Prevention of Treaty Abuse – Second Peer Review Report on Treaty Shopping

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.

Panama signed the MLI in 2018, listing 17 tax agreements.

Panama is implementing the minimum standard through the inclusion of the preamble statement and the PPT.1

The agreements that will be modified by the MLI will come into compliance with the minimum standard once the provisions of the MLI take effect.

B. Implementation issues

No jurisdiction has raised any concerns about their agreements with Panama.

Summary of the jurisdiction response – Panama

 

	Treaty partners	Compliance with the standard	If compliant, the alternative implemented	Signature of a complying instrument	The alternative implemented through the complying instrument (if not the MLI)	Comments
1	Barbados	No	N/A	Yes	N/A
2	Czech Republic	No	N/A	Yes	N/A
3	France	No	N/A	Yes	N/A
4	Ireland	No	N/A	Yes	N/A
5	Israel	No	N/A	Yes	N/A
6	Italy	No	N/A	Yes	N/A
7	Korea	No	N/A	Yes	N/A
8	Luxembourg	No	N/A	Yes	N/A
9	Mexico	No	N/A	Yes	N/A
10	Netherlands	No	N/A	Yes	N/A
11	Portugal	No	N/A	Yes	N/A
12	Qatar	No	N/A	Yes	N/A
13	Singapore	No	N/A	Yes	N/A
14	Spain	No	N/A	Yes	N/A
15	United Arab Emirates	No	N/A	Yes	N/A
16	United Kingdom	No	N/A	Yes	N/A
17	Viet Nam	No	N/A	Yes	N/A