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

