Panama to Approve Tax Reform in 2009
Among the main reforms that the tax system is looking to simplify is the elimination of alternative income tax calculation.
Tuesday, May 12, 2009
The new income tax rate that will be applied has yet to be defined.
According to Economy Minister Alberto Vallarino, the tax reform project will be ready between November and December.
The future Salvadoran Finance Minister is analyzing the first economic measures by the incoming government along with his team.
Representatives from business associations are calling for discussion on drafting a project than it differs from the current one, which was approved in the Finance Committee of Congress.
Alberto Vallarino, Finance Minister, is expected to present the tax reform today to the president’s cabinet.
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