The National Assembly has approved the Tax Reforms with 40 in favor and 15 against. As a result, the sales tax will increase from 5 percent to 7 percent as of July this year. Fondas and fast food restaurants will be exempt as long as the establishments do not sell liquor, as will medicines,...
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Archive for March 13th, 2010
Sales Tax Increase Set for July
Obarrio Construction Devastates City Green Lung
The Mayor’s Office has authorized the razing of 181 trees to make way for a construction project in Panama City’s Obarrio neighborhood. This former city green area between 54th and 56th street, next to the Dante mansion, will make way for the construction of the Westline project, La Prensa reports. Director of Panama’s Environmental...
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