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Panama Supreme Court of Justice Upholds Penalty for Free Zone Company Failing to Submit Transfer Pricing Report

|Approved Changes|Panama
Panama

Panama's Directorate General of Revenue (DGI) has issued a release concerning a recent Supreme Court of Justice decision on the requirement to submit a transfer pricing report (Form-930) and the penalties for failing to do so. The case concerned a multinational company registered in the Petroleum Free Zone that failed to submit a transfer pricing report for the 2012 tax period. As a result, th…

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