Medical Supplies: Tariff Benefits Extended

In Panama, the Cabinet Council approved the extension for six more months of the decree which, in the context of the pandemic, provides tax benefits for the importation of medical and personal hygiene supplies.

Wednesday, March 24, 2021

The purpose of this policy is to maintain assured for the national population the access to hygiene and personal protection products at competitive prices, in addition to the acquisition of medical supplies necessary to strengthen and meet the medical and sanitary needs of the health sector in the fight against the pandemic that generated the outbreak of Covid-19.

You may be interested in "Medicines: Institutional Market in 2020"

Gloves, masks, face shields, medical equipment such as sanitary garments, shoe covers, hairnets, caps for surgeons and nurses and disposable coveralls, are some of the inputs and products that benefit from this measure.

Elcapitalfinanciero.com reviews that "... the new decree modifies Cabinet Decree No.7 of March 18, 2020, which modified the national import tariff, and the Cabinet Decree of March 31, 2020, as modified by Cabinet Decree No.35 of September 29, 2020, which adds tariff items to the national import tariff."

"The measure, which represents a fiscal sacrifice of $12 million, is adopted in coordination between the Ministry of Economy and Finance, the Ministry of Health and the National Customs Authority", the publication highlights.

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