Panama Negotiates Double Taxation Agreement with Mexico

Both countries will begin negotiations for a double taxation agreement on November 11th.

Friday, November 6, 2009

Panama's economy vice minister, Frank de Lima, who leads the negotiating team, has also contacted France, Germany, Australia, Japan, Holland, Switzerland, Norway, Island, Lichtenstein and England in order to negotiate double taxation agreements.

"This process is part of the Government's efforts to have the country removed from a series of tax-haven graylists and blacklists, in order to protect Panama's fiscal regime and banking system", reported

More on this topic

Panama Negotiates Double Taxation Agreement with Portugal

July 2010

Both countries have taken steps toward signing a double taxation agreement.

On signing this agreement Panama will have completed 10 of the 12 it needs to be removed from the OECD’s gray list.

“Miguel Serrao and Helena Ferreira, officials from the Portuguese government, met with the Panamanian delegation headed by chief negotiator, Luis Laguerre, who represented the Vice-Minister for the Economy, Frank De Lima,” reports Panamá América.

Panama and South Korea Sign Tax Agreement

October 2010

The country completed 9 of 12 agreements required by the OECD to remove it from the tax haven gray-list.

The president, Ricardo Martinelli and his counterpart Lee Myung-bak took part as honorary witnesses to the signing of the Treaty for Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to income taxes between the two countries.

Panama and Qatar Ink Tax Agreement

May 2010

This is the latest double taxation agreement signed by Panama; it has recently done the same with Belgium, Italy, Holland, Barbados, Spain and Mexico.

Economy Minister Frank de Lima stated that in May they will negotiate two additional agreements with France and Luxembourg.

Panama and Netherlands Negotiate Double Taxation

April 2010

Starting today and until Wednesday, representatives from both countries will negotiate a Double Taxation Agreement in Panama City.

With these agreements, Panama seeks to be removed from OECD’s tax-haven gray-list. It has already closed similar treaties with Italy, Mexico, Belgium and Barbados.

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