{"id":14097,"date":"2015-08-06T09:02:17","date_gmt":"2015-08-06T14:02:17","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=14097"},"modified":"2015-08-06T09:02:17","modified_gmt":"2015-08-06T14:02:17","slug":"panama-more-demands-on-tax-information-exchange","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/","title":{"rendered":"Panama: More Demands on Tax Information Exchange"},"content":{"rendered":"

\"oecd<\/a><\/p>\n

Panama has not yet complied with the previous standard of the OECD, and now new requirements are being added in terms of automatic exchange of information.<\/p>\n

While trying to get removed from the gray list of the FATF, Panama now faces a new demand from the Organization for Economic Cooperation and Development (OECD), which has amended the standard for compliance with automatic exchange of information, which needs to be complied with by Panama in order to avoid sanctions.<\/p>\n

Gian Castillero, lawyer and advisor to the Ministry of Foreign Affairs in Panama, told the News Agency of Panama (ANPanam\u00e1) that formally each evaluation process is different and Panama is in compliance from a technical point of view and can now move to the second phase of peer review. ‘Having changed the standard for the OECD, they are undoubtedly causing undue pressure because it is not a parameter of the previous phase, but certainly it is pressure for Panama to make a decision on the automatic exchange of information’. ”<\/p>\n

AnPanama.com reports “… in regards to sanctions which Panama could incur, these will be made known in October. “At the moment there is no direct consequence for us, but quite possibly at the next meeting of the Global Forum in October (2015), the circumstances could change at any moment. ‘ Among the measures mentioned, is the fact that the body may ask countries to take discriminatory measures against Panama, such as surcharges and limitations on lending, among other things, which would detract competitiveness, mainly in the financial center. “<\/p>\n

Source: CentralAmericaData.COM<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Panama has not yet complied with the previous standard of the OECD, and now new requirements are being<\/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-14097","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective"],"yoast_head":"\nPanama: More Demands on Tax Information Exchange - Blog and Newsletter<\/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-more-demands-on-tax-information-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Panama: More Demands on Tax Information Exchange\" \/>\n<meta property=\"og:description\" content=\"Panama has not yet complied with the previous standard of the OECD, and now new requirements are being\" \/>\n<meta property=\"og:url\" content=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog and Newsletter\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=100088396493750\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-06T14:02:17+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2015\/08\/oecd-logo.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 name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/panama-more-demands-on-tax-information-exchange\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/panama-more-demands-on-tax-information-exchange\\\/\"},\"author\":{\"name\":\"Adrian Prozzo\",\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/#\\\/schema\\\/person\\\/6c118309f214f7da81db90c9905c5e69\"},\"headline\":\"Panama: More Demands on Tax Information Exchange\",\"datePublished\":\"2015-08-06T14:02:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/panama-more-demands-on-tax-information-exchange\\\/\"},\"wordCount\":263,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/panama-more-demands-on-tax-information-exchange\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/wp-content\\\/uploads\\\/2015\\\/08\\\/oecd-logo.jpg\",\"articleSection\":[\"News from Panama\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/panama-more-demands-on-tax-information-exchange\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/panama-more-demands-on-tax-information-exchange\\\/\",\"url\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/panama-more-demands-on-tax-information-exchange\\\/\",\"name\":\"Panama: More Demands on Tax Information Exchange - Blog and Newsletter\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/panama-more-demands-on-tax-information-exchange\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/panama-more-demands-on-tax-information-exchange\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/wp-content\\\/uploads\\\/2015\\\/08\\\/oecd-logo.jpg\",\"datePublished\":\"2015-08-06T14:02:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/panama-more-demands-on-tax-information-exchange\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/panama-more-demands-on-tax-information-exchange\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/panama-more-demands-on-tax-information-exchange\\\/#primaryimage\",\"url\":\"http:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/wp-content\\\/uploads\\\/2015\\\/08\\\/oecd-logo.jpg\",\"contentUrl\":\"http:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/wp-content\\\/uploads\\\/2015\\\/08\\\/oecd-logo.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/panama-more-demands-on-tax-information-exchange\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Panama: More Demands on Tax Information Exchange\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/\",\"name\":\"THE PANAMA PERSPECTIVE\",\"description\":\"Welcome and enjoy!\",\"publisher\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/#organization\",\"name\":\"THE PANAMA PERSPECTIVE\",\"url\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Panama-Perspetive-Logo.png\",\"contentUrl\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Panama-Perspetive-Logo.png\",\"width\":199,\"height\":168,\"caption\":\"THE PANAMA PERSPECTIVE\"},\"image\":{\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/profile.php?id=100088396493750\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/#\\\/schema\\\/person\\\/6c118309f214f7da81db90c9905c5e69\",\"name\":\"Adrian Prozzo\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ad1feae25ee47fd05cad15b4eecb3f298066f00b30501ec8ab74742778287eba?s=96&d=identicon&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ad1feae25ee47fd05cad15b4eecb3f298066f00b30501ec8ab74742778287eba?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ad1feae25ee47fd05cad15b4eecb3f298066f00b30501ec8ab74742778287eba?s=96&d=identicon&r=g\",\"caption\":\"Adrian Prozzo\"},\"url\":\"https:\\\/\\\/panamaadvisoryinternationalgroup.com\\\/blog\\\/author\\\/adrian\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Panama: More Demands on Tax Information Exchange - Blog and Newsletter","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/","og_locale":"en_US","og_type":"article","og_title":"Panama: More Demands on Tax Information Exchange","og_description":"Panama has not yet complied with the previous standard of the OECD, and now new requirements are being","og_url":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/","og_site_name":"Blog and Newsletter","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=100088396493750","article_published_time":"2015-08-06T14:02:17+00:00","og_image":[{"url":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2015\/08\/oecd-logo.jpg","type":"","width":"","height":""}],"author":"Adrian Prozzo","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Adrian Prozzo","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/#article","isPartOf":{"@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/"},"author":{"name":"Adrian Prozzo","@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/#\/schema\/person\/6c118309f214f7da81db90c9905c5e69"},"headline":"Panama: More Demands on Tax Information Exchange","datePublished":"2015-08-06T14:02:17+00:00","mainEntityOfPage":{"@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/"},"wordCount":263,"commentCount":0,"publisher":{"@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/#organization"},"image":{"@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/#primaryimage"},"thumbnailUrl":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2015\/08\/oecd-logo.jpg","articleSection":["News from Panama"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/","url":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/","name":"Panama: More Demands on Tax Information Exchange - Blog and Newsletter","isPartOf":{"@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/#primaryimage"},"image":{"@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/#primaryimage"},"thumbnailUrl":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2015\/08\/oecd-logo.jpg","datePublished":"2015-08-06T14:02:17+00:00","breadcrumb":{"@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/#primaryimage","url":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2015\/08\/oecd-logo.jpg","contentUrl":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2015\/08\/oecd-logo.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-more-demands-on-tax-information-exchange\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Panama: More Demands on Tax Information Exchange"}]},{"@type":"WebSite","@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/#website","url":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/","name":"THE PANAMA PERSPECTIVE","description":"Welcome and enjoy!","publisher":{"@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/#organization","name":"THE PANAMA PERSPECTIVE","url":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2023\/09\/Panama-Perspetive-Logo.png","contentUrl":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2023\/09\/Panama-Perspetive-Logo.png","width":199,"height":168,"caption":"THE PANAMA PERSPECTIVE"},"image":{"@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=100088396493750"]},{"@type":"Person","@id":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/#\/schema\/person\/6c118309f214f7da81db90c9905c5e69","name":"Adrian Prozzo","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/ad1feae25ee47fd05cad15b4eecb3f298066f00b30501ec8ab74742778287eba?s=96&d=identicon&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/ad1feae25ee47fd05cad15b4eecb3f298066f00b30501ec8ab74742778287eba?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ad1feae25ee47fd05cad15b4eecb3f298066f00b30501ec8ab74742778287eba?s=96&d=identicon&r=g","caption":"Adrian Prozzo"},"url":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/author\/adrian\/"}]}},"_links":{"self":[{"href":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-json\/wp\/v2\/posts\/14097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-json\/wp\/v2\/comments?post=14097"}],"version-history":[{"count":1,"href":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-json\/wp\/v2\/posts\/14097\/revisions"}],"predecessor-version":[{"id":14102,"href":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-json\/wp\/v2\/posts\/14097\/revisions\/14102"}],"wp:attachment":[{"href":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-json\/wp\/v2\/media?parent=14097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-json\/wp\/v2\/categories?post=14097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-json\/wp\/v2\/tags?post=14097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}