22

Can the private registry of beneficial owners of panama be used for exchange of tax information?

“Law 129 of 2020 is in force, although it is well known that it has not been regulated or implemented from the technological point of view… The time has come for the Executive Branch to regulate it and it is important that the Executive Branch be responsible for clarifying whether the MEF (Ministry of Economy and Finance) and the DGI (General Directorate of Revenue) will have access to the Single Register of Final Beneficiaries.”

20

Panama’s supreme court denies judicial review of decision initiating administrative investigation into tax fraud

“… the initiative to initiate the investigation of Fiscal Fraud, whether criminal or administrative, part of an administrative action of the DGI (General Directorate of Revenue). Therefore, if the Court saw the initiation of the investigation as an act of “mere formality” or “preparatory” before, it might seem the same to it now with the new legislation.”