The ABC Of The Tax Amnesty In Panama Law 99 Of 2019

Author:Morgan & Morgan
Profession:Morgan & Morgan

With this new legal initiative, the taxpayers have the opportunity to clear tax debts without interests, surcharges and fines and to file forms past due without penalties.

Taxes included

Those managed by the Revenues General Directorate

What does the tax amnesty refer to?

Condonation of: Interests Surcharges Fines Tax Amnesty Term

If paid Condonation % by Nov 30 100% By Dec 31st 95% By Jan 31st 90% By Feb 28th 85% Reports due to the DGI can be filed until Dec 31st, 2019 without triggering a fine:

Donations Report NGO's Report Form 03 Form 40 on Retirement Fund Form F-41 insurance companies Form 42 interests certification Form 43 Purchases Report Credit Cards sales Report F-44 F930 Transfer Pricing Report Remittances Abroad Report for SEM and Panama Pacifico Companies. Others which establish a fine for late filing Payment Arrangements


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