Law No. 446, enacted on October 28, 2024, establishes a tax amnesty effective until December 31, 2024. This amnesty allows taxpayers to settle their tax obligations without incurring interest, surcharges, certain fines, or penalties. Key Provisions of the Law: 1.  ...

Due to the importance of the information, we wish to share with our clients the following summary and analysis of Opinion No. 5, dated August 24, 2023, in which SMV provides insights on cryptocurrencies within the Panamanian jurisdiction. Some Context: It's essential...

Extensión de la moratoria tributaria de algunos impuestos, hasta el 30 de diciembre de 2023. La Dirección General de Ingresos (DGI) decidió extender hasta el 30 de diciembre próximo el alcance de las normas establecidas en la recién aprobada Ley 401 del 5 de octubre...

Dear client: In the following, you will find important information in relation to the requirements about “accounting records” as per the recently enacted Law 254 of November of 2021, which modifies Law 52 of 2016. Law No. 52 of...