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Tax residence – domestic definition introduced

|Approved Changes|Panama
Panama

Article 13 of Law 52, published in the Official Gazette of 28 August 2012, modifies article 762-N of the Tax Code (TC) by introducing a general definition of tax residence for individuals and companies in domestic law; hitherto, tax residence is only defined for treaty purposes. The Law is retroactively effective from 1 January 2012.
Individuals

The following are considered as resident …


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