On 5 November 2020, Panama has deposited its instrument of ratification for the Multilateral Convention to implement tax treaty related measures to prevent base erosion and profit shifting (Multilateral Convention or MLI), which now covers almost 1700 bilateral tax treaties, thus underlining its strong commitment to prevent the abuse of tax treaties and base erosion and profit shifting (BEPS) by multinational enterprises. For Panama, the MLI will enter into force on 1 March 2021.
Related Posts
Panama updates reportable jurisdictions list under CRS
Panama has updated its CRS reportable jurisdictions list through Executive Decree No. 21 of 27 May 2026, as published in the Official Gazette. This executive decree establishes the updated list of foreign jurisdictions subject to financial data
Read MorePanama enacts law introducing economic substance rules for MNE groups
Panama has enacted Law No. 526 of 28 May 2026, significantly reforming its National Fiscal Code by introducing economic substance requirements for multinational enterprise (MNE) groups earning foreign-source passive income. The reform is designed
Read MoreAndorra, Panama to commence tax treaty talks
Andorraβs government announced on 6 March 2026 that representatives from Andorra and Panama met in March 2026 to discuss international legal cooperation and security initiatives, including plans to negotiate an income tax treaty. At the XXIV
Read MoreNetherlands: MoF announces 2026 tax treaty agenda, possible review of Panama agreement
The Netherlands Ministry of Finance has issued a letter to the House of Representatives outlining planned and ongoing negotiations on tax treaties in 2026 on 23 April 2026. A separate government release indicates that the Netherlands is currently
Read MorePanama: MEF to dissolve thousands of suspended companies starting February 2026
The Ministry of Economy and Finance (MEF) announced on 23 February 2026 that it will launch a major initiative to dissolve suspended legal entities, reinforcing Panama's commitment to legal and financial transparency while meeting international
Read MorePanama ratifies tax information exchange agreement with Ecuador
Panama has ratified its first tax information exchange agreement (TIEA) with Ecuador through Law No. 508, published in the Official Gazette on 13 February 2026. Key highlights include the formal approval of a tax information exchange agreement
Read More