A Resolution issued by the Panama Tax Authority establishes the procedure for applying penalties that lead to the temporary closure of commercial establishments that fail to comply with the obligation to issue and/or keep invoices or receipts.The new procedure aims to generate greater transparency in the processes of tax compliance control.The Panama Tax Authority issued Resolution No. 201-4983 on 2 June 2023, implementing a procedure for applying penalties for failure to comply with obligations to issue, demand and/or keep invoices or receipts, based on the paragraph 3 of article 11 of Law No. 76 of 1976.In applicable cases, the Tax...