Panama's National Assembly is currently considering a draft bill submitted in July 2018 that includes measures for the introduction of new rules for intangible assets income that are compliant with the modified nexus approach of BEPS Action 5. The bill also includes provisions to impose transfer pricing obligations on taxpayers that carry out operations with related parties operating within a preferential regime, including in special economic areas and zones, as well as on taxpayers operating within a preferential regime, even if they are exempt from tax. With respect to the new rules on intangible assets, the bill does not introduce...