WTO Extends Incentives to Panamanian Industries

The export subsidy incentives for Panamanian companies, which would have expired in 2009, were extended until 2015.

Thursday, March 19, 2009

The incentives for the Official Registry of Panamanian Industry were extended until 2015 by the World Trade Organization, which attracts business investment.

The president of the Union of Panamanian Industries, Valerio De Sanctis, told the media: "There are a number of tax advantages in return for profit reinvestment and an investment at the industry level by the company. This increases employment."

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Panama: Plans to Expand Investment Incentives

March 2016

The initiative aims to expand the scope of the Law on Multinational Companies to provide the same benefits to industrial companies who export their entire production.

In Panama discussion is taking place of a new law for Branches of Extended Multinational Enterprises (SEMA by its initials in Spanish), an extension of the law on Multinational Corporations known as SEM, in order to attract industrial companies with some similar benefits to those contained in the SEM.

Panamanian Industry Transforms

May 2012

Food companies and those related to the construction industry have successfully managed to adapt to changes in the last few decades.

The entrance into the World Trade Organization (WTO), unilateral lower tariffs and more recently the entry into force of the Free Trade Agreement (FTA), have been challenges for evolving and managerial capacities, and for industrial adjustment in Panama in the last two decades.

Panama Withdraws Exports Subsidy

October 2009

The Government won't renew an export subsidy known as CAT ("Certificados de Abono Tributario").

Within the recently approved law for Industry Promotion, a non-transferable fiscal bonus was included as a CAT substitute, explained Roberto Henríquez, Commerce and Industry Minister.

Incentives for Panamanian Industry

September 2009

A law project being developed by MICI includes tax breaks in exchange for industrial investment.

This law could be ready in sixty days, explained Roberto Henríquez, head of the Commerce and Industry Minister (MICI).

An article in Laestrella.com.pa details the incentives being proposed: "...industrialists will obtain tax benefits in exchange for research and development projects, ...

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