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Panama National Assembly Considering Bill for BEPS-Compliant Rules for Intangible Assets Income and Expand Transfer Pricing Obligations

|Proposed Changes|Panama
Panama

Panama's National Assembly is currently considering a draft bill submitted in July 2018 that includes measures for the introduction of new rules for intangible assets income that are compliant with the modified nexus approach of BEPS Action 5. The bill also includes provisions to impose transfer pricing obligations on taxpayers that carry out operations with related parties operating within a preferential regime, including in special economic areas and zones, as well as on taxpayers operatin…

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