ACCOUNTING RECORDS FOR COMPANIES WHOSE OPERATIONS DO NOT AFFECT PANAMA OR MAINTAIN AN ASSET IN THEIR RECORDS.
According to resolution 201-9150 of December 15, 2022, extending the period for certain legal entities to submit accounting records and copies of accounting records to resident agents under the provisions of law 52 of October 27, 2016, as amended by law 254 of November 11, 2021, resolves as follows: Modification is made to the provisions of the second article of resolution 201-2338 of April 01, 2022, which states that resident agents who must submit the first sworn statement to the Directorate General of Revenue ( DGI) no later than December 31, 2022. Modification is then made in the due date and establishing the following: Informing resident agents that a new deadline is established to file the first sworn statement before the General Directorate of Revenue no later than July 15, 2023.
All resident agents that, for the filing of the Sworn Statement in mention, the resident agent must have the due RUC (unique taxpayer registry) and NIT (tax identification number) for the filing of such document through the E-TAX 2 system.
PENALTIES
We must remember that article 23 of law 254 of November 11, 2021, which modifies article 7 of law 52 of 2016, remained as follows: The General Revenue Directorate of the Ministry of Economy and Finance of the Republic of Panama shall sanction legal entities that fail to comply with the obligations established in the present law with a fine of five thousand balboas (B/5,000.00) up to one million balboas (B/.1,000,000.00) considering the fault, the recidivism and the magnitude of the damage.
