Panama's National Assembly has approved Bill No. 695 of 2021, which provides a further extension of the general tax amnesty. First introduced in 2019, the amnesty has been extended and modified multiple times during the course of the COVID-19 pandemic, most recently by Law No. 208 of 6 April 2021. Key points of Bill No. 695 include:

• an extension of the deadline for interest and penalty relief…