News
CONSUMERS MAY PAY CASH TO RIDESHARING COMPANIES
January, 2020
Recently, the Supreme Court of Justice of the Republic of Panama issued a ruling in which it declared void for illegal the prohibition of the payment in cash for the transport services offered through ridesharing companies. This prohibition had been established in 2017 through Executive Decree 331,...
Read moreANTICIPATED DECLARATION IN EL SALVADOR
January, 2020
El Salvador along with Guatemala will implement on January 23 of this year, the Anticipated Declaration of Goods. This is the first system of Anticipated declaration that is implemented in Central America and it is expected that in the short term it will be integrated with the other countries of the...
Read moreNON-OPERATIVE COMPANIES IN COSTA RICA
January, 2020
In 2020, entities incorporated in the country having no income of Costa Rican source must register before the Tax Authorities and submit a yearly equity statement to the Tax Authorities.Regulation number DGT-075-2019, published in The Gazzete on December 20, 2019, establishes the obligation to regis...
Read morePANAMA INCREASES NATIONAL MINIMUM WAGE
December, 2019
Today December 31st, the Panamanian Government set the new Minimum Wage, which will take effect beginning on Wednesday, January 15, 2020.This represents an increase of 3.3% (average) resulting in US$ 3.38, US$ 3.58 and US$ 4.67 per hour for the more costly activities. Thus, the top minimum wage...
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