In the recent meeting between the presidents of Panama and Peru, the interest of Panama in being removed from the list of countries with low or no tax imposition was discussed. Both countries expressed their willingness to strengthen bilateral cooperation through the signing of a Double Taxation Agreement.
The President of Panama emphasized the importance of advancing the signing of this agreement, which will contribute to improving the business climate between both countries and will promote investment. It was also highlighted the relevance of promoting mechanisms to prevent tax evasion and tax avoidance.
For his part, the President of Peru expressed his willingness to work together with Panama to achieve the prompt signing of the Double Taxation Agreement. Both nations agreed on the importance of this instrument to strengthen economic and commercial relations, as well as to promote sustainable development in the region.
In this regard, both parties committed to continue dialoguing and collaborating closely in the negotiation and drafting of this agreement, with the aim of finalizing it in the near future. The signing of this agreement would represent a significant step in tax cooperation between Panama and Peru, benefiting both economies and fostering a conducive environment for investment and economic growth.
