|
||||
| Rates for airlines to be increased |
 A new taxing to the airlines that operate in the country, with which the Government expects to collect about US$20 million more per year, is part of the proposal of tributary reforms the Executive is studying , published daily La Prensa.Vice minister of Finance, Dulcidio de la Guardia, confirmed that this rate will be paid by foreign and national airlines . The daily indicates that currently the country has agreements of double taxing with Chile, Spain, France, Peru, Russia, Argentina, the Netherlands and the United States, by means of which they do not pay taxes in Panama. However, the impact will be felt by Copa Airlines, Avianca, Aires and Aero República de Colombia, Mexicana de Aviación, Taca from Salvador, Santa Bárbara Airlines and Venezolana, from this country. Also included will be Air Panamá y Aeroperlas, who provide local service. During 2008, airlines reported US$1.billion in income, of which US$246.5 million were taxable. They paid in taxable income US$7.3 million; and in income tax (ISR), US$3.4 million. The official added that they look after raising the effective rate of ISR, since today they pay a 2,7%, way below the rate of persons and other companies. He discarded that the way in which the incomes of the airlines are recognized might affect the tickets´ prices for the costumers.
|
|||
| Last Updated ( Thursday, 04 February 2010 06:13 ) |