Tax for Airlines Proposed in Panama

A draft law proposes amending the Tax Code to set a tax of 10 cents per gallon on the fuel used by aircraft.

Thursday, July 11, 2013

The project was presented to Congress by the Minister in charge of Economy and Finance, Omar Castillo, who justified the proposal by noting that since the establishment of the excise tax on fuel products, jet fuel has remained exempt from any tax.

"We had no idea that this was to be presented to the Assembly. We will inform all members of the association and all airlines flying to Panama," said Mauricio Benaim, from the Association of Airlines in Panama (ALAP).

According to the official, this tax could affect airlines operating in Panama and those who have to stock up on this fuel in the country. Moreover, the measure could represent an increase in the value of airfares.

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