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TAX LAW - Coggle Diagram

- - - - includes
        
        Assets received by way of inheritance, legacy or donation.
        
        The taxable net income of natural persons not exceeding Three Thousand Balboas per year.
        
        Revenues from international maritime trade from domestic merchant vessels.
        
        The amount of the second item of the thirteenth month.
        
        Those of natural or legal persons who are exempt from payment of the tax.
  - - - taxpayer
        
        It is a natural or legal person; a national or foreign person.
        
        statements
        
        You must file an affidavit of income you earned during the previous taxable year.
        
        reports
        
        On forms drawn up by the Directorate-General for Revenue.
        
        1 more item...
        
        deadines
        
        For natural persons, until 15 March.
        
        For legal entities, until 31 March.
        
        taxable income
        
        This is the difference or balance that results from deducting deductible expenses and expenses from your gross income or general income.
        
        gross income
        
        It is the total, without deducting any sum, of the taxpayer’s income in money, in kind or in securities.
        
        1 more item...
- - - - Exceptions
        
        Intended for cults permitted by the State.
        
        Intended for public charity or social assistance.
        
        Those of the State, the Municipalities and the Associations of Municipalities.
  - - - place
        
        Collection office
      - Sanctions
        
        Fine not less than B/. 25.00 and not more than B/. 500.00.
- - - - Financial law.
        
        Object
        
        Structure and management of public assets aimed at income generation.
      - Right to public credit.
        
        peculiarities
        
        The similar lending operations.
        
        The advances and the credits.
        
        Public borrowing and lending.
      - Tax law.
        
        is divided into
        
        Material tax law.
        
        Formal tax law.
        
        Tax law in Panamá
        
        The tax relationship is one that obliges one person to pay tribute to another, and allows that person to collect from that person.
        
        Subject
        
        Taxable person: the taxpayer.
        
        Active Subject: the State.
        
        Tributos
        
        Taxes.
        
        Rates.
        
        Special contributions.
      - Budgetary law.
        
        includes
        
        Legal and political aspects.
        
        Legal and financial aspects.
    - - the management of these resources
      - The expenditure that is made of these resources for the maintenance of public services.
      - The earning of income.