Varela proposes to eliminate payment of ITBMS to Panamanians buying in Colon

Politics

The President of the Republic, Juan Carlos Varela, proposed to eliminate the payment of the Tax on Transfer of Movable Property and Services (ITBMS) to Panamanians who buy in Colón Puerto Libre.

The measure was announced during the Cabinet Council held in the province of Colon on Tuesday. The president indicated that he spoke with the Minister of Commerce and Industries, Augusto Arosemena, the Minister of Economy and Finance, Dulcidio De la Guardia, and the colonized deputy Miguel Salas to present the reforms to the law of Colón Puerto Libre and completely exonerate the payment. of ITBMS to Panamanians to ‘ensure the total success’ of the area.

The president said that this way it seeks to encourage that Puerto Libre Colón becomes a shopping destination. He explained that even if the income of the ITBMS is not perceived, this does not compare to the prospect of Colón Puerto Libre becoming a successful project and a destination for purchase.

For the president, the idea is that the reforms to the law will be presented on July 1, when the last legislative period is installed.

READ MORE;http://laestrella.com.pa/panama/nacional/varela-propone-reformar-colon-puerto-libre/24060100

No Comments

Leave a Reply

Your email address will not be published.

Human Interest
Nito will go down as a “capable” President, who just did not keep his word.

Go and read the PNO archives and see how much I postured and rallied for Nito to beat “Spock” back 5 years ago. Sure he was already an established “elitist” within Panama, but he seemed like a pragmatic man and much better than the opposing choice. As his term comes …

Legal
Judge supports decision invoked, and rejects charges to interfere with Martinelli.

The Second Settlement Court for Criminal Cases of the First Judicial Circuit of Panama, in charge of Judge Baloísa Marquínez M., flatly rejected the brief invoking electoral criminal jurisdiction presented by the lawyer Luis E. Camacho González in favor of a former president of the Republic, Ricardo Martinelli, within the …

Politics
Carrizo trying to garner favor with the working class.

Panama……..please see through this man. He is an elitist now and there is no turning back. Hundreds of followers showed up on the grounds of the Veraguas Fair in the district of Soná, in the province of Veraguas, in support of the presidential candidate for the Democratic Revolutionary Party (PRD), …