On 6 August 2015, Panama published Resolution No. 201-12083 of 29 July 2015 in the Official Gazette. The resolution sets out the requirements for claiming tax treaty benefits, and replaces resolution No. 201-10861 of 26 August 2013.
According to the new resolution, a written request for tax treaty benefits may be submitted to the tax authority up to 30 days prior to a transaction. A request must be submitted for each transaction and income type per beneficiary. For recurring transactions, a …