Double Taxation Treaty Panama - Israel

The governments of Panama and Israel have signed a treaty to avoid double taxation.

Friday, November 9, 2012

A statement from the Ministry of Foreign Affairs reads:

Panama and Israel sign Treaty to Avoid Double Taxation

Thursday, November 8, 2012

The Deputy Foreign Minister, Francisco Alvarez de Soto, who is on an official visit to the State of Israel, emphasized that holding the first session of political consultations and the signing of a treaty to avoid double taxation, represent relevant bilateral achievements.

"The close friendship cultivated for more than 64 years, the visit of the President of the Republic, Ricardo Martinelli in 2010, and the signing of several agreements, and continued diplomatic contact have created excellent relations within a framework of trust and mutual benefit", said Alvarez De Soto.

"The celebration of this important meeting and the signing of a treaty to avoid double taxation reaffirms the close ties between Israel and Panama, and will surely motivate investment flows both ways," said the Panamanian diplomat.

More on this topic

Panama and the United Kingdom Sign Double Taxation Agreement

July 2013

The two countries signed an agreement to avoid double taxation with respect to taxes on income and to prevent tax evasion.

From a press release by the Ministry of Foreign Affairs in Panama:

The UK and Panama have signed a treaty to avoid double taxation with respect to taxes on income and to prevent tax evasion, bringing the total number of agreements of this nature signed by the Government to 18 and an equal number of nations who are mainly members European Union.

Cabinet Approves Double Taxation Agreement Number 14

July 2012

The Cabinet Council is supporting a bill to approve an Agreement between the Republic of Panama and the Czech Republic for the avoidance of double taxation and to prevent tax evasion with respect to taxes on income and its protocol.

From a press release from the Presidency of Panama:

French Senate Rejects Double Taxation Agreement with Panama

December 2011

In light of the decision by the Finance Committee of the French Senate, the Panamanian Presidency has issued a statement:

On the morning of Wednesday, December 14, the Government of Panama received a visit by Mr. Damien Loras, special envoy of President Nicolas Sarkozy, who confirmed France’s commitment to approving the Double Taxation Treaty with Panama in order to remove our country from the French list of countries not cooperating in the exchange of tax information.

Panama Complies with OECD Requirements

June 2011

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.

A press release from the Ministry of Foreign Affairs of Panama states:

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