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Panama’s DGI introduces monthly sales report for major taxpayers

Regulation

Source: Junta de Control de Juegos (Panama)

Panama’s Directorate General of Revenue (DGI) introduced Form 1027 under Resolution No. 201-10011 of 20 October 2021. Individuals and companies with prior-year gross income of at least B/.1,000,000 or total assets of at least B/.3,000,000 must file monthly from 1 February 2022, reporting the previous month’s activity.

Eligible taxpayers must add monthly sales reporting to their obligations, with inaccurate or false submissions potentially leading to tax-fraud proceedings.

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Regulation

Brazilian Congress president extends betting ban measure by 60 days

Brazil’s Congress president, Davi Alcolumbre, extended the provisional measure prohibiting fixed-odds betting for a further 60 days, with the decision published on 11 November. The extension gives lawmakers until February to consider the measure, which would end betting authorisations, block websites and apps, and return user balances; the government estimates the ban would reduce revenue by BRL12bn.

Brazil’s provisional ban on fixed-odds betting has been extended by another 60 days by Congress president Davi Alcolumbre. The decision appeared in the federal official gazette on Wednesday 11.

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