Tax Reform Goes To The Assembly
(Panama-Guide) By Carlos Estrada Aguilar for La Critica - According to Panama's Minister of Economy and Finance, Alberto Vallarino, the Panamanian tax system has enormous distortions, exemptions, loopholes and evasions, it is necessary to address these situations before trying to reform the system. Minister Alberto Vallarino presented last night before the National Assembly a bill that aims to raise $250 million in revenues by broadening the tax base for existing taxes on things such as the ITBMS, the warnings of operations, and taxes on dividends.
