About this document
Understanding I.T.B.M.S. Tax Regulations by ScribdTranslations is a document available to read on EtoBox.
This document summarizes the main characteristics of the Tax on the Transfer of Tangible Personal Property and Services (ITBMS) in Panama. It explains that the ITBMS charges a tax on the transfer of goods and services at rates of 5%, 10%, and 15%, and that companies must pay it if their annual sales exceed $36,000. It also lists some taxed and exempt goods and services, and describes how the ITBMS account is classified in the accounting of companies.
- Author
- ScribdTranslations
- Language
- EN