ZLC Users Oppose Fiscal Reform

Users of the Colón Free Port (ZLC) in Panama consider the proposed tax reform would "have dire consequences".

Thursday, July 30, 2009

Alberto Vallarino, Finance and Economics minister, said in regard to what they would pay: "its nothing, compared to their earnings".

"We are in talks with ZLC users. They don't want us to tax them, they don't want income declarations, but we need the money from this taxes", said the minister in a Prensa.com article.

More on this topic

Pessimism in the Colon Free Zone

October 2015

Employers indicate that there are no incentives for maintaining business operations, which between 2012 and 2014 fell by 20%.

Commercial activities, which rebounded in 2012 compared to 2011, totaling $31 billion, fell to $27 billion in 2013 and to $24 billion in 2014.

An article on Panamaamerica.com reported that the president of the Association of Users of the CFZ, Marcos Tellez, noted that "...

Colombia Extends Additional Tariffs for CFZ

January 2014

The imposition of tariffs on imports of shoes and clothing from the Colon Free Zone has been extended until March 2016.

The Colombian government announced that it will extend, for two more years, the measure which partially amended the Customs Tariff duties on imports of apparel and footwear, a ruling which affects the activities of re-exports from the Colon Free Zone (CFZ), according to customers of the free zone area.

Martinelli Travels to Venezuela to Solve CFZ Payments

July 2013

Restrictions faced by Venezuelan businessmen in obtaining dollars are causing delays in paying imports from the Colon Free Zone.

"I will travel to Venezuela on Monday," said Ricardo Martinelli, who said he hopes to have "a direct frank and sincere conversation, with President (Nicolas) Maduro".

Colombian Tax for Colon Free Zone Could Drop

April 2013

Colombia's government is studying the possibility of applying a reduction to the fees charged for goods coming from the Colon Free Zone.

According to Ricardo Quijano, Minister of Commerce and Industry of Panama, this relief is an option being proposed by Colombia during the meeting held in recent days with his Colombian counterpart, Sergio Diaz-Granados, in the city of Bogota, in order to seek an early resolution to this situation which affects the Colon Free Zone (CFZ).

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