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  • Article

    Colombia, The OECD And The French Outburst

    Faced with the impossible task of negotiating the signing of a treaty to avoid double taxation between Panama and Colombia, I would like to clarify my position in opposing the signing of any such agreement...
    PanamaTax
    Morgan & Morgan
    Morgan & Morgan
  • Article

    The Submission Deadline For The Request For The Non-Application Of The Alternate Income Tax Calculation Has Been Extended

    The Official Gazette publishes the regulatory decree for Article 13 of Law 80 of 2012, which grants incentives for the development of tourist activity in Panama
    PanamaTax
    Morgan & Morgan
    Morgan & Morgan
  • Article

    Intellectual Property Prohibition

    Pursuant to the International Business Companies Regulations, 2019 and related legislation, companies incorporated under the IBCs shall not acquire, hold own or deal with any Intellectual Property Asset.
    BelizeIntellectual Property
    Morgan & Morgan
    Morgan & Morgan
  • Article

    The Ministry Of Labor Of The Republic Of Panama Restricts The Public Attention

    As of today, the biometric affiliation process and the issuance of work permit ID-cards, have been suspended for a period of fifteen (15) working days.
    PanamaEmployment and HR
    Morgan & Morgan
    Morgan & Morgan
  • Article

    The National Immigration Authority Of The Republic Of Panama Restricts Public Attention

    By means of Resolution No. 5731, published in the Official Gazette on March 13th, 2020, the National Immigration Authority of the Republic of Panama restricts public attention.
    PanamaImmigration
    Morgan & Morgan
    Morgan & Morgan
  • Article

    Beginning Of The Filing Period For Sworn Income Tax Statements

    Article 710 of the Tax Code, which regulates all matters pertaining to the filing of sworn income tax statements by taxpayers, for income earned during the previous tax year, stipulates that:
    PanamaTax
    Morgan & Morgan
    Morgan & Morgan
  • Article

    The Tax Residence In Panama

    With Panama being a jurisdiction whose tax system is based on the Principle of Territoriality, and whose economy revolves around financial, legal and logistic services… what policy should it have...
    PanamaTax
    Morgan & Morgan
    Morgan & Morgan
  • Article

    Existing Regulation On Data Protection In Panama

    The worker in accordance with the constitutional protection has the right to access, update and amend that information, as appropriate.
    PanamaPrivacy
    Morgan & Morgan
    Morgan & Morgan
  • Article

    Importance Of The Effective Collection Of Real Mortgage Loan

    The loan agreement secured by mortgage is a legal and financial concept that has undoubtedly been a pillar of world economic progress.
    PanamaFinance and Banking
    Morgan & Morgan
    Morgan & Morgan
  • Article

    New Law On Tax Amnesty In Panama: Corporations And Private Interest Foundations

    The Panamanian government has issued Law 99 of October 11, 2019, which establishes a General Tax Amnesty Law that includes the elimination, for a limited period, of the penalties and surcharges caused by non-payment ...
    PanamaTax
    Morgan & Morgan
    Morgan & Morgan
  • Article

    The US Is The World's New Favorite Tax Heaven

    This Article is a slap in the face to the members of the private club called OECD and the reason Panama must continue to defend its financial services platform.
    PanamaFinance and Banking
    Morgan & Morgan
    Morgan & Morgan
  • Article

    Regulations Applicable To Tax Deductions From School Expenses

    The financial obligation of parents with their children of legal age will be until they reach 25 years-old.
    PanamaTax
    Morgan & Morgan
    Morgan & Morgan
  • Article

    La Residencia Fiscal en Panamá

    Siendo Panamá una jurisdicción cuyo sistema impositivo se basa en el Principio de Territorialidad, cuya economía gira en torno a los servicios financieros, legales, logísticos… qué política debe tener con respecto al capital extranjero?
    PanamaTax
    Morgan & Morgan
    Morgan & Morgan
  • Article

    Why Bahamas Is The Clear Choice For Financial And Corporate Services Providers?

    For myriad of good reasons apart from the gorgeous weather and waters.
    BahamasFinance and Banking
    Morgan & Morgan
    Morgan & Morgan
  • Article

    Wages And Hours In Panamanian Labor Law

    According to Panamanian law, all employees must have an employment contract with some mandatory content which cannot be replaced by a job offer.
    PanamaEmployment and HR
    Morgan & Morgan
    Morgan & Morgan
  • Article

    April 26: World Intellectual Property Day

    In the year 2000, the United Nations General Assembly designated April 26 as World Intellectual Property Day.
    PanamaIntellectual Property
    Morgan & Morgan
    Morgan & Morgan
  • Article

    China And Taiwan

    This past January 12, Taiwan held its parliamentary elections. In said elections, President Chen Shui Bian's Democratic Progressive Party, which advocates the independence of Taiwan and its participation as an independent State in the United Nations, suffered a catastrophic electoral defeat
    ChinaGovernment, Public Sector
    Morgan & Morgan
    Morgan & Morgan
  • Article

    New Requirements To Request Rehabilitation Of Permanent Residence Permits In Panama

    Copy of the passport's data page and registration stamp.
    PanamaImmigration
    Morgan & Morgan
    Morgan & Morgan
  • Article

    Economic Substance Legislation

    Belize, like other Caribbean jurisdictions, has enacted a series of laws seeking to comply with international Economic Substance requirements.
    BelizeFinance and Banking
    Morgan & Morgan
    Morgan & Morgan
  • Article

    Regulations On Accounting Records For Offshore Companies

    The physical address where the accounting records are held and the name of the person who keeps the accounting records and supporting documentation.
    PanamaCorporate/Commercial Law
    Morgan & Morgan
    Morgan & Morgan

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