Taxation
We provide practical advice through the creation of tax structures that integrate all the relevant elements to manage tax consequences of every type of transaction. Our tax advisors provide counseling regarding local tax law and have expertise in strategic tax planning.
Learn about the significant initiative implemented by Law 129 of 2020 and Executive Decree No. 13 of 2022, which established the Single and Private Registry of Final Beneficiaries of Legal Entities (RUBF) in Panama. Understand how this registry promotes transparency in the financial system, combats money laundering, and strengthens the integrity of the country’s business system. Discover the required information that resident agents must provide and the role of the Superintendency of Non-Financial Subjects in administering and safeguarding the RUBF.
Learn about the recent Decree No. 147 of May 26, 2021, which mandates all taxpayers, including individuals and legal entities, to issue invoices or equivalent documents for legitimizing their operations. Discover the exemptions for liberal, artisan, and artistic professions, as well as lawyers who can opt for the Electronic Billing model instead of using fiscal printers.