Tax Moratorium in Panama

Law 99 of October 11, 2019 grants a moratorium for the payment of interests, surcharges and fines due to lack of payment of taxes of legal entities, natural persons and real estate property.

The moratorium is valid for taxes due up to June 30th, 2019 and is valid until February 29, 2020.

  •  Payments made during October and November 2019, are exempt of 100% of interest, surcharges and fines.
  • Payments made during December 2019, are exempt of 95% of the interest, surcharges and fines.
  • Payments made during January 2020, are exempt of 90% of the interest, surcharges and fines.
  • Payments made during February 2020, are exempt of 85% of the interest, surcharges and fines.


If you have pending obligations, Patton, Moreno & Asvat will be pleased to assist you, so you can take advantage of this moratorium.

 

Please do not hesitate to contact us at mmarengo@pmalawyers.com if you require further information.

 

PATTON, MORENO & ASVAT