Panama: "Flat-Tax" Won't Be Over 30%Monday, November 16, 2009 The tax reform bill includes the creation of a 'flat-tax' scheme, which would come into effect in 2010. This tax will replace the Alternate Income Tax Calculation, lowering the tax burden for individuals and businessmen, argued Dulcidio De La Guardia, finance vice minister. Panama: More Time to Declare IncomeFriday, July 29, 2016 Due to the implementation of a new tax system, the government has postponed until August 31 the deadline for filing tax declarations and reports which were due on July 31. From a statement issued by the Ministry of Economy and Finance: Panama: Online Tax PaymentsTuesday, April 29, 2014 A new system to make tax payments to the Treasury will come into operation on June. E-Tax 2.0 is the name which the national authority of public revenue (ANIP) has given to the new on line system which will connect to 10 banks, crossing with tax information and will allow requests to be made and follow up given on tax procedures. Increase in Panama's Fiscal EffeciencyWednesday, July 13, 2016 Optimization of the DGI's management practices has been cited as the cause of the 14.3% increase in tax revenue collection in the first half of the year. From a statement issued by the Ministry of Finance: How to Make Money Denouncing Tax EvadersMonday, July 21, 2014 In Panama Law 31 of 2009 empowers the tax authorities to pay a reward of 25% of any amount that the State manages to raise as a result of a complaint about tax evasion. In his opinion article in Prensa.com, Osvaldo Lau said that the business of organizing offices that ".... are dedicated to tax allegations ... have thrived in other jurisdictions, so it would not be " ... Soft Drinks: Extension for Tax PaymentThursday, January 9, 2020 Until January 13, 2020, the Sworn Declaration of Liquidation of the Selective Consumption Tax on Soft Drinks may be presented in Panama, corresponding to November 2019. Law 114 dated November 18, 2019, which entered into force on November 19, 2019, establishes a new rate for the Selective Excise Tax on Soft Drinks, which is why the e-Tax 2.0 system was modified. Tax Amnesty to Reactivate the EconomyTuesday, February 16, 2021 In order to reactivate the Panamanian economy that has been damaged by the outbreak of covid-19, the Ministry of Economy and Finance will present to the National Assembly a bill to extend the tax amnesty and approve new tax relief measures. The Cabinet Council, led by President Laurentino Cortizo Cohen, authorized, today, the Minister of Economy and Finance, Hector Alexander to present to the National Assembly, the bill extending the tax amnesty, as well as new tax relief measures with a view to reactivate the national economy, explains an official document. |
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