Panama to Sign Double Taxation Agreement with Italy

In December, both countries will sign an agreement to prevent repeated taxation.

Thursday, September 17, 2009

This was announced by Panamanian president Ricardo Martinelli upon his arrival from Italy.

Martinelli "...addressed the topic with Italian Prime Minister Silvio Berlusconi, and he promised to help him 'getting out of all the black-lists'", reported newspaper Prensa.com.

More on this topic

Panama Closes Double Taxation Agreement With France

June 2010

When signed on September, it will become the seventh double taxation agreement with OECD nations.

Prensa.com reported that the country has already signed and ratified the same agreement with Mexico, it plans to sign it with Barbados on June 21, and dates still must be set for doing the same with Italy, Belgium, Netherlands, Qatar and Spain”.

Panama and Netherlands Negotiate Double Taxation

April 2010

Starting today and until Wednesday, representatives from both countries will negotiate a Double Taxation Agreement in Panama City.

With these agreements, Panama seeks to be removed from OECD’s tax-haven gray-list. It has already closed similar treaties with Italy, Mexico, Belgium and Barbados.

Panamá To Sign Double Taxation Agreement with Spain

October 2009

An agreement to avoid double taxation with Spain is expected to be signed before next year.

Last week, Panama send a counter-proposal to the one submitted by Spain, covering tax considerations for Spanish companies operating in the country.

"The minister didn't give information on the specific text sent by Panama, and explained that it is a 'treaty to avoid double taxation with a clause covering exchange of fiscal information'", reported Pa-digital.com.pa.

Italy and Panama to Negotiate Double Taxation Agreement

October 2009

Discussions between both governments will begin on October 19th.

This was announced by Frank De Lima, Panamanian Vice Minister of Economy, who didn't communicate where the meetings are going to take place.

"On September 4th, De Lima announced that Spain, Italy, Holland and Mexico could be the first countries with whom Panama would sign double taxation agreements", reported Panamanian newspaper La Prensa.

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