{"id":28617,"date":"2020-04-28T13:11:25","date_gmt":"2020-04-28T18:11:25","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=28617"},"modified":"2020-04-28T13:11:25","modified_gmt":"2020-04-28T18:11:25","slug":"manufacturing-new-tax-regime-panama","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/manufacturing-new-tax-regime-panama\/","title":{"rendered":"Manufacturing: New Tax Regime in Panama"},"content":{"rendered":"<p><a href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/04\/manufacturing-image.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-28618\" src=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/04\/manufacturing-image.jpg\" alt=\"\" width=\"700\" height=\"511\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/04\/manufacturing-image.jpg 700w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/04\/manufacturing-image-300x219.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<p>The Cabinet authorized the Minister of Commerce and Industry to submit to the Assembly a bill to create the Special Regime for the Establishment and Operation of Multinational Companies for the Provision of Services Related to Manufacturing.<\/p>\n<p>The decision of the Executive, which seeks to reactivate the economy in the context of the health and economic crisis generated by the outbreak of covid-19, was made official through the publication in the <a href=\"https:\/\/www.gacetaoficial.gob.pa\/pdfTemp\/29009_A\/GacetaNo_29009a_20200423.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><u>Digital Official Journal, in Cabinet Resolution No. 26 of April 21, 2020<\/u><\/a>.<\/p>\n<p>Ram\u00f3n Martinez, Minister of Trade and <a class=\"hlink\" title=\"Industry\" href=\"https:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22Industry%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">Industry<\/a>, told Prensa.com that &#8220;<em>&#8230; this project seeks to emulate the successful scheme of the Multinational Company Headquarters (SEM) regime, but focused on an economic sector that could have a high impact on job creation and the transfer of technological knowledge<\/em>.&#8221;<\/p>\n<p>Martinez added that &#8220;<em>&#8230; Under this new tax regime would be the activities related to manufacturing, assembly, remanufacturing, conditioning, maintenance and repair of products, in addition to logistics services, among others. These companies may be established in a special economic area, in the Colon Free Zone, in free zones or in a customs control and surveillance area.<\/em>&#8221;<\/p>\n<p>The official said that companies under the license of the Special Regime for the Establishment and Operation of Multinational Companies for the Provision of Services Related to <a class=\"hlink\" title=\"Manufacturing\" href=\"https:\/\/www.centralamericadata.com\/en\/search?q1=content_en_le:%22Manufacturing%22&amp;q2=mattersInCountry_es_le:%22Panama%22\">Manufacturing<\/a> (Emma), will automatically enjoy the guarantees established by Law 54 of 1998 on the legal stability of investments, regulated by Executive Decree 9 of 1999.<br \/>\n\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f16536-o1\" lang=\"\" dir=\"ltr\" data-wpcf7-id=\"16536\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form 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create<\/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":[242,12,241,39,248,34,33,62,42,219,11,249,243,7,255,246,244,260],"class_list":["post-28617","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-panama-real-estate-bocas-del-toro","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama-rent-in-boquete"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - 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