Tax Treaty between Israel and Panama has Entered into Force

On 26 May 2014, the tax treaty between Israel and Panama entered into force. The treaty was signed 8 November 2012, and is the first of its kind between the two countries.
Taxes Covered
The treaty covers Israeli income and company tax, including capital gains tax, and Panama income tax.
Residence
If a company or trust is resident in both Contracting States, the competent authorities wi…
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