Panama: Proposal to Suspend Tax PaymentsIn 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.Tuesday, March 17, 2020
The initiative also establishes the suspension for 90 days of the payment of electricity and drinking water, as well as mortgage and personal loans, among others, reported the National Assembly. ¿Busca soluciones de inteligencia comercial para su empresa?Contact UsNeed assistance? Contact us
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From Territorial Income to Global IncomeSeptember 2020 In order to tax the total amount of profits of individuals or corporations based in Costa Rica, regardless of where their profits are generated, a bill was submitted to the Assembly that seeks to amend the Income Tax Law. Payment Suspension: Controversy in PanamaMarch 2020 As a result of the economic effects that the outbreak of covid-19 will cause in the National Assembly, a general suspension of the payment of taxes, basic services and bank credits for three months is proposed, but the businessmen think that it is not suitable to generalize the measures. 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. Moratorium on Payment of Property Tax ExtendedAugust 2018 In Panama, the National Assembly has approved extending until December 2017 the moratorium on the payment of real estate taxes, which also extends to interest, fines and surcharges generated by the non-payment of the single rates for private interest companies and foundations.
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