The following is an index of laws and regulations issued by the Government of Panama in response to the coronavirus crisis and its economic and social effects. Laws and regulations are listed by date of issue and classified by key areas of concern. A brief description of each law and regulation and its implications is also provided.

COVID-19 REGULATION INDEX

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COVID-19 RESOURCE CENTER


ARIFA has created this COVID-19 Resource Center for clients and friends to help you manage the complex legal and practical issues brought upon you and your business by the coronavirus pandemia. In this website you will find all relevant laws and regulations enacted by the Government to confront this crisis as well as a series of FAQs and insightful materials prepared by ARIFA's multidisciplinary, expert team.

Our COVID-19 Team is ready to assist you. Should you have any questions or need any assistance, please contact the following point lawyers or any other ARIFA lawyer with whom you have a relationship. We are here to help you.

For labor and immigration matters: Vivian Holness vholness@arifa.com

For banking and financial matters: Estif Aparicio eaparicio@arifa.com

For commercial contracts and trade: Carin Stelp cstelp@arifa.com

For tax matters: Jazmín Solís jsolis@arifa.com

For litigation and insolvency matters: Claudio De Castro cdecastro@arifa.com  

Or any attorney at Arias, Fábrega & Fábrega.

 

The information in this website is updated daily. However, given the fluid nature of the COVID-19 pandemic, changes may have occurred since last update. This material is intended for general information purposes only and it does not constitute legal advice.  For specific legal issues please contact an ARIFA lawyer.

FAQ we hear from you.

TAX MATTERS

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How can the Tax Authority notify the taxpayer regarding administrative processes that are being carried out by this institution?

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When can I start an administrative process for the reconsideration of resolutions issued by the Tax Authority during the State of Emergency?

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What can I do if my annual tax return for 2019 fiscal year had been filed without applying the reduction to the estimated tax for the 2020 fiscal year?

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Should the 930 Tax Form on Transfer Pricing be presented on June 30, 2020?

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Has the Panamanian government implemented tax reduction measures as a result of COVID-19?

LABOR AND IMMIGRATION

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In order to continue operations, can I ask my employees to work from home?

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Can the work schedule be reduced?

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Should I send my employees on vacation?

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Can I suspend the effects of the employment contracts?

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Can I terminate employees while the State of National Emergency declared as a result of the COVID-19 pandemic is effect?

CONTRACTS AND FINANCIAL MATTERS

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Has the Panamanian government or local banks implemented any credit relief measures?

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Will customers incur any additional costs for taking advantage of the benefits of Law No. 1526 of 2020?

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Have any laws or regulations been passed granting moratorium or deferral on loan payments?

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Has the Panamanian government implemented any credit relief measures applicable to thrift companies (“empresas financieras”)?

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Has the Panamanian government implemented any relief measures for local banks regarding payment obligations to customers of interest on savings accounts or of other investments?

CAPITAL MARKETS

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Has the Superintendency of the Capital Market (“SMV”) issued any special procedures regarding administrative proceedings before the SMV?

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Has the Panamanian government implemented any special measures for registered securities?

LITIGATION AND INSOLVENCY MATTERS

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Has the Panamanian government implemented measures to deal with potential liquidation or reorganization proceedings of companies as a result of COVID-19?

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Do civil and commercial courts continue to work on a regular basis?