Panama: Deadline Extended for Rent PaymentsIn order to give individuals and corporations the opportunity to catch up with this obligation interrupted by the pandemic, authorities extended until July 17 the deadline for declaring income tax payments.Monday, May 18, 2020
The term to cancel this commitment with the Panamanian State expired on March 31, 2020, and an extension was added until May 30, given the circumstances with the effects of covid-19, the difficulties presented by many companies and the time needed by public accountants to submit such statements, explained the representatives of the General Directorate of Revenue (DGI). ¿Busca soluciones de inteligencia comercial para su empresa?Do you need detailed information to understand the new business scenario? Contact UsNeed assistance? Contact us
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Payment of Taxes: Flexible Deadlines in PanamaMarch 2020 Extension of deadlines for the payment of taxes and flexibility in the submission of income tax returns by natural and legal persons are some of the measures that the authorities will implement in the context of the Covid-19 crisis. Panama: Proposal to Suspend Tax PaymentsMarch 2020 In view of the emergency arising from the spread of covid-19, a bill was submitted to the Assembly proposing a 90-calendar-day suspension of the payment of municipal and national taxes. Taxes: Moratorium Proposed in Costa RicaMarch 2020 A three-month moratorium on the payment of value added taxes, business income and customs duties is the proposal of the Executive in view of the emergency caused by the spread of covid-19 in the country. Panama: Increased Penalties for Tax ArrearsNovember 2014 At the end of the December 31, deadline to qualify for the current moratorium, a 10% surcharge will be incurred by those behind in the payment of taxes on income or property.
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