Panama and Netherlands Sign Tax Agreement

Panama now has also signed double taxation agreements with Italy, Mexico, Belgium and Barbados.

Thursday, April 8, 2010

Economy Minister Frank de Lima explained that these agreements are part of the government’s policies to make the financial services sector more competitive.

“This is another step in the process to remove the country from the discriminatory lists maintained by the Organisation for Economic Co-operation and Development (OECD)”, he said.



More on this topic

Panama and South Korea Sign Tax Agreement

October 2010

The country completed 9 of 12 agreements required by the OECD to remove it from the tax haven gray-list.

The president, Ricardo Martinelli and his counterpart Lee Myung-bak took part as honorary witnesses to the signing of the Treaty for Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to income taxes between the two countries.

Panama Negotiates Double Taxation Agreement with Portugal

July 2010

Both countries have taken steps toward signing a double taxation agreement.

On signing this agreement Panama will have completed 10 of the 12 it needs to be removed from the OECD’s gray list.

“Miguel Serrao and Helena Ferreira, officials from the Portuguese government, met with the Panamanian delegation headed by chief negotiator, Luis Laguerre, who represented the Vice-Minister for the Economy, Frank De Lima,” reports Panamá América.

Panama and Qatar Ink Tax Agreement

May 2010

This is the latest double taxation agreement signed by Panama; it has recently done the same with Belgium, Italy, Holland, Barbados, Spain and Mexico.

Economy Minister Frank de Lima stated that in May they will negotiate two additional agreements with France and Luxembourg.

Panama Negotiates Double Taxation Agreement with Mexico

November 2009

Both countries will begin negotiations for a double taxation agreement on November 11th.

Panama's economy vice minister, Frank de Lima, who leads the negotiating team, has also contacted France, Germany, Australia, Japan, Holland, Switzerland, Norway, Island, Lichtenstein and England in order to negotiate double taxation agreements.

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