Panama’s Ministry of Economy and Finance, through the DGI, has implemented new urgent tax obligations that impact the country’s taxpayers.
Through Resolution No. 201-4984 of 12 July 2022 (and ratified by Resolution No. 201-4393 of 21 July 2022), Panamanian taxpayers must comply, prior to 31 August, with the following obligations:
- Register with the DGI a Certified Public Accountant (CPA) to be responsible for financial information and signatory of documents,
And, - Register/update the status of resident agent.
These are urgent and important obligations, as if they aren’t fulfilled within the indicated deadline, the taxpayer can’t submit documents to the Tax Administration and therefore will be non-compliant.
Our team of professionals in Panama is on hand to support those who need to implement these procedures or if you would like further information on these new obligations.
Local Knowledge – International Coverage
Founded in 1979, Auxadi is a family-owned business working for multinational corporations, private equity funds and real estate funds. It’s the leading firm in international accounting, tax compliance and payroll services management connecting Europe and the Americas with the rest of the world, offering services in 50 countries. Its client list includes many of the top 100 PERE companies. Headquartered in Madrid, with offices in US and further 22 international subsidiaries, Auxadi serves 1,500+ SPVs across 50 jurisdictions.
All information contained in this publication is up to date on 2022. This content has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice.No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this content, and, to the extent permitted by law, AUXADI does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.