Panama has published the list of designated withholding agents for value added tax (VAT) purposes in the Official Gazette. The withholding requirement was introduced under Executive Decree 493 in 2015 ({News-2015-10-27/A/6- previous coverage}). Under the decree, taxpayers that have acquired goods or services of at least PAB 10 million in the previous year must withhold 50% of the VAT due as indicated in each invoice in the current year.
Click the following link for the 2017 list.