Tax

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INTERNATIONAL /
Panama identified as tax shelter

The European Commission (EC) has devised a new action plan that is intended to prevent financial abuses through the erosion of tax bases applied to companies in 28 member states.To do this it has ...

GOVERNMENT /
Revenues fall 4.5 percent

State revenue for the first two months of the year totaled $787.9 million, 4.5 percent less than the same period of the previous year and 3.5 percent less than what had been budgeted.Tax revenues, ...

POLITICS /
Pension fund problems to be analyzed

The executive, through Minister of Health Javier Terrientes, asked the National Assembly yesterday for the withdrawal of a bill that sought to increase the gasoline tax by 5 cents a liter to pay ...

ECONOMY /
Varela orders proposed gas tax increase returned to Cabinet

President Juan Carlos Varela ordered Minister of Health Francisco Javier Terrientes to withdraw a bill from the National Assembly that sought to increase the gas tax by five cents a liter to ...

POLITICS /
Assembly to debate gasoline tax increase

The National Assembly is slated to debate a bill this week that will increase the gasoline tax by 5 cents a liter to pay for an increase to pensions for retirees.The bill was submitted by Minister ...

ECONOMY /
Increase in gas tax rejected

A government proposal to increase the gas tax 5 cents per liter to fund an increase in pensions for retirees has been widely rejected.The Independent Movement for Panama (Movin') said the tax ...

ECONOMY /
Increase in gas tax proposed to boost pensions

The cabinet Council Tuesday approved a 5-cent increase per liter in the gasoline tax to boost pensions for retirees.Minister of Economy and Finance Dulcidio De La Guardia confirmed yesterday that ...

GOVERNMENT /
Commission approves hike in beer tax

The National Assembly's Commission of Economy and Finance passed today on first debate a proposed law to increase the tax on beer.The proposal passed with five votes in favor and four ...

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