How Is The New Tax Amnesty In Panama

Published date22 June 2021
Subject MatterTax, Tax Authorities
Law FirmCLD Legal
AuthorCLD Legal

Through Law 208 of 2021, Law 99 of 2019 has been modified, which is related to the Tax Amnesty for the payment of taxes in Panama.

On this occasion, it is a Tax Amnesty to which taxpayers, be they natural and legal persons, as well as real estate that owe taxes, fees and special contributions due and delinquent as of January 31, 2021, can avail themselves.

On the other hand, the possibility of being able to carry out payment arrangements with the General Directorate of Revenues is opened again; Even if you have a prior payment arrangement, you can withdraw from it and avail yourself of a new payment agreement as long as you pay 25% of the nominal tax owed, in which case the Panamanian State forgives you 85% of the total interest surcharges and fines. It should be noted that any payment arrangement made at this time...

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