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Panama extends 7% ITBMS to digital services supplied from abroad

Regulation

Source: Junta de Control de Juegos (Panama)

Panama's Ministry of Economy and Finance said digital services supplied from abroad to customers in the country must apply the existing 7% ITBMS. The ministry said foreign providers must register with the Dirección General de Ingresos, collect the tax and remit it to the state; it did not specify an effective date.

Digital gambling services supplied from abroad may face registration and tax-collection obligations in Panama.

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Regulation

ANJ extends French advertising oversight partnership to games involving monetisable digital objects

Reportedly, France’s ANJ has expanded its cooperation with advertising body ARPP to cover gambling-like online games involving monetisable digital objects. The scope includes tokens, blockchain and cryptocurrencies. Licensed operators must continue submitting marketing strategies to ANJ six months before launch for prior review.

France's gambling regulator, ANJ, has extended its cooperation with the advertising regulation body ARPP to cover advertising for online games that resemble gambling and involve monetisable digital objects such as tokens, blockchain or cryptocurrencies. ARPP will continue to act as an independent observer of commercial communications for online gambling.

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