Panama’s national assembly (Asamblea Nacional de Panamá) has ratified two tax-related agreements—an income tax treaty with Vietnam, and a tax information exchange agreement with Japan.
The income tax treaty with Vietnam (as signed in August 2016 and ratified in February 2017) includes:
The agreement with Japan for the exchange of information was also ratified in February 2017, and it applies to taxes of any kind and description including municipal taxes, for which there is no reservation or exclusion.
Read a March 2017 report (Spanish) prepared by the KPMG member firm in Panama
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