodically, it shall cover the said term until the date specified as valid period of the tax residence certificate attached; if there is no specific validity period on the certificate, it is considered to be valid for a year.<\/p>\n
We consider that the process was introduced to avoid abuses and even fraud; nevertheless, in practice it is still difficult to fulfill the process since the tax administration is dealing with thousands of notices. \u00a0We strongly believe that this mechanism will be amended in a short term to produce changes that would implement a speedy electronic communication with less cost for all parties involved.<\/p>\n
Amanda Barraza de Wong<\/p>\n
<\/p>\n
Este art\u00edculo se public\u00f3 por primera vez en Tax Planning International Review-Bloomberg BNA, Febrero de 2014<\/strong><\/p>\n Por Amanda Barraza de Wong, Asociada, Morgan & Morgan, Ciudad de Panam\u00e1<\/p>\n A la fecha, Panam\u00e1 ha suscrito numerosos Tratados Fiscales para evitar la Doble Tributaci\u00f3n. Los contribuyentes deben notificar a las autoridades fiscales su intenci\u00f3n de acogerse a cualquiera de los beneficios a trav\u00e9s de una solicitud formal. No hacerlo podr\u00eda ocasionarles la p\u00e9rdida total de tales beneficios y su omisi\u00f3n pudiera, posiblemente, considerarse evasi\u00f3n fiscal.<\/p>\n El C\u00f3digo Fiscal y una resoluci\u00f3n adoptada recientemente, disponen las bases legales para que tal notificaci\u00f3n sea obligatoria cuando el beneficio conforme a estos tratados sea aplicable. Por lo tanto, aunque un contribuyente pueda estimar que una transacci\u00f3n en particular est\u00e1 cubierta por un tratado fiscal, y cumple con condiciones espec\u00edficas, la aplicaci\u00f3n del beneficio no es v\u00e1lida hasta que se presente la solicitud formal en el t\u00e9rmino estipulado.<\/p>\n La solicitud formal de intenci\u00f3n de acogerse al beneficio conforme a un Tratado de Doble Tributaci\u00f3n espec\u00edfico debe presentarse a trav\u00e9s de abogado, indicando el art\u00edculo del tratado al cual se refiere, 30 d\u00edas antes de la fecha efectiva en que se realizar\u00e1 la transacci\u00f3n. Tal notificaci\u00f3n debe ir sustentada como m\u00ednimo, por los documentos correspondientes que evidencien la transacci\u00f3n a ejecutarse, un certificado de residencia fiscal del beneficiario debidamente autenticado y traducido al espa\u00f1ol, un certificado del Registro P\u00fablico del solicitante, y una copia del documento de identidad del representante legal del solicitante cuando sea persona jur\u00eddica.<\/p>\n La solicitud se considera v\u00e1lida dependiendo de la especificaci\u00f3n del solicitante. Si se menciona solamente una transacci\u00f3n, deber\u00e1 cubrir solamente esa transacci\u00f3n; sin embargo, si el solicitante menciona que la transacci\u00f3n tiene lugar peri\u00f3dicamente, deber\u00e1 cubrir el t\u00e9rmino indicado hasta la fecha especificada como periodo v\u00e1lido del certificado de residencia fiscal que se adjunta. Si el certificado no estipulara un periodo espec\u00edfico de validez, se considerar\u00e1 v\u00e1lido por un a\u00f1o.<\/p>\n Estimamos que el procedimiento se introdujo para evitar abusos y hasta fraudes. No obstante, en la pr\u00e1ctica, es dif\u00edcil cumplir con el mismo ya que la administraci\u00f3n fiscal debe atender miles de notificaciones. En nuestra opini\u00f3n, este mecanismo ser\u00e1 modificado a corto plazo para introducir cambios que implementen una comunicaci\u00f3n electr\u00f3nica r\u00e1pida, a un costo menor para todos los involucrados.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" As of today, Panama has entered into numerous Tax Treaties to avoid Double Taxation.\u00a0 Taxpayers should notify the tax authority the intention to enjoy any of the benefits established by means of a formal petition. Failing to do so my cause the total loss of the benefit and possibly to consider such action as a<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[501],"tags":[],"_links":{"self":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/posts\/24297"}],"collection":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/comments?post=24297"}],"version-history":[{"count":0,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/posts\/24297\/revisions"}],"wp:attachment":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/media?parent=24297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/categories?post=24297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/tags?post=24297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}