AIM

The central objective of this conference is to provide participants with a comprehensive update on accounting, tax, AML, and transfer pricing issues. Our goal is to equip professionals with the necessary knowledge to face the specific challenges associated with the 2023 fiscal year in Panama, considering the specificities of the Special Economic Zones, and ensuring smooth compliance with the formal obligations corresponding to that fiscal year.

SYLLABUS

1. Particularities of Income Tax Returns in Panama

• Ordinary Regime forms and different free zone forms
• Taxable and exempt income
• Mixed Operations: Internal and External
• Determination of dividend or complementary tax
• Determining the calculation of the Operation Notice Tax

2. Financial/accounting closing vs. tax closing for fiscal year 2023

• IAS 12: Deferred Revenue
• Deductible and non-deductible expenses according to Panamanian regulations
• CAIR (Alternative Calculation to Income Tax)
• New fine regime in Panama
• Payroll Report 03: Employee salaries, cross-references with Social Security

3. Compliance with AML (Anti-Money Laundering) regulations

• Changes to Free Zone Regimes. Law 412
• New tax incentives under Law 412
• Substance Reporting. IFRS 15
• Fines regime

4. Transfer Pricing Obligations Applicable to Fiscal Year 2023

• Subjects to the Transfer Pricing regime in Panama
• Features of Form 930
• Fines for non-compliance with formal obligations
• Obligations of Panamanian offshore companies in transfer pricing matters

It should be noted that the seminar is priced at US$150 + taxes per person. However,  the price is free for clients of the firm .

INVESTMENT: US$ 150