{"id":13312,"date":"2015-05-05T12:00:34","date_gmt":"2015-05-05T17:00:34","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=13312"},"modified":"2015-05-05T12:00:34","modified_gmt":"2015-05-05T17:00:34","slug":"panama-increases-pensions-by-raising-taxes","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-increases-pensions-by-raising-taxes\/","title":{"rendered":"Panama Increases Pensions by Raising Taxes"},"content":{"rendered":"<p><a href=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2015\/05\/pensions.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-13313\" src=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2015\/05\/pensions.jpg\" alt=\"pensions\" width=\"617\" height=\"156\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2015\/05\/pensions.jpg 980w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2015\/05\/pensions-300x76.jpg 300w\" sizes=\"auto, (max-width: 617px) 100vw, 617px\" \/><\/a><\/p>\n<p>In order to finance the pension increases a new law will increases taxes on gambling and winnings from those games, and on non-metallic mining, and drinks and products derived from tobacco.<\/p>\n<p>From a statement issued by the National Assembly:<\/p>\n<p>The full National Assembly approved on its third reading, Bill 197, which establishes the legal framework to strengthen, preserve and sustain the finances of the Fund for Disability, Old Age and Death of the Social Security Department (CSS), allowing for pension increases.<\/p>\n<p>The proposal, presented by the Minister of Economy and Finance (MEF), <a class=\"hlink\" title=\"Dulcidio De La Guardia\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22Dulcidio+De+La+Guardia%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">Dulcidio De La Guardia<\/a>, increases the collection of <a class=\"hlink\" title=\"taxes\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22taxes%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">taxes<\/a> on gambling and extraction of non-metallic mining in order to finance the monthly increase of pensions for the elderly. The initiative also includes <a class=\"hlink\" title=\"Soft drink\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22Soft+drink%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">soft drinks<\/a>, wine, beer, liquor and <a class=\"hlink\" title=\"tobacco\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22tobacco%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">tobacco<\/a> derived products, such as <a class=\"hlink\" title=\"cigarettes\" href=\"http:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22cigarettes%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">cigarettes<\/a> and cigars of domestic and imported production, which henceforth will be taxed goods.<\/p>\n<p>See <u><a title=\"Law 197 Reform on Fiscal Code\" href=\"http:\/\/www.asamblea.gob.pa\/sites\/default\/files\/proyectos\/2015_p_197_0.pdf\" target=\"_blank\">Law 197 Reform on Fiscal Code<\/a><\/u>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In order to finance the pension increases a new law will increases taxes on gambling and winnings from<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13312","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Panama Increases Pensions by Raising Taxes -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-increases-pensions-by-raising-taxes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Panama Increases Pensions by Raising Taxes\" \/>\n<meta property=\"og:description\" content=\"In order to finance the pension increases a new law will increases taxes on gambling and winnings from\" \/>\n<meta property=\"og:url\" content=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-increases-pensions-by-raising-taxes\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=100088396493750\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-05T17:00:34+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2015\/05\/pensions.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Prozzo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrian Prozzo\" \/>\n\t<meta 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