Panama: Law 653 of fiscal exoneration to the 'call centers' is approved

Posted on 2018-09-07

The law applies to natural or legal persons in the sector, eliminating differentiated tax treatment for internal and external operations. The plenary session of the National Assembly approved in the third debate the bill of Law 653 that regulates the activity of the call centers for commercial use and frees the payment of direct and indirect taxes to the companies dedicated to this activity.

The Ministry of Economy and Finance reported that the law applies to natural or legal persons in the sector, eliminating the differentiated tax treatment for internal and external operations, establishing a neutral rate of 0% of income tax to the profit generated by the Commercial Operation.

'The regulations create a legal instrument for the regulation of everything related to this activity, guarantee the competitiveness and diversification of the economy, the attraction of direct foreign investment and its consequent positive impact on the generation of employment,' said the MEF minister. In charge, Eyda Varela de Chinchilla.

Source: La Estrella de Panama