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05/05/2026 23:12 (UTC)

PANAMA BUSINESS

Panama pushes for tax on multinationals to get off EU blacklist

Panama City, May 5 (EFE).- The Panamanian government is pushing for a law that would impose a 15% tax on gross income generated in Panama on multinational companies that fail to demonstrate economic activity in the country, as part of efforts to be removed from the European Union’s (EU) list of non-cooperative jurisdictions in tax matters.

The bill, known as the “economic substance” bill, will be the sole item on the agenda during the special sessions of the unicameral National Assembly (AN, Parliament), convened by Panamanian President José Raúl Mulino, from May 4 through June 4.

CAMERA: CALOS LEMOS.

FOOTAGE: SUPPORTING IMAGES OF PANAMA CITY AND THE PRESS CONFERENCE WHERE THE MINISTER OF ECONOMY AND FINANCE, FELIPE CHAPMAN, SPOKE.

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