Panama's National Assembly is considering draft Bill No. 844, which was submitted on 1 August 2022 and provides for the repeal of the tax credit incentive for investments in the tourism sector. The tax credit was originally provided at a rate of 50% by Law 80 of 2012 to promote investment in tourism, including investments outside the District of Panama in particular. The credit was provided for investments made through the purchase of bonds, shares, and other nominative instruments issued by a tourism company. The incentive was subsequently extended to the end of 2025 by Law 122 of 2019, which...