News

La Constancia is authorized to sell its water trademarks "Cristal" and "Oasis" to The Coca-Cola Company

July, 2019

On July 3rd, 2019 the Board of Directors of the Superintendence of Competition issued a final resolution in the authorization process of economic concentration promoted by La Constancia, Ltda. de C.V. and The Coca-Cola Company, authorizing said economic agents to carry out the transaction in which t...

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GT: Labor Bulletin

July, 2019

By Governmental Agreement 89-2019 was issued the Regulation of the International Labor Organization (ILO) Convention No. 175 which regulates Part-Time Work. This Regulation comes into force today 5 of July and regulates, inter alia:The rights of those workers who are hired part-time;The employe...

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CR: Update of salary Tax Brackets come in to force from today July 1st to September 30th, 2019

July, 2019

As of today, July 1st 2019, the new brackets of income tax will be applicable to the salary, retirement payments and pensions.The updated brackets and rates were published in Executive Decree No. 41799-H, in the national newspaper La Gaceta on June 25th, 2019.The monthly withholding tax rates and br...

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PTY: Panama bids new Electricity Transmission Line

June, 2019

The Panamanian Official Transmission Company (ETESA) is calling for a Public Bid for the Supply, Assembly, Management and Operation of a 230 Kw Electricity Transmission Line from Sabanitas to Panama III. This infrastructure has an estimated budget of 98 million dollars, approximately.The program is...

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