Adjustments Prior to Tax Reform in Panama
The economy and finance ministry will present some tax adjustments, prior to the fiscal reform announced for years-end.
Tuesday, August 4, 2009
These adjustments include a modification in real estate taxes and tax increases for casinos and gambling houses.
2010 will be a difficult year for the region's Treasuries, and tax reforms will be one of the weapons used by governments to fight this crisis.
The proposed reforms to the law of fiscal responsibility will be put before the Assembly for their consideration and approval before July 1.
One of the modifications to be introduced by the fiscal reform is a new tax when registering a vehicle.
The bill includes over 150 items, and will be presented today by the government to the Legislative Assembly.
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