The General Directorate of Revenue (DGI) has extended the deadline for submitting tax returns and payments and thus fulfilling their tax obligations until next Wednesday, March 20.
The measure was adopted due to certain unforeseen events that occurred on the e-Tax 2.0 platform, which represent risks for taxpayers in the performance and payment of tax obligations.
This extension was established by Executive Decree no. 14, which was approved by the Ministry of Economy and Finance, and which was published in the Official Gazette.
ANDThe original deadline expired on March 15, 2024.
According to the document, reports due by March 31, 2024 will retain their original deadline.
In a press release, the DGI reported that this measure is based on legal provisions such as number 5 of Article 184 of the Political Constitution of the Republic of Panama. and Article 78 of the Tax Procedure Law of the Republic of Panama.
Publio De Gracia Tejada, General Director of Revenue, asked taxpayers to take advantage of this extension if they did not have enough time to fulfill their tax obligations.
The decision to extend the deadline was proposed by several taxpayers through different media.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
