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Friday, May 24 2019 @ 01:05 PM UTC

LAW 45 – GOOD TIME TO GET UP TO DATE WITH YOUR TAXES

Money MattersLaw 45 of 2009 has come into effect creating a tax moratorium or tax holiday allowing anyone with past due taxes to get up to date without being penalized by fines and interests. This law applies to all taxes attributed to the Ministry of Economy and Finance and the General Revenue Agency (Direccion General de Ingresos - DGI). The benefits can be applied for all taxed due up to the 30th of June 2009 and taxpayers have until the 31st of December 2009 to take up this one time offer y the government. So if you have some due back taxes and are worried that they may come back to haunt you in the future, take advantage of Law 45. By Gonzalo de la Guardia, Panama Relocation Attorneys, gonzalodelaguardia@prapanama.com
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