Panama
A. Progress in the implementation of the minimum standard
Panama has 17 tax agreements in force, as reported in its response to the Peer Review questionnaire. Twelve of those agreements comply with the minimum standard.
Panama signed the MLI in 2018 and deposited its instrument of ratification on 5 November 2020, listing its non-compliant agreements. The MLI entered into force for Panama on 1 March 2021. The agreements modified by the MLI come into compliance with the minimum standard once the provisions of the MLI take effect.
Panama is implementing the minimum standard through the inclusion of the preamble statement and the PPT.1
Note
← 1. For its agreements listed under the MLI, Panama is implementing the preamble statement (Article 6 of the MLI) and the PPT (Article 7 of the MLI).