PANAMA: REVISED GUIDANCE, APPLICATIONS FOR RULINGS FOR TAX TREATY BENEFITS

A resolution was published in Panama’s official gazette in September 2015 replacing and “repealing” an August 2015 resolution, concerning how taxpayers may seek a ruling from the tax authorities as to whether benefits under income tax treaties for the avoidance of double taxation apply to the taxpayer’s specific transaction or situation.

Resolution No. 201-15144 generally revises the process for taxpayers seeking a ruling concerning the application of tax treaty benefits to their transactions or situations.

Read an October 2015 report (English) [PDF 511 KB] (Spanish) [PDF 476 KB] prepared by the KPMG member firm in Panama: Application of benefits of conventions to avoid international double taxation