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08 November 2018 Panama’s National Assembly approves bill for calculating income subject to preferential tax treatment under an IP regime Panama’s National Assembly approved a bill that establishes the method for calculating income derived from the “transfer or exploitation” of intellectual property (IP) assets. For more information on the bill, see EY Global Tax Alert, Panama’s Minister of Economy and Finance proposes bill for calculating income subject to preferential tax treatment under an IP regime, dated 28 August 2018. The Minister of Economy and Finance proposed the bill on 16 July 2018. The bill then went through three separate debates in the National Assembly, as required by the Constitution. The approved bill maintains all the provisions established under the proposed bill, but also establishes that transfer pricing rules will apply to entities that perform activities under preferential tax regimes from fiscal year 2019. Ernst & Young Limited Corp., Panama City
Ernst & Young, S.A., San José
Ernst & Young, LLP, Latin American Business Center, New York
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific
Document ID: 2018-6312 |
