Jump to content
Sign in to follow this  
Moderator_02

Tax exemptions cost Panama $727 million

Recommended Posts

Quote

Tax exemptions cost Panama $727 million

tax-1-600x264.jpg
Post Views: 196
 
PANAMA  has the lowest rate of tax collection in relation to the GDP in Latin America and income tax exemptions for individuals and companies cost the State of $727 million in 2016, says  Publio Cortés, general director of income.

Thet sacrifice has increased in recent years,  In the fiscal year 2014, the figure was $500 million.

Cortés said told La Prensa that to reach the regional average of collection, he recommends reviewing the exemptions – about 110, according to a previous report by the Ministry of Economy and Finance- and fighting tax evasion with more tools.

 

http://www.newsroompanama.com/news/panama/tax-exemptions-cost-panama-727-million

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×
  • Create New...