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Panama Provides Amnesty Regime for Outstanding Social Security Contributions

|Approved Changes|Panama
Panama

Panama has published Law No. 215 of 6 May 2021 in the Official Gazette, which provides for the introduction of an amnesty regime for outstanding social security contributions. The amnesty regime is largely in response to the COVID-19 pandemic and includes that taxpayers with outstanding social security obligations up to 31 March 2021 will be exempted from late payment surcharges, interest, and…

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