Panama and Singapore Sign Tax Agreement
The Panamanian government announced the signing of the agreement to avoid double taxation.
Monday, October 18, 2010
Vice President and Foreign Minister, Juan Carlos Varela, and the Minister of Foreign Affairs of Singapore, George Yeo, signed a Treaty for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to income taxes, the first such agreement signed with an Asian country.
The country completed 9 of 12 agreements required by the OECD to remove it from the tax haven gray-list.
After signing today a fiscal information convention with France, Panama has completed the 12 fiscal agreements required by the Organization for Economic Cooperation and Development (OECD) in order to exclude Panama from the list of tax havens.
OECD ambassadors were communicated the country's willingness to implement transparency and information exchange standards.
The Panama Banking Association has asked the government to respond to statements made by the French president and claim compensation for damage caused to the country.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar