[News Boquete] Tax amnesty law - Ley No. 51

Hi everyone

We consider this info very relevant for all the community, please share it:

The Tax authority of Panama has passed the law 51 of september of 2013.

This law allows to a moratorium on legal and natural persons that at some point they have not paid their taxes.

Summary of the Law 51:

Taxpayers under the tax amnesty program cannot be audited by the ANIP until 31 August 2014. However, taxpayers that have already been subject to a tax audit by the previously named tax administration (DGI) or subject to judicial action by the tax administrative court cannot participate in this amnesty program.

Taxpayers that participate under the tax amnesty program must agree to pay a certain percentage of the amount of tax owed.

Taxpayers with outstanding tax debts may remit the tax and not be subject to penalties and surcharges, and only be subject to 75% of interest (there is a 25% reduction of applicable interest) during the three months following the effective date of the law, until 6 December 2013.

This is a good time to check the status of your corporation tax or property tax, some people are not aware that they have to pay taxes for their properties, or that they do not have tax exemption.

For those that are familiar with the web tax system, you can find the info and forms at the official site of the tax authority at: https://www.anip.gob.pa/defaultsecure.asp

If you need help you shall contact your attorney or accountant.

At Miranda&Contreras we will find helpful people, you can contact us at http://www.lawandrealty.net/Contact_Us/page_2189563.html

Best regards!

Juan Gabriel Contreras Sánchez
Attorney at Law and Licenced Realtor / Abogado y Corredor de Bienes Raíces.
Boquete: Don Vidal Building, second floor, Office #1, Boquete, Chiriqui, Panamá. 

Panama: Trump Ocean Club, second floor, office wing, Punta Pacifica.

Tel: (507) 730-9113; Fax: (507) 730-9116; Cel: (507) 6611-9678
Skype: contreraslawyer; 
www.lawandrealty.net
 

---

___________________________________________________________________
The above message was distributed by News Boquete, a free subscription-based community service.
News Boquete's ONLY public email address is news.boquete@gmail.com.
For more info and use policy, visit https://dl.dropbox.com/u/105014438/News_Boquete/News_Boquete_Policy.pdf.

If replying to this message, reply ONLY to the ORIGINATOR (typically your email application's 'Reply To' function works).

To stop receiving these emails, send a message to news.boquete@gmail.com with the word unsubscribe in the subject line or body of the message.

© 2013, News Boquete. All rights reserved. Public redistribution strictly prohibited without prior written permission.

To support Bid4Boquete charity, visit www.bid4boquete.com.