By Fernando Guerra of Financial Consulting Group
Email: fernando.guerra@fcgfirm.com
Website: www.fcgfirm.com
Aimed at Natural or Legal Persons:
If you have operations established in :
- Colon Free Zone
- Oil Free Zone
- Panama Pacific Economic Area
- Headquarters of Multinational Companies
- City of Knowledge
- Other free zones or special economic area
You should know that through:
Law No. 69 of 26 December 2018, re-establishes the validity of Article 762-L of the Tax Code which indicates that natural or legal persons that carry out operations with related parties that are located in Free Zones, Free Trade Zones, Special Economic Areas and Special Regimes, Headquarters of Multinational Companies, City of Knowledge or in any other free trade zones are subject to the transfer pricing regime even if they are exempt from paying income tax or maintain a reduced rate of this tax by provision of special laws.
