Colón Free Zone and Government Negotiate Taxes

Businessmen from Colón Free Zone (ZLC) will negotiate an eventual tax hike with the government.

Wednesday, September 2, 2009

Free Zone entrepreneurs had scheduled a protest for today, rejecting the tax increase law project.

"Sources from the Association of Users of the ZLC state that the protest was canceled after receiving a phone call from Ricardo Martinelli", reported Americaeconomica.com.

More on this topic

Pessimism in the Colon Free Zone

October 2015

Employers indicate that there are no incentives for maintaining business operations, which between 2012 and 2014 fell by 20%.

Commercial activities, which rebounded in 2012 compared to 2011, totaling $31 billion, fell to $27 billion in 2013 and to $24 billion in 2014.

An article on Panamaamerica.com reported that the president of the Association of Users of the CFZ, Marcos Tellez, noted that "...

Martinelli Travels to Venezuela to Solve CFZ Payments

July 2013

Restrictions faced by Venezuelan businessmen in obtaining dollars are causing delays in paying imports from the Colon Free Zone.

"I will travel to Venezuela on Monday," said Ricardo Martinelli, who said he hopes to have "a direct frank and sincere conversation, with President (Nicolas) Maduro".

Colon Free Zone Grows 9.5%

October 2009

Trade activity in Panama's Colon Free Zone in the first 9 months of this year was 9.5% higher than the same period of 2008.

For September 2009, activity was 15% higher than the same month of 2009.

These good news come weeks after users of the Free Zone reached an agreement with Martinelli's administration regarding how many taxes they must pay.

Colón Free Port Rejects Fiscal Modifications

August 2009

Members of the Association of Users of the Colón Free Port (ZLC) say the tax tweaks will increase operating costs.

Giovanni Ferrari, president of the Association, remarked that the new taxes could be dangerous for the stability of several ZLC companies.

Newspaper Prensa published more comments by Ferrari: "ZLC users have strongly opposed the measure.

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