The government has joined the list of OECD jurisdictions which exchange tax information automatically, but has said that it will only start implementing the new mechanism in 2018.
The Government of the Republic of Panama explained to users of financial services platforms in Panama and the international community, that the country has announced its commitment to implement the mechanism for automatic exchange of information from 2018, and that this will be done strictly done on a bilateral basis, which is mutual and conditional, to ensure the protection of confidentiality, as was announced by President Juan Carlos Varela last September during the 70th General Assembly of the United Nations, in New York. International Full Service Law Firm Subscribe Mossack Fonseca in Youtube
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Gracias al Museo de Arte Contemporáneo (MAC), hijos de los colaboradores del Grupo Mossack Fonseca disfrutaron de talleres gratuitos
ARTE | Gracias al Museo de Arte Contemporáneo (MAC), hijos de los colaboradores del Grupo Mossack Fonseca disfrutaron de talleres gratuitos de dibujo y pintura dictados por instructores expertos. Esta actividad forma parte del programa educativo del museo denominado ‘EducArte – Los niños unidos por el arte' y está dirigido a niños y jóvenes de diferentes edades con la intención de darles una visión positiva y emprendedora del mundo que los rodea y, sobre todo, despertar la creatividad de cada individuo. Redacción La Estrella de Panamá [email protected] Firma de abogados internacional servicio complete La OCDE oficializó que el país canalero pasó a la segunda fase de la revisión de pares. Alma Solís (Ciudad de Panamá-ANPanamá). El Foro Global sobre Transparencia e Intercambio de Información Tributaria de la Organización para la Cooperación y el Desarrollo Económicos (OCDE) formalizó el avance del país hacia la Fase II del Proceso de Revisión Paritaria Este logro se oficializó durante la VIII Reunión del Foro Global, realizada entre el 29 y 30 de octubre pasado en Bridgetown, Barbados, donde se adoptó por consenso lo aprobado en Paris el pasado mes de septiembre. Ver nota: Panamá pasa a la segunda Fase del Foro Global Ahora los retos de la segunda fase son diferentes como el intercambio de información automática. La cancillería señaló que se evaluará la implementación de Panamá de los estándares para el intercambio de información fiscal a requerimiento en la práctica. En especial, frente a aquellas jurisdicciones con las que Panamá tiene vigentes acuerdos que permiten el intercambio de información. “Este paso refleja el compromiso de Panamá en esta materia y los significativos avances en la actualización de nuestro marco legal. En poco tiempo nos hemos adaptado a los estándares de transparencia fiscal, defendiendo en todo momento los intereses nacionales", apuntó el Vicecanciller Luis Miguel Hincapié. Debemos recordar que el mandatario de la nación Juan Carlos Varela, dijo en su reciente discurso en la Asamblea General de la Organización de las Naciones Unidas (ONU) el país se compromete al intercambio de información automático, pero con algunas condiciones y que el mismo se de en forma bilateral, esto se dio durante su discurso en Naciones Unidas. Entre estas condiciones están que sea de forma bilateral, tal como lo han hecho los principales socios comerciales, debe estar condicionado conforme a la capacidad y circunstancias nacionales y que en el entorno geopolítico internacional se respete el derecho de cada país de tomar las medidas que considere necesarias para garantizar que el intercambio automático de información, que persigue el bien común, no sea mal utilizado. Igualmente propuso que el debate de estos temas se incorpore a la agenda regular de Naciones Unidas, asegurando que las iniciativas que se presenten, sean discutidas por los países en igualdad de condiciones. Más sobre Mossack Fonseca Fundada en 1977, el grupo de Mossack Fonseca es una empresa global que proporciona servicios de contabilidad, fideicomiso y legal integral. Oficina central, 54th street, Marbella Panamá, República de Panamá Tel: (507) 205.5888 La Fundación Grupo Mossack Fonseca se convirtió en el primer patrocinador del Día de las Buenas Acciones 2016, organizado por la Fundación JUPÁ, B´nai B´rith y Voluntarios de Panamá. Mediante este aporte se hace posible efectuar en nuestro país la segunda versión de esta fiesta mundial. Leer reseña
Para obtener más información como nosotros en Facebook - Mossack Fonseca (Official) ML | Al estilo de las grandes estrellas de Estados Unidos, Ana Lucia Herrera, Diego de Obaldía, Delyanne Arjona, Alfonso Baysa, Ingrid de Ycaza y Jossie Jiménez, son figuras públicas que no quieren correr riesgos con los plagiadores. Todos optaron por cuidar sus marcas, patentes y derechos de autor a través de un registro en la división especializada en propiedad intelectual, de la firma Mossack Fonseca.
On August 3, 2015, Ernesto González, CPA, head of Mossack Fonseca Accounting Services, gave an enlightening interview to representatives from our Marketing Department. Ernesto has been with the firm for more than 25 years and has consistently delivered outstanding results for our clients.
We would like our readers to get to know you. Please tell us about yourself and your career. 1. I am a Certified Public Accountant. I graduated from the University of Panamá. I have an MBA with a concentration in Finance. I have devoted myself to accounting since I was twenty. Before joining Mossack Fonseca & Co., I worked for various auditing firms, including Peat Marwick which today is KPMG. I began at Mossack Fonseca & Co. as an external auditor, and subsequently became part of a team monitoring and providing advice to the accounting department. I also spent one year as a consultant. Later, I began working in the accounting department. How many years have you been with MF? 2. I have been with the firm for 25 years. The previous position I had was as Group Controller, and then came a series of restructuring steps and the idea to have a business unit to provide Accounting Services. The Accounting Services unit was primarily formed to provide services to companies which today are requesting accounting records. We now have two years in operation. In the first year of the organization, I created the company, and established the required policies and regulations. The business unit is called International Accounting Services Associates. The business unit is duly registered with the Technical Board of Accounting of the Ministry of Trade and Industry. We are CPAs who are regulated by the government and authorized to provide all types of accounting and auditing services. What are the main provisions of Law 47? 3. Law 47 basically was created to regulate this little phrase that we now call “Know Your Client”, mostly involving financial structures. Initially, when Mossack Fonseca & Co. was established we already had a department called compliance. As CPAs, within the accounting business unit, we have relied on support from the compliance department so that the rules of Law 47 are met, but really the main regularization is Law 23 of 2015 created in the month of April; this law provides that certain professions are regulated, including CPA’s (who previously were not regulated). However, the Superintendency of Banks and the Superintendency of Securities of Panamá already anticipated and promulgated certain regulations for the institutions that they oversee. Mossack Fonseca & Co. is the Trustee service of that regularization. Law 23, which is complementary to the amendment of Law 47, brings new requirements and regulations not only for the compliance department, but also for various professions. Additionally, it gives you the opportunity to know the financial law that applies to your client, and also creates a new law for the non-financial (Professionals) and financial (Banks, Securities Exchange, etc.) watchdogs governed under this law. The law also makes mention of those people who, merely by family relationship, can make a person deemed “politically exposed”, and therefore subject to restrictions under the law. The family relationships that make a person politically exposed include cousins, nephews, nieces, and others. The law also requires that professional service providers be aware of all relevant financial transactions. Why do MF clients need accounting services to comply with the new law? 4. First, some background information. Mossack Fonseca customers need this service because many years ago in the US the OFAC (Office of Foreign Assets Control) was created to regulate foreign assets in many jurisdictions where Mossack Fonseca & Co S.A. does business, such as BVI, Bahamas, and others. Since Mossack Fonseca & Co S.A. offers the service of incorporation, it is, under the law, required to keep all accounting files and thus be aware of the financial situation of each company. In theory, when a client requests incorporation of a company they do so in order to carry out some activity. The nature of the activity can be wide-ranging, such as to hold real estate or an investment portfolio. In any case, under the law, they must keep accounting records. Clients should be aware of the accounting requirements in order to use their company in accordance with the laws governing such entities. Today, in several jurisdictions (BVI, Bahamas, etc.) they already have audit institutions (Financial Services Commissions), which regulate financial institutions and oversee the activities of companies. Even if a company has diverse operations, the director is the person who must have knowledge and control of the financial situation, and indeed has ultimate responsibility for the company. What are the Benefits to the client of using MF? 5. For clients, one of the biggest benefits of using Mossack Fonseca & CO., is our confidentiality; we have an integrated professional team where one will be coupled with both the legal and financial departments, and will benefit from our extensive experience in all aspects of legal and financial matters. How has MF Accounting Services prepared to comply with the new law? 6. We have put into place policies and procedures to ensure 100% compliance with the new law. In addition, we are always up to date on legal and regulatory changes. Our team of lawyers and accountants are well informed via their many different affiliations with government and peer organizations. What recommendations do you have for MF clients to help them prepare for the change? 7. We have informed our clients of the new requirements, advised them on what they need to do, and let them know that we can handle all of their accounting matters. In general, people should be prepared for the change as we are. We constantly update our clients on all relevant changes and provide the advice they need to comply with such changes. We are proud to be able to provide our clients with the security and confidence of knowing that we will provide them with the very best service in the industry. |
About USThe Mossack Fonseca Group is a leading international corporation which provides comprehensive legal, trust, technological and accounting services. With over 500 staff members in all continents, Mossack Fonseca provides personalized advice based on more than 36 years of experience in the market. They also offer world-class service through their exclusive online services which are available 24 hours a day. Archives
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