New Tax Law burdens indirectly over some offshore activities of Panamanian Corporation: Accurate considerations
Thursday, September 24th, 2009With the approval of Law 49 in the evening of September 17, 2009, the lately elected Government of the Republic of Panama with the purpose of increasing their incomes, has taken legal measures that burden directly some of the abroad (Offshore) activities of the Panamanian Corporations, stepping away from the notion of territoriality which for so many years has been the governing rule of the Panamanian tax legislation.
