Taxation in Panama

Most Recent

Panama signed on Thursday a multilateral convention to share foreign taxpayers’ details with other governments, the Organisation for Economic Cooperation and Development (OECD) said, marking a big step towards ending its status as an offshore tax haven.

Panama will take a big step towards ending its status as an offshore tax haven on Thursday by signing a multilateral convention to share foreign taxpayer details with other governments, the OECD’s head of tax said.

In a reversal, Panama has agreed to join global tax reporting standards. The move comes shortly after European powers threatened a crackdown on tax havens.

France will put Panama back on its blacklist of uncooperative tax jurisdictions, its finance minister said on Tuesday after media revelations about a Panamanian law firm specialised in setting up offshore firms.

The Puerto Rican tax system faces a potentially radical transformation at the hands of Governor Alejandro García Padilla. The change calls for replacing the 7-percent Sales and Use Tax (SUT) with a new 16-percent Value Added Tax (VAT). The goal is to aid the island’s economic recovery.

Page 1 of 712345...Last »



Categories