Panama has published Law No. 70 of 31 January 2019 in the Official Gazette, which includes measures making tax fraud a criminal offense. The measures provide that where fraudulent actions are taken to avoid the payment of tax and such defrauded amounts are in excess of PAB (USD) 300,000 in a fiscal period of one year, then the action will be considered criminal tax fraud that may result in imprisonment of 2 to 4 years, as well as fines of 1 to 3 times the amount defrauded. This applies where fraudulent actions are taken for a person's own benefit or...