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Panama

PANAMA APPROVES REMOTE WORKING LAW

February, 2020

By Law No. 126 of February 18, 2020, the Republic of Panama approves the remote working Law.The teleworking contract implies the development of the usual tasks to be carried outside the company's facilities and must contain the minimum requirements established in the Labor Code. Additionally, it mus...

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Panama Modifies Incentives for Tourism Activities

February, 2020

By means of Official Gazette No. 28,932-A, Law 122 of 2019 (“Law 122”) was enacted, modifying Law 80 of 2012 (“Law 80”), which sets out incentive provisions for the promotion of touristic activities in Panama. Law 122 modifies article 9 of Law 80, broadening the benefits granted to those who in...

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PANAMA FURTHER EXTENDS FILING DEADLINE FOR COUNTRY BY COUNTRY REPORT

February, 2020

On January 31st, 2020, Official Gazette No. 28952-A enacted Resolution No. 201-1035, issued by the Directorate General of Revenue of the Ministry of Economy and Finance ("DGI" as per its abbreviation in Spanish), which extends until February 15th, 2020 the deadline for filing the Country by Country...

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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,...

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