Panama: List of reportable jurisdictions updated; CRS reporting deadline extended
Extended due date of 31 August 2021 for filing for CRS reports in response to the coronavirus (COVID-19) pandemic
Extended due date of 31 August 2021 for filing for CRS reports
The tax authority in Panama took the following actions regarding FATCA and common reporting standard (CRS) reporting:
- An updated list of reportable jurisdictions that Panama must automatically exchange financial information for tax purposes, to include Costa Rica and Grenada for the 2020 reportable year.
- An extended due date of 31 August 2021 for filing for CRS reports, in response to the coronavirus (COVID-19) pandemic (the extension does not apply to FATCA reports).
Read a July 2021 report [PDF 356 KB] prepared by the KPMG member firm in Panama
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