OrbitaxTaxation of dividend or distribution payments amended effective 17 September 2009
|Approved Changes|Panama
Law 49 of 17 September 2009 introduced major amendments with regard to the taxation of dividends or distribution payments. As of 17 September 2009, companies having a commercial and industrial permit (Aviso de Operación) must withhold tax on dividends or distribution payments at the rate of:
| - | 10%, if the amounts paid cor… |
