We had to deal recently with the responsibility arising out of unpaid taxes when a company is dissolved having retained earnings subject dividend taxes. Article 528-A of the Commercial Code, added by Act 85 of 2012, deals with the dissolution of companies and explains causes and effects of their permanence in time to the end […]
New rules approved by means of Law 27 of 2015 further regulated by Executive Decree 263 of 2015 impact directly the tax advantages of intellectual property transactions to persons located within Panama. These rules consider taxable income in the Republic of Panama, all income received by natural o legal persons whose domicile in located outside […]
Litigation & Arbitration News Headlines Pardini & Asociados is pleased to announce the re-launch of our website Pardini & Asociados launches its newly and redesigned website www.PardiniLaw.com. The goal of this brand new website is to provide to our users and clients an improved access point, quality legal … Read More Panama Plans More Logistics […]
Litigation & Arbitration News Headlines Pardini & Asociados is pleased to announce the re-launch of our website Pardini & Asociados launches its newly and redesigned website www.PardiniLaw.com. The goal of this brand new website is to provide to our users and clients an improved access point, quality legal … Read More Panama Plans More Logistics Development […]
Welcome to the Panama Legal Report / January 2016 Dr. Pardini, managing partner of P&A, was recognized by the Inter-American Council for Trade and Production (CICYP) For his work during the years in which he served as President & CEO of that Council… READ MORE Lufthansa closed a tourism agreement with Panama The […]
Welcome to the Panama Legal Report / January 2016 Dr. Pardini, managing partner of P&A, was recognized by the Inter-American Council for Trade and Production (CICYP) For his work during the years in which he served as President & CEO of that Council… READ MORE Lufthansa closed a tourism agreement with Panama The […]
Welcome to the Panama Legal Report / January 2016 Dr. Pardini, managing partner of P&A, was recognized by the Inter-American Council for Trade and Production (CICYP) For his work during the years in which he served as President & CEO of that Council… READ MORE Lufthansa closed a tourism agreement with Panama The […]
ACCOUNTING RECORDS All companies especially those whose operations are not carried from the Republic of Panama are required to maintain accounting records and all supporting documentation. The accounting records are to be maintained for a period of no less than 5 years, counted from the last calendar year of transactions carried out. This term is […]
The following amendments have been introduced by the Board of Directors of the Republic of Panama Maritime Authority Amendment to fines and sanctions to companies providing ancillary services in the maritime industry. Resolution JD n°063-2015 The new table increase the fines and sanctions which now correspond to the Bureau of Ports and Maritime Industry to […]
We should begin by understanding the kind of company that the wording of Law 8 of 2010, as amended by law 114 of 2013 and regulated by Executive Decree 199 of 2014, are referring to, according to the conditions to be met: Incorporate under the laws of the Republic of Panama as a company, […]
According to the recently enacted Law 52, which entered into effect on January 1st, 2017, Panama´s competent authority will suspend the corporate rights of a legal entity in the following cases: 1. If the legal entity spends more than 90 days without appointing a registered agent 2. If the legal entity does not comply with the payment […]
According to the recently enacted Law 52, which entered into effect on January 1st, 2017, Panama´s competent authority will suspend the corporate rights of a legal entity in the following cases: 1. If the legal entity spends more than 90 days without appointing a registered agent 2. If the legal entity does not comply with the payment […]