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Please be advised that the Panamanian Tax Authority (Dirección General de Ingresos – DGI) has recently implemented the application of the sanction identified as “318 – Tax Penalty” in the amount of USD 500.00 with respect to corporations that did not formally complete the Taxpayer Registry (Registro Único de Contribuyentes – RUC) update procedure, a filing that must be carried out before the corresponding tax authority.

The Panama Canal marks 111 years with a vision for the future. The ACP is pursuing projects including new ports, an energy corridor, a road ring, and water security initiatives, with an $8 billion investment plan.

Food labeling is a vital tool for consumer health and safety. Beyond ingredients, it provides nutritional details, allergen warnings, and legal guarantees. Panama is advancing with the EFAN law to strengthen consumer protection.

The Colon Free Zone has launched a Single Window system to centralize procedures, cut costs, and modernize trade facilitation. This innovation enhances Panama’s competitiveness as an international logistics hub.

Puerto Armuelles is being transformed into a modern multipurpose port to drive economic growth in western Panama. With new infrastructure, investment, and job creation, it aims to become a key Pacific logistics hub.

Panama’s Administrative Career system seeks to depoliticize public service and ensure continuity through merit-based hiring and promotion. It offers stability, training, and institutional memory, though challenges remain with political influence.

The global minimum tax, led by the OECD and G20, reshapes international corporate taxation. With its Two-Pillar Solution, it addresses profit shifting, strengthens transparency, and sets a 15% minimum corporate rate worldwide.

The employment contract in Panama is not only a legal requirement but also a safeguard for both employers and employees. It defines rights, obligations, and benefits, ensuring legal certainty and social protection.

Panama’s Social Security Fund launched the “My Secure Retirement” tool, enabling beneficiaries to digitally calculate and compare benefits. This innovation helps users evaluate options across subsystems and make informed decisions about their retirement.

Panama enacts Law 474 to strengthen its criminal justice system against sexual crimes. The law increases penalties for offenses against sexual freedom and integrity, mandates victim consultation in plea deals involving vulnerable victims, and allows for technological tools to protect victims during proceedings.

Panama’s new status as an Associated State of Mercosur marks a strategic milestone for regional integration and economic growth. The country will benefit from increased trade opportunities, foreign investment, and participation in regional policies with Latin America’s largest economies.

Panama’s new Law 471 creates a special regime for workers and independent producers in the banana sector, granting economic benefits, early retirement, and special pensions. Discover the main requirements and how it improves social security in the industry.

Law 458 of 2024 marks a milestone in Panama’s fight against human trafficking. The law expands definitions, enhances victim protections, introduces corporate liability, and strengthens institutional coordination—reinforcing Panama’s commitment to human rights.

Panama celebrates a milestone achievement: the country is officially off the EU’s grey list and the FATF grey list, thanks to strong legal reforms, public-private cooperation, and technological advances. Learn why this matters for the nation’s economy and international trust.