lunes, 6 de febrero de 2017

Panama: Changes introduced to transfer pricing legislation

Executive Decree No. 390 of October 24, 2016 (Decree No. 390) was published by the Tax Administration of Panama for the purpose of regulating the arm’s-length principle outlined in Chapter IX, Title I, Book Four of the Tax Code, and amending articles of Executive Decree No. 958 as of August 7, 2013.

In particular, based on this Decree the information required, at the Group and taxpayer level, has been expanded and is more specific. As a consequence, taxpayers will need to analyze and provide more information and data for transfer pricing documentation purposes.

Source & more info: PwC

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