Bulgaria Takes Panama Off Grey List
Source: CentralAmerica Data
Citing the country's progress in international cooperation in fiscal matters, the European country has decided to remove the country from the discriminatory tax list.
From a statement issued by the Ministry of Foreign Affairs in Panama:
The Government of the Republic of Bulgaria informed the Government of the Republic of Panama of its decision to take immediate measures to remove the country from the discriminatory tax list, as a result of Panama's advances in international cooperation in tax matters and the forthcoming entry into force of the Convention on Mutual Administrative Assistance in Tax Matters (MAC).
In November 2016, the Ministry of Foreign Affairs established diplomatic communications with the Bulgarian authorities in order to inform them of the latest developments made by the Government of the Republic of Panama, so that evaluation could be made, according to technical and not political criteria, of the country's unfair inclusion in that list.