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Panama Supreme Court Holds Transitional Provision of Law Amending Tax Credit Incentive for Investments in the Tourism Sector is Unconstitutional

|Approved Changes|Panama
Panama

Panama's Supreme Court of Justice has ruled on the constitutionality of Law 314 of 2022, which amended the tax credit incentive granted for investments made in the tourism sector. As previously reported, the tax credit incentive was originally provided at a rate of 50% by Law 80 of 2012 to promote investment in tourism, including investments outside the District of Panama in particular. The inc…

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