An agreement of understanding to develop and implement the Integrated Processing System (SIT) in favor of entrepreneurs was signed between the General Directorate of Revenue (DGI) and the Micro, Small and Medium Enterprise Authority (Ampyme).
This system, the IG DGI stressed, aims to speed up and simplify the administrative and management processes for entrepreneurs and micro, small and medium-sized enterprises by strengthening their operation and formalization.
The CEO of Revenue, Camilo Valdés, said that the entity reaffirms itself as a facilitator for young entrepreneurs and entrepreneurs. We seek to enable them to develop their businesses within the legal framework, promoting formal companies that generate jobs and contribute to the country’s economic growth, he added.
Meanwhile, Ampyme’s CEO, Raúl Fernández, stressed the importance of the alliance between the two institutions. Are we closer to having an Integrated Processing System. The DGI will be a key ally to demonstrate that a formal company has a greater projection of success. Paying taxes with the backing of the state is a fundamental step for sustainable growth, he said.
Official figures indicate that in Panama there are 25,000 micro, small and medium-sized enterprises registered from 2020 to date.
This article was translated after appearing in Prensa