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Moving to Panama Do you want to move to Panama and want to take your household goods with you? The good news, domestic goods can be imported duty-free. But first of all, what are household goods, according to the Panama Customs authorities? The term household goods can refer to the bed, the washing machine, the dryer, the dishes, the dining room table, the sofa, overall the furniture and accessories of the home. The goods must be used and be seen used. Construction equipment, commercial tools/equipment, motorcycles, trailers, new items, and other non-domestic goods will be taxed. Wha
Law No.99 of 11th October 2019 provides exemptions of penalties, interest or fines generated for non-payment of annual franchise tax to the government. Natural or juridical persons (companies/foundations) have until 28th February 2020 to settle taxes without paying said penalties, interest or fines. Take advantage of this and bring your companies into goodstanding with the Panamanian government. I can assist you to apply for said exemptions at DGI. Contact me at firstname.lastname@example.org or by text mesage to whatsapp (+507) 6738-6253.
On March 14th, 2018, in a matter of minutes, the public announcement regarding the closing down of the law firm, which played a leading role in the well-known "Panama Papers", is being published worldwide. The law firm Mossack Fonseca & Co., Bufete MF & Co. or Grupo Mossack & Fonseca has closed its activities on the 30th of April, 2018, in all of its branch offices around the world, including its head quarter in Panama City. In Panama, the "offshore" incorporation and financial business sector is an important pillar for the national economy, and sustains almost 50% of the service s
What are the current annual taxes for a Private Interest Foundation? Thanks.