Shipping companies are against a bill that will add a 1% tax to freight headed to or starting in Panama.
Gullermo Márquez, from the Maritime Chamber, stated that applying the Income Tax (ISR) on these freights, “could have a dramatic effect”, making imports and exports more expensive. He demanded the government to maintain the current levy.
An article in Prensa.com noted that the proposal does not tax goods passing through the country, which makes 95% of all the cargo arriving at Panamanian ports.
The company, a supplier of bunker fuel for tanker ships, will invest in expanding its facilities during the next 12 years.
The announcement was made by Guillermo Márquez, company representative, after the corporation signed an agreement with the Panamanian State to extend its concession at Isla Tabogilla, in the Pacific coast.
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The firm currently provides services to individual and corporate clients in Panama as well in the Americas, Europe and Asia. Its partners maintain a commitment with professional ethics and social responsibility by participating in the board of directors of groups such as the Panama Bar Association, the German Chamber of Commerce and the American Chamber of Commerce (AMCHAM) of Panama.
Operates in Panama
Phone: (507) 3406447
More than a Law Firm. Lex Counsel & Co. is a business ally, an integral adviser and a support team for all our client’s needs. We established our firm to offer high quality services both at national and international level, under a renewed professional proposal, endorsed on standards that guarantee options abilities, personal and permanent contact and quality results on every transaction we intervene.
Operates in Panama
Phone: (507) 366 6400 - (507) 366 6401