Panama became a member of the inclusive framework on Base Erosion Profit Shifting (BEPS) on October 31, 2016. In joining this framework, member countries, in coordination with the OECD Committee on Fiscal Affairs (CFA), will confront tax avoidance...

The Panama Revenue Office announced the availability of an online reporting platform to be used by financial institutions required to provide information under FATCA and AEOI.

Panama signed on October 27, 2016 its adhesion to the Convention on Mutual Administrative Assistance in Tax Matters (MAC). This instrument provides for all forms of administrative cooperation between States in the assessment and collection of taxes.

The Panamanian Government with the aim of improving the competitiveness of the international services industry in Panama and, at the same time, comply with international standards for the effective exchange...

The Panamanian Government recently approved a bill that establishes an incentive program to recover and promote the conservation of natural forests.

Panama is one of the fastest growing and most dynamic economy in Latin America, with GDP growth of 6.0 percent in 2015 and estimated 6.3 percent in 2016. All of this growth has become a challenge for the energy sector by demanding more electricity and new energy sources.

El pasado 25 de octubre de 2016 se publicó en Gaceta Oficial el Decreto Ejecutivo No. 390 del 24 de octubre de 2016, a través del cual se reglamenta el principio de libre competencia para propósitos de la normativa fiscal de precios de transferencia, y cuya efectividad es a partir del 1 de enero de 2017.