Panama: Private Companies Will Collect Delinquent Taxes

The Economy and Finance Ministry (MEF), will select three companies to collect $590 million in unpaid taxes.

Wednesday, August 26, 2009

The selection process will be done through public bidding before next year. Candidate companies must have experience in the Panamanian market, and their task will begin in 2010.

"They will apply, as established in the law, co-active enforcement to clients who don't get up to date in their obligations. This includes collecting debts through vehicles, terrains, real estate and bank accounts", reported Panamanian newspaper Prensa.

More on this topic

Panama: Increased Penalties for Tax Arrears

November 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.

According to some taxpayers this measure represents a "... Disguised tax increase, which contradicts the promise made by President Juan Carlos Varela not to raise taxes, despite the existing fiscal deficit.

Panama: More Tax Collection Companies

August 2014

A bill proposed to the National Assembly aims to hire more companies to manage cases of tax arrears.

So far only one company is responsible for this service, engaged directly and exclusively to manage collections from legal and natural persons who are behind with tax payments. If the bill presented by the Ministry of Economy and Finance is successful, the government will open up the process for hiring companies.

The Private Enterprise Does It Better

May 2013

Outsourcing the collection of unpaid taxes in Panama has generated comments that merit an analysis of the differences in efficiency between the public and the private sector.


In Panama the Tax Revenue Authority has hired a private company to recover its arrears portfolio, gaining efficiency and reducing costs.

Tax Collection in Panama Up 13%

February 2011

Government revenue during January 2011 totaled $ 332.8 million, $ 37.6 million more than the same period of 2010.

Tax revenues reached $ 264.5 million, an increase of $ 52.5 million (24.8%) over January 2010.

Regarding indirect taxes, revenue was $ 169.5 million, a net increase of $ 52.8 million (45%) over the same month last year.

 close (x)

Receive more news about Taxes

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Gluten-free food business for sale

Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand.
The OHNE brand has 8 product lines: square bread, sweet...

Stock Indexes

(Feb 28)
Dow Jones
S&P 500


(Mar 23)
Brent Crude Oil
Coffee "C"