Panama’s data protection authority has issued a binding legal opinion that prohibits residential building access from requiring biometric identification, such as fingerprints or facial scans, without obtaining explicit consent from every resident and visitor. The ruling means condominium boards that install these systems without proper authorization now face penalties ranging from $1,000 to $10,000 under…
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Vacation rental owners in Panama’s booming short-term rental market could soon face the same tax obligations as traditional hotels under a sweeping fiscal reform drafted by the Ministry of Economy and Finance. The proposed legislation aims to close loopholes in the Panama Airbnb tax framework while simultaneously delivering relief to middle-income homebuyers through the elimination…