Panama Further Postpones Introduction of New VAT Withholding Requirements
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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