Public Limited Companies: Penalties for Late Payments


News from Panama

In Panama, the General Revenue Directorate (DGI) announced that it will suspend corporations that for the term of three consecutive years or more, have not made the payment of the single tax. According to the General Revenue Directorate (DGI) of the Ministry of Economy and Finance (MEF), the authorities are currently updating the list of legal entities […]

March 22, 2021

Panama, Government of — Moody’s downgrades Panama’s ratings to Baa2, changes outlook to stable


News from Panama

Moody’s downgrades Panama’s ratings to Baa2, changes outlook to stableGlobal Credit Research – 17 Mar 2021New York, March 17, 2021 — Moody’s Investors Service, (“Moody’s”) has today downgraded the Government of Panama’s long-term issuer and senior unsecured debt ratings to Baa2 from Baa1, and Panama’s senior unsecured shelf ratings to (P)Baa2 from (P)Baa1. Moody’s has […]

March 22, 2021

Panama Eases Entry For Vaccinated Travelers


News from Panama

It’s being reported that Panama’s government has relaxed arrival procedures for vaccinated travelers coming into the country. Although the country’s borders have been open with conditions, those with ‘the complete vaccine’ will not have to undergo a swab test on arrival. Instead, arrivals will need to present proof of vaccination. Other sources note that a negative […]

March 22, 2021

Panama eliminates tourist card for Cubans and Dominicans


News from Panama

From this moment on, all Cubans who want to travel to the Central American country must apply for the Tourism Visa at the Panamanian consulate located in the country of residence or origin, in accordance with Executive Decree No. 88, published in the Gaceta Oficial. The Panamanian government established in October 2018 the so-called tourist […]

March 22, 2021

Panama to save heritage and develop tourism


News from Panama

Portobello town, a commercial route for the Spanish Crown in America since the 16th century, is currently preparing to become Panama’s tourist center and develop its natural and cultural heritage.   Local authorities and the National Government agreed on an inter-institutional action plan with a comprehensive strategy for this destination, with a view to the […]

March 22, 2021

Covid Passport: Essential for Economic Recovery


News from Panama

Central America must be the driving force behind a globally accepted document that will be vital for the recovery of the global economy and tourism in particular. The generation of a physical or digital document of global acceptance (like national passports) that certifies that the bearer has been vaccinated against Covid-19 will facilitate the movement of […]

March 22, 2021