Archive for Mayrolis

Agreement No. 01 of November 25, 2021 (hereinafter the “Regulation”) regulates Microinsurance, who was originally defined in numeral 23 of article 23 of Law 12 of April 3, 2012 (known as the “Insurance Law”). Microinsurance is defined as the financial mechanism whose purpose is to protect low-income individuals against specific risks, such as accidents, illnesses, […]

Through Law 254 of November 11, 2021 (hereinafter the “Regulations”), Panama continues to take steps forward in the fight against money laundering, preventing tax evasion and its compliance with international standards by amending certain aspects of Law 23 of 2015 (better known as the Anti-Money Laundering Law) and other laws related to the exchange of […]

Resolution No. 201-10011 of October 20, 2021 (hereinafter the “Regulations”) implements a Report on sales and provision of services through Form No. 1027. The General Directorate of Revenue deems the adoption of a new form is necessary to guarantee the necessary means for taxpayers to comply with the adequate reporting of their obligations while also […]