On 8 September 2015, Panama published Resolution No. 201-15144 in the Official Gazette. The resolution replaces the resolution on claiming treaty benefits issued in August 2015 ({News-2015-08-27/A/2- previous coverage}). The new resolution includes requirements that are largely unchanged from the previous resolution, but provides additional details on the procedures if a taxpayer fails to submit necessary documentation, such as the certificate of residence of the beneficiary, Proof of payment for the transaction, etc. In such case, the documentation must be provided within 2 months of the initial request, after which the tax authority will make its decision on whether to...