News

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 […]

Law 186 of December 2, 2020 and Executive Decree 93 of August 20, 2021 (hereinafter both the “Regulations”) creates the regimen for Entrepreneurial Companies and seek to create a new type of legal entity who: (i) facilitates the formalization of companies through a simple registration system and; (ii) grants tax benefits to entrepreneurs. The incentives […]

Law 212 of April 29th, 2021 and Executive Decree 90 of July 9, 2021 (hereinafter the “Regulations”) are intended to protect credit and creditors against insolvency situations originated during the state of national emergency or on the occasion of this, through a conciliatory process for the reorganization of companies, called the Reconciled Reorganization Process, in […]

Law 93 of September 19, 2019 and Executive Decree 840 of December 31, 2020 (hereinafter the “Regulations”) are intended to create and establish the operating procedure of the Public-Private Partnerships regime for the development of the private investment, as well as the social development by promoting the development of infrastructure and public services in the […]