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Panama Reduces Computer Tariffs

by Mike Godfrey, TaxNews.com, Washington

01 September 2010


The Panama Cabinet Council has approved a decree amending a group of national import tariffs.

The proposal, presented by the minister of trade and industry, Henriquez Roberto, aims to unify the majority of products under one tariff, reduce costs and clarify customs procedures so that customs officials do not need to exercise discretion in their interpretation of the rules.

Henriquez added that a zero import tariff on computers, printers and ink, will apply on items not exceeding a price of USD1,000.

This measure is closely related to the recent decision by the administration of Ricardo Martinelli of gifting a computer to each student throughout the country.

TAGS: tax | tax incentives | commerce | tariffs | e-commerce | import duty | trade | Panama

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