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

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×