ITBMS Tax Increases from 5% to 7% - Tomorrow
(Panama-Guide) - Telemetro - In Panama the ITBMS tax will be increased from 5% to 7% effective tomorrow, 1 July 2010, and Alberto Vallarino, the Minister of Economy and Finance, said this tax provides and will provide a "big universe of benefits." The implementation of this tax increase coincides with the date of the first year anniversary of the administration of Ricardo Martinelli.
