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.

He added that the agreement was initially discussed by Ricardo Martinelli and Spanish president José Luis Zapatero, when the former visited Spain in 2009.

Negotiations are underway to sign agreements with France and Qatar.

More on this topic

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 Closes Double Taxation Agreement With France

June 2010

When signed on September, it will become the seventh double taxation agreement with OECD nations.

Prensa.com reported that the country has already signed and ratified the same agreement with Mexico, it plans to sign it with Barbados on June 21, and dates still must be set for doing the same with Italy, Belgium, Netherlands, Qatar and Spain”.

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.

Panama to Negotiate Agreements with South Korea and Singapore

August 2010

The negotiations will bring to 12 the number of double taxation agreements it has, equalling the minimum required by the OECD.

Panama's Vice-minister for the Economy, Frank De Lima, indicated thta the agreements will mean that by next year the country will no longer be on the gray list held by the Organisation for Economic Co-operation and Development (OECD).

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