españolNew Tender for Panamanian Assembly SeatThursday, May 27, 2010 The Electoral Court will call for a new acquisition process, as the first one, due on May 26th, was declared deserted. A number of companies that were interested in the project admitted that the $20 million reference price is too low, considering the high-quality construction requirements of the initial bidding rules. Bids Invited for $20 Million Panamanian Assembly SeatTuesday, March 30, 2010 The contract comprises designing the final blueprints, constructing and supplying equipment for a new building for the National Assembly. Interested companies must submit their bids on May 11th, 2010, at the Transport commission of the National Assembly. Panama Invites Bids for Congress BuildingMonday, March 22, 2010 The bidding rules for building a new $18 million building for the Legislative Assembly will be published on March 24. This facility is an annex to the current seat of the Assembly, “Palacio Justo Arosemena”. Work Begins on Panama's Assembly BuildingThursday, September 23, 2010 The project to construct a six-story annex and car parking facilities will be carried out by the company Corcione & Asociados, S.A. Construction of Panama's Assembly building annex is predicted to take two years and is being carried out due to the poor condition of the present infrastructure, informed the president of the country's legislative branch. Panama's 2010 Budget: $10.280 MillionWednesday, September 2, 2009 The Economy Ministry presented Congress the General Budget for 2010. $3.6 billion will be used for social investment, and $1.35 billion for paying sovereign debt. New "Know Your Customer" Regulations in PanamaMonday, January 31, 2011 Resident agents should require their customer satisfactory evidence of identity or of that of the final beneficiary. The National Assembly passed Bill 275 in third debate, regulating the information requested by resident agents or lawyers in order to strengthen the fight against money laundering and terrorist financing. Panama Approves Incentives for Subway SystemThursday, September 16, 2010 Congress passed, after preliminary debate, regulation that gives fiscal incentives to the Metro Secretary and to contractors involved in the project. They new regulation would exonerate direct and indirect taxes, contributions, rights and obligations. Panama Ratifies FTA with PeruWednesday, December 14, 2011 The National Assembly unanimously approved on the third and final debate the free trade agreement with Peru, to be implemented in 2012. A press release from the National Assembly of Panama reads: Green light for Construction of Underground Parking in PanamaThursday, October 9, 2014 The mayor of the capital is making progress with the construction of parking lots under a park in the city center after the Assembly agreed not to ban works under public spaces. According to the bill as presented, municipalities will be the entities which will grant concessions to private companies, for whom "... The State will waive the 100% tax on property and ITBMS, 15 years of income as well as ten years of municipal taxes. " Panama to Purchase Planes for $ 6 millionTuesday, September 28, 2010 The National Assembly approved a credit for $ 6,455,256 in order to purchase two aircraft. The acquisition will be conducted by the National Air Service, which will use one for coastal patrol and the other as an ambulance for emergencies. Panama Bans Weapon ImportsFriday, October 29, 2010 The country banned imports until the new law to possess and carry weapons is approved. The project will be discussed at the National Assembly during the next period. Panama Sells Electricity SharesMonday, June 18, 2012 The draft law which changes the regulatory framework for the provision of electricity includes a proposal to change the way the state sells its investments in in utility companies. Manuel Brea, in his opinion piece in Prensa.com, detailed arguments supporting the Panamanian government’s justification for the intention to sell its stake, "a) Avoiding conflict of interest, because the State is a partner and regulator at the same time. Panama: Tax on Sugary DrinksWednesday, October 4, 2017 A legal initiative aims to establish a selective consumption tax of 8% on the price of sugary drinks, whether they be imported or domestic. Panama Approves Mandatory Car InsuranceThursday, March 3, 2016 Insurers are obliged to cover accidents involving alcohol consumption after Congress approved a bill on its third reading. From a statement issued by the National Assembly of Panama: Panama: Official Appraisals EliminatedWednesday, October 21, 2015 The Assembly has approved a law granting administrative autonomy to municipalities and has eliminated appraisals of properties declared as official, as established by Law 8 of 2010. Prensa.com reports that "... The document approved amends Article 770 of the Tax Code, so that once the project is sanctioned, the general and partial assessments are made in compliance with the requirements established by the National Directorate of Cadastral Information and Valuation by the National Authority of Land Management (Anati ), provided that they meet a schedule properly structured in accordance with the procedures established by the standard. " |
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