Panama: Country-by-country reporting deadline for 2018 extended

Panama: CbC reporting deadline for 2018 extended

The tax authority (Dirección General de Ingresos (DGI)) has extended the deadline for the submission of country-by-country (CbC) reports for the 2018 fiscal year to 15 February 2020.

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Resolution No. 201-1035 was published in the official gazette on 31 January 2020, announcing the deadline extension.

A notification corresponding to the 2018 fiscal year is also now due 15 February 2020 (as well as certain information regarding other fiscal periods).


Read a February 2020 report (Spanish) prepared by the KPMG member firm in Panama
 

For more information, contact a KPMG Global Transfer Pricing Services professional in Panama:

Alonso Campa | +507 208 0758 | jcampa@kpmg.com 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

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