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Panama’s DGI suspends corporate rights of 18,624 legal entities

Regulation

Source: Junta de Control de Juegos (Panama)

Panama’s Directorate General of Revenue (DGI) issued resolutions listing 18,624 legal entities whose corporate rights would be suspended for failing to pay the annual single tax for three consecutive periods. The DGI said the suspensions restrict business activity and asset disposal, while affected entities may apply for reactivation; a separate notice gave 159,924 entities until 28 April 2023 to update their information.

Affected entities risk restricted business activity and asset disposal, while other entities face an information-update obligation.

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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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