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LatinNews Daily - 14 April 2021
In brief: Panama’s tax take exceeds expectations
* Publio de Gracia, the director of Panama’s tax authority (DGI), has presented new figures which show tha the central government’s tax take in the first quarter of 2021 totalled US$1.3bn, a 39.4% increase on the amount budgeted for the period. However, De Gracia said that this still represents a 6.9% fall on the first quarter of 2020 - indicative of the impact of the coronavirus (Covid-19) pandemic which resulted in Panama’s GDP contracting 17.9% in 2020, the deepest economic contraction in Central America last year.
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