Advertisement
Categories: NewsWorld

Panama Implements Stricter Multinational Firm Requirements to Meet EU Standards

Advertisement

Panama’s National Assembly approves new law

The National Assembly of Panama has approved a new law aimed at satisfying European Union tax transparency requirements. This move also supports Panama’s potential removal from EU monitoring lists.

Ministry of Economy and Finance statement

According to the Ministry of Economy and Finance, this legislation requires multinational entities based in Panama to demonstrate genuine local operations. Failure to do so will result in a 15% tax on passive foreign income.

Advertisement
News Desk

Recent Posts

Bank Alfalah Introduces Insurance Coverage of Up to PKR 3 Million for PKR Current Plus Accountholders

Bank Alfalah, one of Pakistan's leading commercial banks, has partnered with Alfalah Insurance to introduce…

1 day ago

Chery Surpasses 20 Million Global Vehicle Sales as Monthly Exports Exceed 200,000

Master Auto Engineering (MAE), the official partner of Chery vehicles in Pakistan, celebrates another major…

2 days ago

BingX Appoints Kevin Lee as Chief Strategy Officer to Accelerate its Multi-Asset, User-Centric Vision

BingX, a leading cryptocurrency exchange and Web3-AI company, today announced the appointment of Kevin Lee…

3 days ago

JazzWorld Revenue Grows 23% to Over PKR 269 Billion in H1 2026

JazzWorld reported revenue of more than PKR 269 billion in the first half of 2026,…

3 days ago

Novo Nordisk appoints Mehtaz Sultan Khan as General Manager Pakistan

Novo Nordisk, the global healthcare company with more than a century of leadership in diabetes…

3 days ago

Nine Pakistanis deported after failed Belarus route to Europe

Nine Pakistani nationals have been deported from Poland after a failed attempt to enter the…

3 days ago