Panama News

OECD Reports Progress On Harmful Tax Regimes Work

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 23, 2018

Releasing a progress update, the OECD said international efforts to curb harmful tax practices and prevent the misuse of preferential tax regimes are having a tangible impact worldwide. Read Full Story

IMF: Panama Should Improve Tax Transparency

by Mike Godfrey, Tax-News.com, Washington

Friday, October 12, 2018

The Panamanian Government's failure to fully embrace the international tax transparency agenda could lead to "reputational damage" for Panama, the International Monetary Fund has warned. Read Full Story

EU Removes Bahamas, Saint Kitts From Tax Blacklist

by Ulrika Lomas, Tax-News.com, Brussels

Monday, June 4, 2018

The EU on May 25 removed the Bahamas and Saint Kitts and Nevis from its list of non-cooperative tax jurisdictions. Read Full Story

Panama Updates Transfer Pricing Reporting Form

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 27, 2018

Panama's General Revenue Directorate has released a new version of its transfer pricing Form No 930, which must be used to present information on the pricing of cross-border transactions between related parties. Read Full Story

Time For Latin America, Caribbean To Hike Tax: World Bank

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, April 19, 2018

With economic recovery being reported in Latin American and Caribbean states, a new World Bank report says governments must now look to fiscal policy to reduce their deficits. Read Full Story

OECD Releases New CRS Tax Transparency Standard Handbook

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 6, 2018

On April 5 the OECD released a new edition of the Common Reporting Standard Implementation Handbook and announced a number of territories have agreed relationships with others to automatically exchange tax information, including Panama. Read Full Story

EU Announces Sanctions For 'Blacklisted' Countries

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, March 22, 2018

The European Commission is to take steps to ensure that EU external development and investment funds cannot be channelled or transited through entities in countries included on the EU's "blacklist" of non-cooperative tax jurisdictions. Read Full Story

EU Makes Changes To Tax Blacklist

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, March 14, 2018

The EU has removed three countries from its list of non-cooperative tax jurisdictions and added a further three. Read Full Story

EU Committee To Consider VAT Response To Paradise Papers

by Jason Gorringe, Tax-News.com, London

Wednesday, February 28, 2018

Value-added tax avoidance will be considered by a new EU anti-tax avoidance committee, the creation of which is expected to be endorsed at an EU parliamentary plenary on March 1, 2018. Read Full Story