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Tax

Resolution 201-10011 on new tax obligation called Report of Sales and Services Rendered

Resolution 201-10011 of October 20, 2021, implements the report of sales and services rendered or 1027 forms. This resolution will be effective as of February 1, 2022. Who must file...

Category: Laws
Services: Tax

Personal Income Tax for expats in Panama

If you live in Panama or plan to move soon, you might be wondering about the tax environment in the country. In this article, we will share some information related...

Category: Commentary
Services: Tax

Resolution 201-4335 of 2021

The tax credit is an economic amount in favor of the taxpayer at the time of liquidating a tax. This allows a balance in favor of the tax authority. Resolution...

Category: Laws
Services: Tax

Executive Decree 251 on tax measures due to the state of national emergency

Due to the national state of emergency because of COVID-19, some articles of the Tax Code were modified to alleviate the economic impact. Article 1 of Executive Decree 251 establishes...

Category: Laws
Services: Tax

Tax Amnesty from Law 134 of 2020

Law 134 of 2020 Image

Law 134 of March 20, 2020, modifies article 5 of Law 99 of 2019. This modification aims to extend the tax amnesty period until June 20, 2020. Key Aspects The...

Category: Laws
Services: Tax

Law 122 of 2019 on tax credit eligibility to investors

On December 31, 2019, Law 122 was established, which amends Law 80 of 2012. Law 122 dictates incentive rules for the promotion of tourism activity. Investors who develop new tourism...

Category: Laws
Services: Business | Tax