In Panama, the National Assembly approved extending until June 30, 2019, the deadline for taxpayers to pay the real estate tax, free of interest and surcharges.

The meeting provided a two-way tool by allowing taxpayers a more convenient period to catch up with their debts and the General Revenue Directorate to make the relevant collections that today are uncollectable by lack of knowledge of people, explains a statement from the National Assembly.

Congressman José Antonio Domínguez told Prensa.com that “… the extension of the moratorium until June arises because of the delay at the National Land Administration Authority (Anati). Taxpayers who take advantage of the moratorium must update the cadastral value of the property, while those who are constituting their property as tributary family patrimony to have the first $120,000 of the value of the property exonerated must update the generals of the property, but not the cadastral value.”

Dominguez added that “… There have been problems with Anati. They have not complied with the times for Panamanians to pay taxes,’ if they do not speed up the proceedings in the entity, the deputies could request new extensions of the moratorium.”

If the president of the country approves the bill approved by the Assembly, it would be the third moratorium, since in 2017 and 2018 others had already been authorized.