The Ministry of Economy and Finance submitted a bill which was approved by the Cabinet Council and will be presented to the National Assembly for the next legislative period. This is an addendum to Title VII of the Criminal Code, a chapter called "Crimes against the National Treasury". The proposal introduces tax fraud to avoid money laundering through Banking.
The Secretariat for the State Communication issued in a press release that some parameters of this project that would have several months of discussion are established: “The initiative stipulates sanctions of 2 to 5 years and a fine of up to 10 times the amount defrauded to the people that for their own benefit or that of a third party, with the intention of defrauding the National Treasury, simulate, hide, omit, mislead or deceive in the determination of a tax obligation to stop paying all taxes in part.
In addition, it states that tax fraud will be considered when in a fiscal year the amount defrauded is equal to or greater than three hundred thousand balboas (B / .300, 000.00)."