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TAX LEGISLATION AND PRACTICE - Coggle Diagram
TAX LEGISLATION AND PRACTICE
Income tax
Tax declarations, reports and settlements
Every taxpayer is obliged to present, personally or through
attorney or representative, an affidavit of income.
Exemptions and deductions
Payment, withholdings and prescription of the tax
Object, subject and tax rate
The taxable income that is produced is subject to this tax,
any source, within the territory of the Republic of Panama.
Real estate tax
Object, subject and tax rate
All the land and buildings located in the
territory of the Republic.
Date and places of payment of the tax and its prescription
The tax corresponding to one (1) year may be paid in three (3) installments or items.
Sanctions
Violators of the provisions of this Title will be sanctioned with a fine not less than B / .25.00 nor greater than B / .500.00
ITBMS
Purpose of the tax
Property Transfer Tax
Corporales Furniture and the Provision of Services in Panama.
Tax base and rate
Tax subject
Natural, legal staff
Import and export tax
Legislation study
Benefits of the law all people who
export non-traditional goods produced or processed in whole or in part
Rights and obligations
Title VII of the Third Book of the Tax Code identifies three types of customs offenses: misdemeanors, fraud and contraband.
Tax returns
Foreign legislation
The main rules are contained in the tax code (third book and title II
of the seventh book )