Press Room

Panama

PANAMA INCREASES NATIONAL MINIMUM WAGE

December, 2019

Today December 31st, the Panamanian Government set the new Minimum Wage, which will take effect beginning on Wednesday, January 15, 2020.This represents an increase of 3.3% (average) resulting in US$ 3.38, US$ 3.58 and US$ 4.67 per hour for the more costly activities. Thus, the top minimum wage...

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PANAMA EXTENDS FILING DEADLINE FOR THE COUNTRY BY COUNTRY REPORT

December, 2019

On December 27th, Official Gazette No. 28929 enacted two Resolutions issued by the Directorate General of Revenue of the Ministry of Economy and Finance ("DGI" as per its abbreviation in Spanish), both dated December 19th, 2019. Resolution No. 201-9116 extends the filing term for the Country by Coun...

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PANAMA REGULATES LAW TO PROVIDE EQUAL OPPORTUNITIES FOR PEOPLE WITH DISABILITIES

December, 2019

In recent days, the Executive Decree N°333 of December 5, 2019 was enacted to regulate the Law N°15 of May 31, 2016, which provide equal opportunities to people with disabilities in the Republic of Panama. This regulation aims for the accessibility in public and private areas for people with disabil...

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Government of Panama Decrees Tax Amnesty

October, 2019

By means of Law 99 of October 11th, 2019, a general tax amnesty for the payment of taxes administered by the General Directorate of Revenue (“DGI” by its acronym in Spanish) was approved in Panama until February 29th, 2020.According to the supporting documents for the draft bill submitted before the...

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