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Panama's taxman aims to make the pips squeak

Friday, April 20, 2018


Panama has the lowest rate of tax collection in relation to GDP in Latin America and income tax exemptions for individuals and companies cost the State $727 million in 2016, says  Publio Cortés, general director of income.

Now Cortés aims to reach the regional average of collection, and recommends reviewing the exemptions.

Source: Newsroom Panama