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Your email address will not be published. Required fields are marked *

Human Interest
Panama Assembly viewing proposal to absolve and free Martinelli.

https://www.newsroompanama.com/news/panamas-assembly-studying-a-bill-that-would-give-amnesty-to-martinelli-1 Panama’s Assembly is studying a controversial bill that would give amnesty to Ricardo Martinelli.  The bill was rejected Friday by Transparency International (TI) considering that it is done to give “impunity.”  It is common knowledge that the objective of this bill is to prevent a series of former officials …

International Relations
Amid a nationwide uproar and shitstorm, MADURO says he will release ballot results. MY ASS

https://www.newsroompanama.com/news/maduro-says-he-is-ready-to-release-venezuela-vote-tallies Venezuelan President Nicolas Maduro has promised to release all the vote tallies from the disputed weekend election, as international pressure mounts on the South American leader to be “transparent” with the vote results.  Maduro told reporters on Wednesday that the ruling party was ready to show the totality of …

Energy/Infrastructure
Mulino continue to prove PRESIDENT is a WORKING JOB. Looking at ELECTRICITY- START in BOCAS

Please let’s hope our first REAL president here takes a look at the Energy and Utility oversight agencies that are LITTERED with inefficient and suspect persons in power.    https://www.newsroompanama.com/business/electricity-migration-and-css-are-major-panama-concerns-to-deal-with The President of the Republic, José Raúl Mulino, once again denounced the poor service offered by the companies Naturgy and …