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Panama Further Postpones Introduction of New VAT Withholding Requirements

|Approved Changes|Panama
Panama

On 21 December 2015, Panama's tax administration announced that the effective date of the new value added tax withholding requirements is postponed to 1 February 2016. The new requirements, which had already been postponed from 1 November 2015 to 1 January 2016, apply for taxpayers that have acquired goods or services of at least PAB 10 million in the previous year, and for credit and debit car…

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