In August 2022, the authorities of the British Virgin Islands (BVI) published the new amendments made to the Business Companies Act (BCA) and its regulations.
Author Archives: anorcodigitalweb
Lifting sanitary measures
On July 11, 2022, the sanitary measure of mandatory use of masks in open and closed spaces was eliminated throughout the territory of the Republic of Panama, with the exception of: public and private health facilities, persons engaged in the handling and sale of food; and public transport of passengers, collective and selective.
Peculiarities of Conflicts Generated from Civil Works Construction Contracts
Through a Civil Works Construction Contract, a construction company undertakes to execute a project for the benefit of another called owner, who in turn is obligated to pay a certain price.
Personal Data Protection
Our Political Constitution, aligned with international patterns, served as the basis for the enactment of Law 81 of March 26, 2019, regulated by Executive Decree 285 of May 28, 2021, which together constitute the general legal framework for the protection of Personal Data in Panama…
Medicinal use of Cannabis
On September 1, 2022, Executive Decree No. 121 was issued, with the purpose of creating the regulatory framework that allows the supervised and controlled use and access of cannabis and its derivatives, for therapeutic, medical, veterinary, scientific and research purposes throughout the Republic of Panama, and at the same time prohibits the sale of medicinal cannabis door to door or by internet.
New Laws on International Tax Fiscal Transparency
In order to comply with the Foreign Account Tax Compliance Act (FATCA) and facilitate the exchange of tax information, Panama enacted the following laws…
Single Tax Payer Registry Update (RUC)
Pursuant to Resolution No. 201-4393 of June 21, 2022, the Directorate General of Income (DGI) establishes the Tax Obligation for all legal entities to update the Single Tax Payer Registry (RUC, in Spanish).