27 March 2018

European Union publishes commitment letter on taxation received from Panama

On March 12, 2018, the European Union published a compilation of commitment letters1 on taxation received from various jurisdictions, including Panama.2 Panama stated in its letter that it is committed to amending its call center regime before December 31, 2018. The expected changes consist of eliminating the "ring-fencing" features contained in the regime.

A follow up Tax Alert will be issued regarding the amendments made to Panama's call center regime.

———————————————

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

———————————————
ENDNOTES

2 Other jurisdictions published on the same date are the following: Guernsey, Isle of Man, Morocco, New Caledonia, Qatar, Serbia, Tunisia, Uruguay, Aruba, Belize, Cook Islands, Jersey, Mauritius, San Marino, Greenland, Albania, Faroe Islands, Macedonia, Liechtenstein, Nauru, Oman, Peru, and Bosnia and Herzegovina.

Document ID: 2018-0672