Panamanian President Vetoes Bill Repealing Tax Credit Incentive for Investments in the Tourism Sector

Panamanian President Laurentino Cortizo has vetoed a bill approved by the National Assembly that would have repealed the tax credit incentive for investments in the tourism sector. As previously reported, the tax credit incentive was originally provided at a rate of 50% by Law 80 of 2012 to promote investment in tourism, including investments outside the District of Panama in particular. The in…
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