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Panama Introduces Temporary Tax Payment Agreements, Allows Amended Return Filing, and Extends Tax Amnesty

22 November 2022

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Approved Changes

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Panama

Panama published Law No. 337 of 14 November 2022 in Official Gazette No. 29662-A, which established a temporary option for taxpayers to enter into tax payment agreements with the Directorate General of Revenue (DGI) in relation to tax debts that are currently under audit or inspections. According to a release from the Ministry of Economy and Finance, the opportunity for tax payment agreements is meant to improve collection and is available for both natural and legal taxpayers as long as they do not face investigation or conviction for tax evasion. In addition to the tax payment agreement measures, Law No....