Question from Pablo, What Law Created Panama’s Tax Procedure Code?
Answer from AI:
The Tax Procedure Code of Panama was established by Law 8 of 2010. This law provides the legal framework for tax administration, outlining procedures for tax collection, taxpayer rights, and obligations. It also details processes for audits, appeals, and enforcement, ensuring a structured approach to tax management. The General Directorate of Revenue (DGI), under the Ministry of Economy and Finance, is responsible for implementing these procedures. For detailed information, consulting the official legal text or a legal professional is recommended.
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Disclaimer: The information provided in this response is intended for general informational purposes only and should not be considered as legal advice. While we strive to provide accurate information, we make no guarantees regarding the accuracy or legal validity of the information presented. Laws and regulations vary by jurisdiction and can change over time, and the application of laws can vary widely based on the specific facts and circumstances involved. Therefore, you should consult with a qualified legal professional before making any decisions related to legal matters. Do not rely solely on the information provided in this response for any legal decisions. We disclaim any and all liability with respect to actions taken or not taken based on the contents of this response.
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