On July 15, 2016 Panama announced its intension to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters via a statement that was published on the website of the Panamanian Ministry of Foreign Affairs. On July 18, 2016 the OECD issued a press release announcing that Panama has formally informed the OECD regarding its intention to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.
The Convention on Mutual Administrative Assistance in Tax Matters provides a comprehensive multilateral framework for the exchange of information and assistance in tax collection. Its coverage includes administrative assistance between tax authorities for information exchange on request, automatic exchange of information, simultaneous tax examinations and assistance in the collection of tax debts.
Click here to be forwarded to the Convention on Mutual Administrative Assistance in Tax Matters as amended by the 2010 Protocol.
Click here to be forwarded to the announcement of Panama’s intension to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters as published on the website of the Panamanian Ministry of Foreign Affairs.
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