Taxation and Common Heritage of Mankind

Taxation and the use of the common heritage of humanity present intricate and crucial issues in contemporary discussions on global governance and sustainable development. In economic globalization and unprecedented environmental challenges, the principle of the Common Heritage of Humanity gains renewed urgency, prompting reflection on how globally shared resources—such as international waters, the atmosphere, outer […]

PANAMA’S PENSIONER VISA: YOUR GATEWAY TO A BLISSFUL RETIREMENT

Panama stands out as an ideal destination for foreign retirees seeking a comfortable and accessible retirement lifestyle. Known for its retiree-friendly policies, the country offers a Pensioner Visa that allows you to establish permanent residency if you have a lifelong pension of at least $1,000.00 per month from a foreign government, international organization, or private company.

DGI WILL SANCTION BUSINESSES FOR “PRE-BILL”

The General Directorate of Revenues WILL SANCTION commercial establishments that generate the document called “Pre-Bill”, which is usually issued in place of the invoice or the equivalent fiscal document to accredit any commercial operation, according to what is contained in Resolution 201-10585 of December 5, 2023, published in the Official Gazette 29930 of December 14, […]

WAKA WAKA OF TAXES: THE SHAKIRA CASE

If you thought that the data leak “Panama Papers” was the only scandal that has shaken the world in terms of taxes, then brace yourself, in this installment we will talk about a case that is a real Waka Waka of Taxes! And yes, we are referring to Shakira vs. the Spanish Tax Agency. For […]

EXTENSION OF THE TAX MORATORIUM UNTIL DECEMBER 30, 2023.

Through Resolution No. 201-10076 of November 14, 2023 issued by the General Revenue Directorate (DGI), published on November 29 of the same month, the deadline to apply for the tax regularization benefit, initially scheduled to end on November 30 of the current year, is extended, being the new deadline December 30, 2023. This additional term […]

New DGI sanctioning process.

WE ATTACH THE NEW RESOLUTION RELEASED BY THE MINISTRY OF ECONOMY AND FINANCE OF THE GENERAL DIRECTORATE OF REVENUE. RESOLUTION N°201-4983. From June 2, 2023 “By which the procedure is established for the application of sanctions for formal infractions or contraventions related to the obligation to issue and demand or retain receipts for non-compliance the […]