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Panama’s DGI waives fines for late property-improvement declarations

Regulation

Source: Junta de Control de Juegos (Panama)

Panama’s Directorate General of Revenue (DGI) said taxpayers can declare previously unreported property improvements without a fine during the tax amnesty. They must register a deed with the Public Registry and submit it to the National Land Administration Authority during the law’s validity; the benefit ends in February 2020.

The measure lets eligible taxpayers regularise property-improvement declarations without incurring the stated fine.

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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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