(PRnoticiaspanama) The countries of Panama and Costa Rica, signed a strategic alliance to strengthen the management of micro and sustainable businesses that contribute to job creation in frontier territories of both nations. The bi-national project called "Inclusive Production Chain Border Territories" was agreed by a cooperation agreement signed between the governing … [Read more...]
Panama Free Trade Zone transactions climbing
(Newsroom Panama) Panama"s Free Zone registered commercial transactions of $8,076 million, until the end of July, about $2,202 million more than the same period last year, said a Friday report from the Ministry of Economy and Finance (MEF). Principal destinations highlightred were: Puerto Rico sold $ 1,987 million, Venezuela at $1.239 million, followed by Colombia with … [Read more...]
Panama ‘categorically’ rejects tax haven label
(AFP) The Panamanian government "categorically" rejected Saturday French President Nicolas Sarkozy's "unfair" and "offensive" characterization of the country as a tax haven. "Panama is not a tax haven," said Panamanian President Ricardo Martinelli. "I assume this must have been a mistake and I hope that in the coming days, when his ministers teach him that Panama does not … [Read more...]
Panama gets off OECD graylist
(Prensa.com) Panama managed to leave the "gray list" of the Organization for Economic Cooperation and Development (OECD) and remove the label of tax haven that this body had hung for over a decade. To achieve the goal Panama signed the 12 agreements that required him to be excluded from the list, 11 of them were agreements to avoid double taxation, and 1 for the exchange of … [Read more...]
Panama and France sign double taxation treaty
(Prensa.com) Vice President Juan Carlos Varela signed this Thursday a double taxation agreement with France in a ceremony at the Bolivar Room in the Ministry of Foreign Affairs. The agreement was signed on behalf of France by Hugues Goisbault, the ambassador to Panama. According to the ministry, with this agreement, Panama has now signed 12 tax treaties, which exceeds … [Read more...]