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The Nexus
BUSINESSJul 8 · 08:45 UTCTHE RIO TIMESValentina Gómez

Panama Just Tightened the Rules on Its Famous Tax Haven Status

Panama enacted Law 526 on May 28, requiring entities earning foreign passive income to demonstrate real local activity to retain tax exemptions. Those failing to meet the criteria face a 15 percent tax on foreign income.

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