Panama promotes tax breaks for business conventions

Panama's Conventions Bureau is in talks to ensure that convention expenses become tax deductible for US companies.

Monday, July 7, 2008

Convention tourism attracted 53,804 foreign visitors to Panama last year.
Aida Quijana, president of the Conventions Bureau, said it was important for Panama to follow Costa Rica's lead by allowing US companies to deduct convention expenses from their tax obligations.

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Agroindustry: Tax Incentives That Never Arrive

September 2017

Agribusiness entrepreneurs in Panama claim that the procedures for obtaining fiscal benefits for production and export can take up to 2 years.

Two of the incentives most sought after by entrepreneurs are the Certificate of Promotion of Agroexportation (CEFA) and the Certificate of Promotion of Productivity (CFP), which recognize, and can therefore be deducted from the payment of income tax, expenses related to wrapping, packaging, and internal freight of the product. According to the Panamanian Association of Nontraditional Agroexportadores (Gantrap), the complete process to obtain these can take up to two years.

Honduras: Tax Exemption Procedures Paralyzed

December 2013

Employers indicate that investments are being delayed while they are awaiting response to requests for exemptions made ​​to the Commission of the Executive.  

According to representatives from the Honduran Council of Private Enterprise (Cohep), about 700 companies records have been retained pending a special commission to determine whether or not to provide tax breaks to those who request it.

Panama: Tax Incentives for Real Estate Funds

October 2013

Changes have been proposed to the tax code to stimulate the housing market through mutual funds.

From a report by the Cabinet of the Presidency of Panama:

The Cabinet has given the green light to a Bill amending Paragraph 2 of Article 706 of the Tax Code, which establishes a tax incentive for real estate investment companies and authorizes the Minister of Economy and Finance, through a Cabinet Resolution to submit the rule to the National Assembly, which aims to modify the special tax treatment of real estate investment companies, specified in the said Paragraph of the article in question, as added by section 18 of Act 8 2010.

Tax Exemptions in Guatemala

July 2012

Making the distinction between the classifications of exemptions is necessary because associations, foundations and other entities are required to be fiscally solvent in order to keep their status as an exempt entity.

From an Article by Oscar Chile Monroy:

There are several classifications for tax exemptions.

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