Panama and Spain Ink Tax Agreement
The country penned a double taxation agreement with Spain; it had already done so with Holland, Italy, Mexico, Belgium and Barbados.
Monday, May 3, 2010
Economy vice minister Frank de Lima explained that the country had set the objective of signing 12 of these agreements in 2010, and that they have already achieved half of it.
This is the latest double taxation agreement signed by Panama; it has recently done the same with Belgium, Italy, Holland, Barbados, Spain and Mexico.
When signed on September, it will become the seventh double taxation agreement with OECD nations.
Starting today and until Wednesday, representatives from both countries will negotiate a Double Taxation Agreement in Panama City.
The negotiations will bring to 12 the number of double taxation agreements it has, equalling the minimum required by the OECD.
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