Law No. 295 (25 April 2022)—which becomes effective 1 January 2023—provides an exemption from the payment of the selective consumption tax (currently set at 5%) for electric vehicles until 31 December 2030.
Source: KPMG
Latest Posts in "Panama"
- Panama Strengthens Electronic Invoicing Compliance with New SFEP Resolution
- DGI publishes new requirements for the Free Biller e-invoicing system
- Panama Updates E-Invoicing Eligibility: New Revenue and Document Limits Effective January 2026
- Tax Authority Updates Rules for Accessing Free Electronic Invoicing System
- Panama: Updates on the E-Invoicing Platform