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February 10, 2023
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Maritime Chamber of Panama asks the municipality to suspend the tax increase

Judith Pena | February 10, 2023

After the increase in municipal taxes and taxes was made public, through Agreement No. 142 of August 2, 2022, the Maritime Chamber of Panama requested the Councilors and the Mayor of the Capital District to suspend this increase.

Through the Moratorium for the payment of surcharges and interest to the taxpayers of the Municipality of Panama, a substantial increase in the municipal tax tables was established.

“As a union that brings together a large number of companies that work hard in support of the national economic recovery, whose operations are carried out in the district of Panama, we express our disagreement with this increase, whose inclusion within the framework of a moratorium generates the perception of have been camouflaged, to the detriment of small, medium and large companies whose municipal taxation has been seen, at least, doubled,” the Maritime Chamber said in a statement.

They highlighted the importance of dialogue and consultations to achieve regulations that favor all parties, for which they urged the municipal authorities to re-evaluate this tax increase.

They urged the authorities to discuss this increase with the participation of representatives of the private sector and to present the analyzes and justifications that support the decision and that will make the management that they develop and for which they are seeking to collect additional income transparent.

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