Third approved moratorium seeks to rectify what ANATI failed on previously for tax benefit.

By : Panama Now
February 28, 2019
Category : Economy, Financials

Economy

The Economy and Finance Commission of the National Assembly approved this Wednesday in the second debate the bill 745, which allows a third moratorium, for the payment of property tax in surcharges.

The president of the Assembly, Yanibel Ábrego, affirmed that the approval was born in response to the popular clamor and that the almost null effects of the two previous ones were due to the fact that both the Executive and the National Land Authority (ANATI) did not meet the objective of this extension in favor of the taxpayers.

If approved and ratified, the moratorium would benefit the thousands of citizens who pay this tax rate, which would have a retroactive effect to the month of January.

However, the Directorate General of Revenue (DGI), in the figure of Javier Linares, has expressed his disagreement with a new moratorium, since about 85% of taxpayers are up to date in paying taxes.

On the other hand, the parliamentarian explained that “the effects of the first moratoriums in 2017 and 2018 did not fulfill the task in the first place due to the delay on the part of the Executive to sanction them and, on the other hand, denounced that the ANATI did not comply with its paper regarding the registration of properties “.

Meanwhile, Leandro Ávila pointed out that the time factor affected both extensions, losing their essence, so that taxpayers fulfilled their obligations.