This Act creates the Action Plan to Improve Health, as well as modifies the rates of the Selective Consumption Tax (hereinafterISC, for its initials in Spanish) on sugary beverages, to cooperate with the State in compliance with the constitutional provision that consists of ensuring health and...
This BDO In Practice sets out the requirements of IFRS 16 in relation to the classification and measurement of leases from the perspective of lessees and lessors and compares those requirements to the previous standards, primarily IAS 17. It should be noted that the guidance relating to lessor...
In 2013, the IASB started its Disclosure Initiative project in response to widespread observations that the quality of disclosures in financial statements prepared in accordance with IFRS could be improved.
The Government of Panama recently approved Law 93 of 2019, "Which creates the Public-Private Partnership Regime for development as an incentive for private investment, social development and job creation". With this law, the Republic of Panama catches up with other countries in the region by...
Corporate Fraud manifests specific particularities in our region that need to be analyzed by companies to prevent, detect and respond to the types of fraud that have an impact on their businesses.BDO developed the "Map of Corporate Fraud in Latin America" with the objective of understanding this...
The National Assembly approved Law No. 99 of October 11, 2019, published in the Official Gazette No. 28881-B of October 14, 2019. Through the aforementioned law, a tax amnesty is approved, which aims to increase the collection of taxes owed by the taxpayers to the General Directorate of Revenue...
On 24 October 2018, Law N° 57 introduced amendments on Law 41, 2007, which created the special regime on Multinational Companies Headquarters (MHQ or SEM, Sede de Empresa Multinacional).
We find it important and relevant to address on this opportunity the special tax regime applicable to the construction industry in the Republic of Panama, referring to the different taxes that may affect the activity.