Panama's Directorate General of Revenue (DGI) has issued Resolution 201-3485 of 2 May 2023, which was published in Official Gazette No. 29775-B on 5 May 2023. Resolution 201-3485 amends Resolution 201-3346 of 13 April 2023, which revised the conditions for a taxpayer to be considered a large taxpayer. This included that a natural or legal person is considered a large taxpayer if income or assets exceed PAB 20 million. Resolution 201-3485 essentially reverts to the prior conditions, providing that the following are considered large taxpayers: Taxpayers with income greater than or equal to PAB 25 million and net taxable income...