Italy excludes Panama from list of double-taxation nations
Italian Foreign Minister Franco Frattini confirmed that Panama will be excluded from the list of countries with double taxation.
Monday, May 19, 2008
The announcement was made at a meeting between Frattini and his Panamian counterpart, Samuel Lewis Navarro, at the recent summit in Lima of leaders of Europe, Latin America and the Caribbean.
The precise date has not been announced yet; this is the third agreement of this nature negotiated by Panama.
In the first months of 2010, both countries will start negotiating a treaty to avoid double taxation.
Both countries signed a double taxation agreement.
Leaders of the Guatemalan Industry Chamber rejected the government's proposal to Congress of an 0.8 percent increase in the tax take.
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