Panama: Companies As Tax Retention AgentsThe Association of Banks of Panama has filed a lawsuit alleging that the concept of the tax retention agent is unconstitutional.Monday, February 10, 2014
The Association of Banks of Panama (ABP) believes that the agreement which empowers the Panamanian municipality to select companies that bill more than $5 million as tax retention agents is unconstitutional. The agreement regulated in 2013 turns firms in auditors and collectors of tax for the municipal coffers. Source: Prensa.com ¿Busca soluciones de inteligencia comercial para su empresa?El Salvador Withdraws Municipal TaxApril 2016 Noting that the right to property was violated, the tax that the Mayoral Office of San Salvador charged private companies using a calculation based on their assets has been declared unconstitutional. Costa Rica: Free Zones to Keep ExemptionsMay 2015 The Constitutional Court has rejected an appeal that sought to eliminate from the free zone law exemptions from municipal taxes. Costa Rica: Increase in Cost of Liquor LicensesJuly 2013 Retail stores, restaurants and bars are feeling the effects of a new law which regulates the sale of liquor in municipalities. New Tax in Panama CityNovember 2011 Enforcing the recent "carrot decree" which regulates at what times alcoholic refreshments may be sold, will require additional expenses, to be paid by citizens through a new tax.
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