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September 5, 2017

Panama's Tax Authorities further extend first FATCA reporting date for Panamanian financial institutions to September 8, 2017

Panamanian financial institutions have been granted extra time for their first FATCA reporting. The new deadline is September 8, 2017.

Panama's Tax Authorities issued Resolution No. 201-5054, extending the first reporting date established in Executive Decree No. 124 for Foreign Account Tax Compliance Act (FATCA) purposes to September 8, 2017. Resolution No. 201-4488 previously extended the first reporting date from July 31, 2017 to August 31, 2017. (For more details about Resolution No, 201-44881, see Tax Alert 2017-1255.) The information to be reported in 2017 corresponds to calendar years 2014 to 2016.

For information related to calendar year 2017 and thereafter, to be filed in 2018 and subsequent years, the deadlines originally set forth in Executive Decree 124 of 2017 will continue to apply.


Contact Information
For additional information concerning this Alert, please contact:
Ernst & Young Panama
Alexandre Barbellion+506 2208 9841;
Rafael Sayagués+506 2208 9880;
Luis Ocando+507 208 0144;
Isabel Chiri+506 208 0112;
Latin American Business Center, New York
Pablo Wejcman(212) 773-5129;
Ana Mingramm(212) 773-9190;
Enrique Perez Grovas(212) 773-1594;
Latin American Business Center, Europe
Jose Padilla+44 20 7760 9253;



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