21
May
Panama – Bill No. 641 on Economic Substance: What You Should Know (and Why You Should Wait Before Acting)
Panama is currently debating Bill No. 641, which would establish economic substance requirements for entities of multinational groups receiving passive foreign-source income – including dividends, interest, royalties, and capital gains. At this stage, our recommendation to clients and businesses with Panamanian companies is clear: stay informed, but refrain from making…
