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AGREEMENT 76 OF 02/24/2020
 

Pursuant to official gazette No. 28994 published on April 2, 2020,

The Municipality of Panama grants an extension period until June 30, 2020 for the payment of taxes: Taxes, rates, special contributions, municipal fees and fines.

In other words, Articles 27 and 28 of Agreement No. 40 of 2011 will not be applied, these articles establishes that taxes, contributions, rents and fees set per month, must be paid to the Municipal Treasury within the corresponding month; With which, any delay in payment would have caused a surcharge of 20% and 1% interest for each month of default that could be charged through coercive jurisdiction. Likewise, for taxes, contributions, rents and fixed rates that were to be paid during the first quarter of the year and which, with non-compliance, would have generated a surcharge of 10%.

Read the full agreement on the Link:  https://www.gacetaoficial.gob.pa/pdfTemp/28994/78088.pdf