Know the new Orientation Guide for new countries, states or territories with preferential tax regimen, with less or none tribute or tax haven
The General Directorate of Internal Taxes has issued a new guide that contains the new list of countries, states or territories with preferential tax regimen, with less or none tribute or tax haven. This list must be considered in order to avoid possible fiscal risks.
There were important changes in countries like Panama, United States and Switzerland. In addition, here are some conditions that should be considered in each country:
In Panama, the tax haven should be applied in institutions that reside in the country and operate under the MHQ regimen, also with free income tax trusts and all those organizations that provide financial lease services.
In the case of United States, South Dakota was included like a state with none tribute so they must start applying the tax haven treatment as well as the following states:
- United States Virgin Islands
Finally, Switzerland need to apply the tax haven treatment to all those organizations that operate in any of the Swiss Canton and that also provides any type of services, including the ones in the Swiss Canton of Geneva which was excluded before.
Julio Vargas Solano
García & Bodán