Panama Gazettes Resolution on Synthesized Text of DTA, Protocol With Israel

The Panamanian Official Gazette March 30 published Resolution No. 201-1497, on the synthesized text of the 2012 DTA and protocol with Israel and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which entered into force March 1, 2021. The MLI applies from: 1) Jan. 1, 2022, for withholding taxes in Panama; 2) March 1, 2021, for withholding taxes in Israel; 3) taxable periods beginning on or after Sept. 1, 2021, for all other taxes in Panama; and 4) taxable periods beginning on or after Jan. 1, 2022, for all other taxes ...