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Panama Introduces Tax Amnesty Bill to Provide Relief for Taxpayers and Withholding Agents

  • Panamanian Ministry of Economy and Finance presented a bill for an amnesty period for taxpayers
  • Measures include allowing withholding agents to pay arrears directly to the DGI
  • Amnesty applies to interest and surcharges on various taxes
  • Amnesty also applies to individuals, entities, and real estate owners in arrears
  • Taxpayers paying total balance, including fines, exempt from additional penalties

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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