Press Room

Panama

PANAMA LEGAL TASK FORCE COVID-19 - UPDATE #10 MORE MONEY FOR PROCUREMENT

April, 2020

The Government of Panama, by Cabinet Resolution No.18 of April 2, 2020, expanded the National Declaration of Emergency increasing extraordinary procurement from US$50 million to nearly US$428 million, to reinforce the fight against COVID-19 and allow social assistance as per the Protégete Panama Pla...

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PANAMA IMPLEMENTS SYSTEM TO PROTECT THE PRIVATE INFORMATION OF FINAL BENEFICIARIES OF LEGAL ENTITIES

March, 2020

Through Law No. 129 of March 17, 2020, (hereinafter “the Law”) it has been approved the transfer of the custody of the information on the identity of the Final Beneficiaries of legal entities (hereinafter “the Law”) to the Superintendence of Non-Financial Subjects (hereinafter “Superintendence”). Th...

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PANAMA LEGAL TASK FORCE COVID-19 - UPDATE #9

March, 2020

The Panamanian Government has tightened mandatory quarantine throughout the national territory to reduce mobility by 50%; thus, from Wednesday, April 1, women and men will move on different days, prohibiting absolute mobilization on Sunday. We summarize the official mandate as follows:Work Perm...

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PANAMA ADOPTS TAX MEASURES DUE TO COVID-19

March, 2020

In relation to the state of emergency declared by the Government of Panama, Law No. 134 of 2020 (“Law 134”) was enacted, bringing forward the entry into force of two articles of the Tax Procedure Code, allowing the Executive Branch to suspend totally or partially the application of tributes of any k...

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