Inflation Awaits Panamanians After Carnival

(Panama-Guide) - Source: TVN Noticias- After Carnival, during which time many people partied with money they should have been using to pay their monthly bills, what awaits many Panamanians is a general increase in the cost of living thanks to the tax reforms currently being discussed by the National Assembly. Soon the ITBMS tax will increase from 5% to 7%, which in turn will make almost everything more expensive, although the government insists the tax is only directed at those who have more money.