Supreme Court Will Decide Municipal Tax Issue

 

(Panama-Guide) Alejandro Moncada Luna, the Supreme Court judge, will be the speaker on the application for annulment filed by the Ministry of Economy and Finance (MEF) against Municipal Agreement 162.

 

 

Moncada Luna will analyze whether or not to agree with the suspension of the application of these new Municipal Taxes, as requested by the MEF, in the application for annulment. Municipal Agreement 162 establishes new taxes on businesses that are higher than the current tax rates, which are due to take effect next April. (El Siglo)

 

 

Editor's Comment: As I have said before, I think these new municipal taxes are DOA. It's just a matter of time before the paperwork is done. There's no way this ends up being a reality. The fight is over already.