Economy & Business - March 2010 (ISSN 1741-7430)

PANAMA: Congress approves tax reform

Central America & Caribbean 31 March 2010 Modified: 31 March 2010 193 views

On 12 March the national assembly approved a tax reform which the government claims will increase annual revenues by US$200m. The main element in the reform is an increase in Value Added Tax (VAT). The government claims that wage earners will be the big beneficiaries of the reforms.

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