The government has been very active in the tax arena, proposing more than 10 tax bills between 2009 and 2013. These tax reforms and amendments have covered direct and indirect taxation. Corporate tax rates were reduced, while indirect taxes have been increased. Still, Panama has one of the lowest value-added tax rates in the region (7%). Tax...
Good health is always a sign of prosperity. Panama appears to have taken this motto to heart and is now determined to improve the country’s medical facilities, coverage and treatment, feats that do not come easily in a region historically afflicted by high rates of poverty and illness. At the height of its economic success and continued growth,...
Heavy government spending on new social programmes and overhauling the infrastructure network has amplified the importance of increasing public sector revenue, income and in particular tax collections. However, administrative strategy has focused on maintaining or even lowering tax rates across the board while simultaneously closing loopholes...
While several of the most significant infrastructure projects draw to a close, concerns have arisen over an eventual decline in construction activity. However, deficits still remain among highways, roads, logistics operations and purely private sector ventures, providing a long list of work for the near to medium term. According to the...
As Panama enters a new stage of economic maturity, the quality of its education system has claimed a pivotal role for authorities and the private sector alike, aiming to provide a sound foundation for the future.
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