Panama Extends Tax Amnesty and Provides Additional Tax Payment Relief

Panama has published Law No. 160 and Law No. 161 in Official Gazette No. 29104, which extend the general tax amnesty and provide additional tax payment relief in response to COVID-19. Both laws entered into force on 2 September with retroactive effect.
Law No. 160 provides for the further extension of the general tax amnesty regime. This includes:
- an extension the taxes covered to include ta…